Gross savings in Other small states
Other small states: Gross savings was 22.2% in 2024. ▲ Rising
Gross savings in Other small states, 1993–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Other small states recorded 22.2% for gross savings in 2024.
That represents a change of down 2.3% on the previous year and down 16.6% over ten years.
Over the whole period, gross savings in Other small states peaked at 31.2% in 2011 and was at its lowest, 19.8%, in 2000.
Other small states ranks 29th of 42 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 32 years of available data.
Gross savings in Other small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1993 | 22.9% | — |
| 1994 | 21.9% | -4.2% |
| 1995 | 21.0% | -4.4% |
| 1996 | 20.7% | -1.4% |
| 1997 | 20.5% | -0.9% |
| 1998 | 22.6% | +10.4% |
| 1999 | 20.4% | -9.8% |
| 2000 | 19.8% | -3.1% |
| 2001 | 25.5% | +28.9% |
| 2002 | 26.5% | +4.1% |
| 2003 | 25.7% | -3.2% |
| 2004 | 24.9% | -3.0% |
| 2005 | 25.3% | +1.7% |
| 2006 | 29.3% | +15.5% |
| 2007 | 29.1% | -0.6% |
| 2008 | 30.8% | +6.0% |
| 2009 | 25.9% | -15.9% |
| 2010 | 27.4% | +5.5% |
| 2011 | 31.2% | +13.9% |
| 2012 | 29.7% | -4.7% |
| 2013 | 28.8% | -3.1% |
| 2014 | 26.6% | -7.6% |
| 2015 | 26.7% | +0.5% |
| 2016 | 25.4% | -5.0% |
| 2017 | 27.0% | +6.3% |
| 2018 | 26.1% | -3.2% |
| 2019 | 26.4% | +1.0% |
| 2020 | 22.1% | -16.1% |
| 2021 | 23.8% | +7.5% |
| 2022 | 24.1% | +1.3% |
| 2023 | 22.7% | -5.9% |
| 2024 | 22.2% | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 21.4% | 20.4% | 22.9% | 7 |
| 2000s | 26.3% | 19.8% | 30.8% | 10 |
| 2010s | 27.5% | 25.4% | 31.2% | 10 |
| 2020s | 23.0% | 22.1% | 24.1% | 5 |
Countries ranked near Other small states
More economy & growth data for Other small states
- Services, value added 154.73 billion current US$ (2025)
- Manufacturing, value added 13.58 billion constant 2015 US$ (2025)
- Services, value added (current US$), per capita 11,870 current US$ per person (2025)
- Industry (including construction), value added 43.63 billion current US$ (2025)
- Industry (including construction), value added 32.07 billion constant 2015 US$ (2025)
- Industry (including construction), value added 2.2% (2025)
- Industry (including construction), value added 19.1% (2025)
- Services, value added (constant 2015 US$), annual growth rate 2.94 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8968 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 9.59 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Other small states?
- Gross savings in Other small states was 22.2% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Other small states?
- The highest recorded value was 31.2% in 2011.
- What is the lowest gross savings recorded in Other small states?
- The lowest recorded value was 19.8% in 2000.
- How does Other small states rank for gross savings?
- Other small states ranks 29th out of 42 groups with data for 2024.
- Is gross savings rising or falling in Other small states?
- Over the last ten years it is down 16.6%. The long-run trend across the full record is rising.
- Where does this Other small states 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.