Gross savings in Ireland
Ireland: Gross savings was 34.9% in 2024. ▲ Rising
Gross savings in Ireland, 2005–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Ireland recorded 34.9% for gross savings in 2024.
That represents a change of up 2.2% on the previous year and up 36.5% over ten years.
Over the whole period, gross savings in Ireland peaked at 34.9% in 2021 and was at its lowest, 15.4%, in 2009.
That places Ireland 25th out of 177 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Gross savings in Ireland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 27.0% | — |
| 2006 | 27.4% | +1.3% |
| 2007 | 24.0% | -12.6% |
| 2008 | 18.8% | -21.3% |
| 2009 | 15.4% | -18.0% |
| 2010 | 17.2% | +11.6% |
| 2011 | 16.5% | -4.4% |
| 2012 | 16.7% | +1.4% |
| 2013 | 21.9% | +31.1% |
| 2014 | 25.5% | +16.6% |
| 2015 | 32.6% | +27.8% |
| 2016 | 34.7% | +6.5% |
| 2017 | 34.9% | +0.4% |
| 2018 | 32.7% | -6.1% |
| 2019 | 33.6% | +2.5% |
| 2020 | 34.6% | +3.1% |
| 2021 | 34.9% | +1.0% |
| 2022 | 32.2% | -8.0% |
| 2023 | 34.1% | +6.1% |
| 2024 | 34.9% | +2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 22.5% | 15.4% | 27.4% | 5 |
| 2010s | 26.6% | 16.5% | 34.9% | 10 |
| 2020s | 34.1% | 32.2% | 34.9% | 5 |
Countries ranked near Ireland
- 22 Republic of Korea 35.6% compare
- 23 Denmark 35.4% compare
- 24 Indonesia 35.0% compare
- 26 Bangladesh 34.8% compare
- 27 India 34.7% compare
- 28 Mauritania 34.4% compare
More economy & growth data for Ireland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.52 Percent per annum (2029)
- Manufacturing, value added (current US$), per unit of GDP 0.3393 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 44,643 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.3002 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 39,508 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.3077 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 40,487 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 34,717 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 33 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Ireland?
- Gross savings in Ireland was 34.9% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Ireland?
- The highest recorded value was 34.9% in 2021.
- What is the lowest gross savings recorded in Ireland?
- The lowest recorded value was 15.4% in 2009.
- How does Ireland rank for gross savings?
- Ireland ranks 25th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Ireland?
- Over the last ten years it is up 36.5%. The long-run trend across the full record is rising.
- Where does this Ireland data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.