Gross savings in Low income
Low income: Gross savings was 16.5% in 2022. ▼ Falling
Gross savings in Low income, 2011–2022
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2022, gross savings in Low income stood at 16.5%.
The figure is up 2.4% on the previous year and down 6.0% over ten years.
Over the whole period, gross savings in Low income peaked at 21.0% in 2011 and was at its lowest, 14.5%, in 2020.
Low income ranks 38th of 42 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 12 years of available data.
Gross savings in Low income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2011 | 21.0% | — |
| 2012 | 17.6% | -16.2% |
| 2013 | 16.6% | -5.5% |
| 2014 | 18.1% | +9.0% |
| 2015 | 14.8% | -18.2% |
| 2016 | 16.6% | +12.2% |
| 2017 | 16.8% | +0.8% |
| 2018 | 16.6% | -0.7% |
| 2019 | 16.8% | +1.1% |
| 2020 | 14.5% | -14.1% |
| 2021 | 16.1% | +11.6% |
| 2022 | 16.5% | +2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 17.2% | 14.8% | 21.0% | 9 |
| 2020s | 15.7% | 14.5% | 16.5% | 3 |
Countries ranked near Low income
More economy & growth data for Low income
- Trade 47.6% (2025)
- Gross capital formation 20.7% (2025)
- Imports of goods and services 217.97 billion current US$ (2025)
- Imports of goods and services 205.92 billion constant 2015 US$ (2025)
- Imports of goods and services 5.7% (2025)
- Imports of goods and services 33.9% (2025)
- External balance on goods and services -10.3% (2025)
- Manufacturing, value added 59.60 billion constant 2015 US$ (2025)
- Gross domestic savings (current US$), annual growth rate 29.89 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added 5.1% (2025)
Frequently asked questions
- What is gross savings in Low income?
- Gross savings in Low income was 16.5% in 2022, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Low income?
- The highest recorded value was 21.0% in 2011.
- What is the lowest gross savings recorded in Low income?
- The lowest recorded value was 14.5% in 2020.
- How does Low income rank for gross savings?
- Low income ranks 38th out of 42 groups with data for 2022.
- Is gross savings rising or falling in Low income?
- Over the last ten years it is down 6.0%. The long-run trend across the full record is falling.
- Where does this Low income 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.