Gross savings in Portugal
Portugal: Gross savings was 22.0% in 2024. ▼ Falling
Gross savings in Portugal, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Portugal is 22.0%, measured in 2024.
Compared with earlier readings it is up 6.4% on the previous year and up 46.1% over ten years.
Over the whole period, gross savings in Portugal peaked at 29.3% in 1989 and was at its lowest, 10.7%, in 2010.
That places Portugal 95th out of 178 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 50 years of available data.
Gross savings in Portugal, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | 16.2% | — |
| 1976 | 18.1% | +11.2% |
| 1977 | 21.1% | +16.6% |
| 1978 | 26.0% | +23.3% |
| 1979 | 28.6% | +10.1% |
| 1980 | 27.4% | -4.3% |
| 1981 | 23.1% | -15.7% |
| 1982 | 21.5% | -6.9% |
| 1983 | 20.9% | -2.5% |
| 1984 | 19.5% | -6.9% |
| 1985 | 22.2% | +13.7% |
| 1986 | 26.4% | +19.0% |
| 1987 | 28.6% | +8.7% |
| 1988 | 28.9% | +0.9% |
| 1989 | 29.3% | +1.3% |
| 1990 | 28.0% | -4.3% |
| 1991 | 25.2% | -9.9% |
| 1992 | 25.3% | +0.2% |
| 1993 | 22.8% | -10.0% |
| 1994 | 21.7% | -4.9% |
| 1995 | 24.6% | +13.8% |
| 1996 | 21.5% | -12.8% |
| 1997 | 21.6% | +0.6% |
| 1998 | 22.2% | +2.4% |
| 1999 | 20.3% | -8.4% |
| 2000 | 17.9% | -11.6% |
| 2001 | 18.1% | +1.0% |
| 2002 | 17.4% | -4.2% |
| 2003 | 16.4% | -5.5% |
| 2004 | 15.5% | -5.4% |
| 2005 | 13.7% | -11.8% |
| 2006 | 12.8% | -6.7% |
| 2007 | 13.4% | +5.1% |
| 2008 | 11.4% | -15.0% |
| 2009 | 11.0% | -4.0% |
| 2010 | 10.7% | -2.5% |
| 2011 | 13.3% | +24.0% |
| 2012 | 14.0% | +5.3% |
| 2013 | 15.6% | +11.5% |
| 2014 | 15.1% | -3.2% |
| 2015 | 15.9% | +5.5% |
| 2016 | 16.7% | +5.3% |
| 2017 | 18.4% | +10.0% |
| 2018 | 18.8% | +1.9% |
| 2019 | 19.0% | +1.0% |
| 2020 | 18.4% | -3.1% |
| 2021 | 19.8% | +7.9% |
| 2022 | 18.9% | -4.8% |
| 2023 | 20.7% | +9.4% |
| 2024 | 22.0% | +6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.0% | 16.2% | 28.6% | 5 |
| 1980s | 24.8% | 19.5% | 29.3% | 10 |
| 1990s | 23.3% | 20.3% | 28.0% | 10 |
| 2000s | 14.8% | 11.0% | 18.1% | 10 |
| 2010s | 15.7% | 10.7% | 19.0% | 10 |
| 2020s | 19.9% | 18.4% | 22.0% | 5 |
Countries ranked near Portugal
More economy & growth data for Portugal
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.18 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.9 Percent per annum (2029)
- Gross capital formation (current US$), annual growth rate 14.29 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2104 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 6,749 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 9.48 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 0.1862 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 5,972 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 5.75 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1447 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Portugal?
- Gross savings in Portugal was 22.0% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Portugal?
- The highest recorded value was 29.3% in 1989.
- What is the lowest gross savings recorded in Portugal?
- The lowest recorded value was 10.7% in 2010.
- How does Portugal rank for gross savings?
- Portugal ranks 95th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Portugal?
- Over the last ten years it is up 46.1%. The long-run trend across the full record is falling.
- Where does this Portugal 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.