Gross savings in Small states
Small states: Gross savings was 21.5% in 2024. ▼ Falling
Gross savings in Small states, 2006–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Small states is 21.5%, measured in 2024.
The figure is down 1.9% on the previous year and down 15.8% over ten years.
Over the whole period, gross savings in Small states peaked at 30.1% in 2008 and was at its lowest, 20.6%, in 2020.
Small states ranks 28th of 40 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 19 years of available data.
Gross savings in Small states, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2006 | 28.4% | — |
| 2007 | 28.8% | +1.4% |
| 2008 | 30.1% | +4.6% |
| 2009 | 26.1% | -13.2% |
| 2010 | 27.1% | +3.6% |
| 2011 | 29.4% | +8.6% |
| 2012 | 28.2% | -4.2% |
| 2013 | 27.5% | -2.4% |
| 2014 | 25.6% | -6.9% |
| 2015 | 25.8% | +1.0% |
| 2016 | 24.8% | -4.1% |
| 2017 | 25.7% | +3.8% |
| 2018 | 24.8% | -3.6% |
| 2019 | 25.2% | +1.8% |
| 2020 | 20.6% | -18.3% |
| 2021 | 22.3% | +8.2% |
| 2022 | 22.9% | +3.0% |
| 2023 | 21.9% | -4.4% |
| 2024 | 21.5% | -1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 28.4% | 26.1% | 30.1% | 4 |
| 2010s | 26.4% | 24.8% | 29.4% | 10 |
| 2020s | 21.8% | 20.6% | 22.9% | 5 |
Countries ranked near Small states
More economy & growth data for Small states
- GDP growth 4.4% (2025)
- Services, value added 163.36 billion constant 2015 US$ (2025)
- Services, value added 3.0% (2025)
- Trade in services 69.2% (2024)
- Inflation, GDP deflator 2.7% (2025)
- Gross value added at basic prices (GVA) 307.40 billion current US$ (2025)
- Gross value added at basic prices (GVA) 247.79 billion constant 2015 US$ (2025)
- GDP 337.31 billion current US$ (2025)
- GDP 269.71 billion constant 2015 US$ (2025)
- GNI, Atlas method 315.41 billion current US$ (2025)
Frequently asked questions
- What is gross savings in Small states?
- Gross savings in Small states was 21.5% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Small states?
- The highest recorded value was 30.1% in 2008.
- What is the lowest gross savings recorded in Small states?
- The lowest recorded value was 20.6% in 2020.
- How does Small states rank for gross savings?
- Small states ranks 28th out of 40 groups with data for 2024.
- Is gross savings rising or falling in Small states?
- Over the last ten years it is down 15.8%. The long-run trend across the full record is falling.
- Where does this 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.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.