Gross savings in Upper middle income
Upper middle income: Gross savings was 33.4% in 2024. ▲ Rising
Gross savings in Upper middle income, 1982–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Upper middle income recorded 33.4% for gross savings in 2024.
The figure is down 0.8% on the previous year and down 7.4% over ten years.
Over the whole period, gross savings in Upper middle income peaked at 39.3% in 2008 and was at its lowest, 28.3%, in 1983.
Upper middle income ranks 7th 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 Upper middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1982 | 28.5% | — |
| 1983 | 28.3% | -0.5% |
| 1984 | 29.3% | +3.5% |
| 1985 | 30.5% | +3.8% |
| 1986 | 29.4% | -3.5% |
| 1987 | 30.9% | +5.2% |
| 1988 | 32.1% | +4.0% |
| 1989 | 31.3% | -2.7% |
| 1990 | 29.6% | -5.3% |
| 1991 | 30.4% | +2.8% |
| 1992 | 31.7% | +4.1% |
| 1993 | 32.9% | +4.0% |
| 1994 | 32.9% | -0.2% |
| 1995 | 31.4% | -4.5% |
| 1996 | 31.0% | -1.4% |
| 1997 | 31.3% | +1.1% |
| 1998 | 30.3% | -3.3% |
| 1999 | 28.8% | -4.8% |
| 2000 | 29.1% | +0.9% |
| 2001 | 29.7% | +2.0% |
| 2002 | 30.9% | +4.1% |
| 2003 | 32.9% | +6.2% |
| 2004 | 34.9% | +6.3% |
| 2005 | 35.5% | +1.8% |
| 2006 | 37.4% | +5.3% |
| 2007 | 38.5% | +2.7% |
| 2008 | 39.3% | +2.2% |
| 2009 | 37.5% | -4.6% |
| 2010 | 38.6% | +2.9% |
| 2011 | 37.6% | -2.5% |
| 2012 | 37.0% | -1.6% |
| 2013 | 36.1% | -2.5% |
| 2014 | 36.0% | -0.3% |
| 2015 | 34.4% | -4.4% |
| 2016 | 33.7% | -2.2% |
| 2017 | 34.3% | +1.8% |
| 2018 | 34.1% | -0.6% |
| 2019 | 33.6% | -1.4% |
| 2020 | 33.5% | -0.2% |
| 2021 | 35.1% | +4.8% |
| 2022 | 35.3% | +0.5% |
| 2023 | 33.6% | -4.7% |
| 2024 | 33.4% | -0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 30.0% | 28.3% | 32.1% | 8 |
| 1990s | 31.0% | 28.8% | 32.9% | 10 |
| 2000s | 34.6% | 29.1% | 39.3% | 10 |
| 2010s | 35.5% | 33.6% | 38.6% | 10 |
| 2020s | 34.2% | 33.4% | 35.3% | 5 |
Countries ranked near Upper middle income
More economy & growth data for Upper middle income
- Gross capital formation 33.7% (2024)
- Gross fixed capital formation 10.46 trillion current US$ (2024)
- Gross fixed capital formation 32.7% (2024)
- Gross capital formation 10.81 trillion current US$ (2024)
- Gross capital formation 10.29 trillion constant 2015 US$ (2025)
- Gross capital formation 2.1% (2025)
- External balance on goods and services 2.1% (2025)
- GNI, Atlas method (current US$), per capita 10,938 current US$ per person (2025)
- Trade 48.9% (2025)
- GNI, Atlas method (current US$), per unit of GDP 1 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Upper middle income?
- Gross savings in Upper middle income was 33.4% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Upper middle income?
- The highest recorded value was 39.3% in 2008.
- What is the lowest gross savings recorded in Upper middle income?
- The lowest recorded value was 28.3% in 1983.
- How does Upper middle income rank for gross savings?
- Upper middle income ranks 7th out of 42 groups with data for 2024.
- Is gross savings rising or falling in Upper middle income?
- Over the last ten years it is down 7.4%. The long-run trend across the full record is rising.
- Where does this Upper 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.