Gross savings in Lower middle income
Lower middle income: Gross savings was 28.0% in 2024. ▲ Rising
Gross savings in Lower middle income, 1976–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, gross savings in Lower middle income stood at 28.0%.
The figure is up 1.2% on the previous year and down 0.5% over ten years.
Over the whole period, gross savings in Lower middle income peaked at 36.2% in 2007 and was at its lowest, 15.6%, in 1976.
That places Lower middle income 13th out of 42 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 49 years of available data.
Gross savings in Lower middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 15.6% | — |
| 1977 | 16.5% | +5.3% |
| 1978 | 15.8% | -4.0% |
| 1979 | 16.3% | +3.4% |
| 1980 | 15.8% | -3.3% |
| 1981 | 16.9% | +7.3% |
| 1982 | 16.6% | -2.3% |
| 1983 | 16.3% | -1.6% |
| 1984 | 18.0% | +10.2% |
| 1985 | 18.2% | +1.1% |
| 1986 | 17.1% | -5.7% |
| 1987 | 18.7% | +9.3% |
| 1988 | 19.0% | +1.5% |
| 1989 | 20.2% | +6.4% |
| 1990 | 22.4% | +11.0% |
| 1991 | 28.1% | +25.1% |
| 1992 | 28.7% | +2.3% |
| 1993 | 28.6% | -0.4% |
| 1994 | 29.5% | +3.0% |
| 1995 | 29.8% | +1.2% |
| 1996 | 29.4% | -1.4% |
| 1997 | 29.5% | +0.5% |
| 1998 | 29.0% | -1.8% |
| 1999 | 28.9% | -0.5% |
| 2000 | 29.1% | +0.8% |
| 2001 | 29.4% | +0.9% |
| 2002 | 30.1% | +2.5% |
| 2003 | 31.3% | +4.0% |
| 2004 | 33.7% | +7.6% |
| 2005 | 34.1% | +1.4% |
| 2006 | 35.9% | +5.1% |
| 2007 | 36.2% | +0.9% |
| 2008 | 35.9% | -1.0% |
| 2009 | 34.1% | -4.9% |
| 2010 | 34.5% | +1.3% |
| 2011 | 33.6% | -2.6% |
| 2012 | 28.7% | -14.7% |
| 2013 | 27.9% | -2.7% |
| 2014 | 28.2% | +0.9% |
| 2015 | 27.0% | -4.1% |
| 2016 | 26.2% | -3.1% |
| 2017 | 26.8% | +2.5% |
| 2018 | 27.1% | +1.0% |
| 2019 | 26.1% | -3.6% |
| 2020 | 25.5% | -2.6% |
| 2021 | 25.9% | +1.6% |
| 2022 | 27.2% | +5.3% |
| 2023 | 27.7% | +1.7% |
| 2024 | 28.0% | +1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.1% | 15.6% | 16.5% | 4 |
| 1980s | 17.7% | 15.8% | 20.2% | 10 |
| 1990s | 28.4% | 22.4% | 29.8% | 10 |
| 2000s | 33.0% | 29.1% | 36.2% | 10 |
| 2010s | 28.6% | 26.1% | 34.5% | 10 |
| 2020s | 26.9% | 25.5% | 28.0% | 5 |
Countries ranked near Lower middle income
- 10 Algeria 39.4% compare
- 11 Cambodia 39.2% compare
- 12 Tajikistan 38.8% compare
- 13 San Marino 38.6% compare
- 14 Gabon 38.4% compare
- 15 Marshall Islands 38.1% compare
- 16 Iran, Islamic Republic of 37.9% compare
More economy & growth data for Lower middle income
- Agriculture, forestry, and fishing, value added 1.15 trillion constant 2015 US$ (2025)
- Imports of goods and services 1.92 trillion current US$ (2025)
- Imports of goods and services 1.75 trillion constant 2015 US$ (2025)
- Imports of goods and services 8.1% (2025)
- Imports of goods and services 26.3% (2025)
- External balance on goods and services -3.1% (2025)
- Trade 46.6% (2025)
- GDP (current US$), per capita 2,481 current US$ per person (2025)
- Industry (including construction), value added 2.29 trillion current US$ (2025)
- GDP (constant 2015 US$), per unit of GDP 0.9569 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Lower middle income?
- Gross savings in Lower middle income was 28.0% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Lower middle income?
- The highest recorded value was 36.2% in 2007.
- What is the lowest gross savings recorded in Lower middle income?
- The lowest recorded value was 15.6% in 1976.
- How does Lower middle income rank for gross savings?
- Lower middle income ranks 13th out of 42 groups with data for 2024.
- Is gross savings rising or falling in Lower middle income?
- Over the last ten years it is down 0.5%. The long-run trend across the full record is rising.
- Where does this Lower middle 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.