Gross savings in Middle income
Middle income: Gross savings was 32.5% in 2024. ▲ Rising
Gross savings in Middle income, 1982–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Middle income recorded 32.5% for gross savings in 2024.
The figure is down 0.5% on the previous year and down 6.2% over ten years.
Over the whole period, gross savings in Middle income peaked at 38.8% in 2008 and was at its lowest, 26.4%, in 1983.
Middle income ranks 8th of 42 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 43 years of available data.
Gross savings in Middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1982 | 26.6% | — |
| 1983 | 26.4% | -0.6% |
| 1984 | 27.5% | +4.1% |
| 1985 | 28.5% | +3.3% |
| 1986 | 27.4% | -3.6% |
| 1987 | 29.0% | +5.6% |
| 1988 | 30.0% | +3.5% |
| 1989 | 29.5% | -1.5% |
| 1990 | 28.5% | -3.6% |
| 1991 | 30.1% | +5.6% |
| 1992 | 31.2% | +3.8% |
| 1993 | 32.3% | +3.3% |
| 1994 | 32.3% | +0.3% |
| 1995 | 31.2% | -3.7% |
| 1996 | 30.7% | -1.4% |
| 1997 | 31.1% | +1.0% |
| 1998 | 30.1% | -3.1% |
| 1999 | 28.8% | -4.1% |
| 2000 | 29.1% | +0.9% |
| 2001 | 29.6% | +1.8% |
| 2002 | 30.8% | +3.9% |
| 2003 | 32.6% | +5.9% |
| 2004 | 34.7% | +6.5% |
| 2005 | 35.3% | +1.7% |
| 2006 | 37.2% | +5.3% |
| 2007 | 38.1% | +2.5% |
| 2008 | 38.8% | +1.7% |
| 2009 | 37.0% | -4.7% |
| 2010 | 37.9% | +2.6% |
| 2011 | 37.0% | -2.5% |
| 2012 | 35.6% | -3.6% |
| 2013 | 34.7% | -2.5% |
| 2014 | 34.7% | -0.1% |
| 2015 | 33.2% | -4.3% |
| 2016 | 32.4% | -2.4% |
| 2017 | 33.1% | +2.1% |
| 2018 | 33.0% | -0.4% |
| 2019 | 32.4% | -1.7% |
| 2020 | 32.2% | -0.5% |
| 2021 | 33.7% | +4.4% |
| 2022 | 34.0% | +1.1% |
| 2023 | 32.7% | -3.9% |
| 2024 | 32.5% | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 28.1% | 26.4% | 30.0% | 8 |
| 1990s | 30.6% | 28.5% | 32.3% | 10 |
| 2000s | 34.3% | 29.1% | 38.8% | 10 |
| 2010s | 34.4% | 32.4% | 37.9% | 10 |
| 2020s | 33.0% | 32.2% | 34.0% | 5 |
Countries ranked near Middle income
More economy & growth data for Middle income
- Imports of goods and services 9.88 trillion current US$ (2025)
- Gross fixed capital formation 32.1% (2024)
- Gross capital formation 12.97 trillion current US$ (2024)
- Gross capital formation 12.33 trillion constant 2015 US$ (2025)
- Gross capital formation 2.7% (2025)
- Gross capital formation 33.4% (2024)
- Trade 48.5% (2025)
- Agriculture, forestry, and fishing, value added 3.31 trillion constant 2015 US$ (2025)
- GNI, Atlas method (current US$), per unit of GDP 1 current US$ per US$ of GDP (2025)
- Gross fixed capital formation 12.49 trillion current US$ (2024)
Frequently asked questions
- What is gross savings in Middle income?
- Gross savings in Middle income was 32.5% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Middle income?
- The highest recorded value was 38.8% in 2008.
- What is the lowest gross savings recorded in Middle income?
- The lowest recorded value was 26.4% in 1983.
- How does Middle income rank for gross savings?
- Middle income ranks 8th out of 42 groups with data for 2024.
- Is gross savings rising or falling in Middle income?
- Over the last ten years it is down 6.2%. The long-run trend across the full record is rising.
- Where does this 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.