Gross savings in OECD members
OECD members: Gross savings was 22.3% in 2024. ▬ Flat
Gross savings in OECD members, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, gross savings in OECD members stood at 22.3%.
That represents a change of down 0.7% on the previous year and up 0.7% over ten years.
Over the whole period, gross savings in OECD members peaked at 24.0% in 1978 and was at its lowest, 19.2%, in 1993.
That places OECD members 26th out of 40 groups with data for 2024, putting it in the middle of the range.
Gross savings in OECD members, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | 22.1% | — |
| 1976 | 22.8% | +3.2% |
| 1977 | 23.3% | +2.2% |
| 1978 | 24.0% | +3.3% |
| 1979 | 24.0% | -0.2% |
| 1980 | 22.9% | -4.7% |
| 1981 | 22.7% | -0.5% |
| 1982 | 21.8% | -4.2% |
| 1983 | 21.2% | -2.7% |
| 1984 | 22.5% | +6.2% |
| 1985 | 22.0% | -2.2% |
| 1986 | 21.5% | -2.2% |
| 1987 | 21.7% | +0.8% |
| 1988 | 22.6% | +4.0% |
| 1989 | 22.2% | -1.7% |
| 1990 | 21.5% | -3.1% |
| 1991 | 20.6% | -4.4% |
| 1992 | 19.4% | -5.7% |
| 1993 | 19.2% | -1.1% |
| 1994 | 20.0% | +4.2% |
| 1995 | 21.0% | +5.2% |
| 1996 | 22.9% | +8.9% |
| 1997 | 23.6% | +3.1% |
| 1998 | 23.8% | +1.0% |
| 1999 | 23.1% | -3.0% |
| 2000 | 23.3% | +0.6% |
| 2001 | 22.6% | -3.0% |
| 2002 | 21.7% | -3.7% |
| 2003 | 21.3% | -2.1% |
| 2004 | 21.9% | +2.7% |
| 2005 | 22.2% | +1.3% |
| 2006 | 23.0% | +3.6% |
| 2007 | 22.5% | -2.2% |
| 2008 | 20.9% | -6.9% |
| 2009 | 19.2% | -8.0% |
| 2010 | 20.2% | +5.0% |
| 2011 | 20.8% | +3.0% |
| 2012 | 21.3% | +2.6% |
| 2013 | 21.4% | +0.4% |
| 2014 | 22.1% | +3.4% |
| 2015 | 22.5% | +1.6% |
| 2016 | 22.2% | -1.5% |
| 2017 | 22.7% | +2.4% |
| 2018 | 23.0% | +1.2% |
| 2019 | 23.2% | +0.9% |
| 2020 | 22.4% | -3.3% |
| 2021 | 23.4% | +4.2% |
| 2022 | 23.0% | -1.5% |
| 2023 | 22.4% | -2.6% |
| 2024 | 22.3% | -0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 23.2% | 22.1% | 24.0% | 5 |
| 1980s | 22.1% | 21.2% | 22.9% | 10 |
| 1990s | 21.5% | 19.2% | 23.8% | 10 |
| 2000s | 21.8% | 19.2% | 23.3% | 10 |
| 2010s | 21.9% | 20.2% | 23.2% | 10 |
| 2020s | 22.7% | 22.3% | 23.4% | 5 |
Countries ranked near OECD members
More economy & growth data for OECD members
- Services, value added 41.66 trillion current US$ (2021)
- Manufacturing, value added 7.62 trillion current US$ (2022)
- Manufacturing, value added 7.62 trillion constant 2015 US$ (2024)
- Manufacturing, value added 12.4% (2022)
- Trade in services 14.9% (2025)
- Industry (including construction), value added 11.64 trillion constant 2015 US$ (2024)
- Industry (including construction), value added -0.8% (2024)
- Industry (including construction), value added 21.2% (2022)
- GDP growth 1.8% (2025)
- GDP 57.86 trillion constant 2015 US$ (2025)
Frequently asked questions
- What is gross savings in OECD members?
- Gross savings in OECD members was 22.3% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in OECD members?
- The highest recorded value was 24.0% in 1978.
- What is the lowest gross savings recorded in OECD members?
- The lowest recorded value was 19.2% in 1993.
- How does OECD members rank for gross savings?
- OECD members ranks 26th out of 40 groups with data for 2024.
- Is gross savings rising or falling in OECD members?
- Over the last ten years it is up 0.7%. The long-run trend across the full record is flat.
- Where does this OECD members 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.