Gross savings in World
World: Gross savings was 26.1% in 2024. ▲ Rising
Gross savings in World, 1981–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, gross savings in World stood at 26.1%.
That represents a change of down 0.5% on the previous year and down 2.4% over ten years.
Over the whole period, gross savings in World peaked at 28.2% in 2007 and was at its lowest, 23.0%, in 1981.
World ranks 18th of 40 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 44 years of available data.
Gross savings in World, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1981 | 23.0% | — |
| 1982 | 23.7% | +3.2% |
| 1983 | 23.2% | -2.1% |
| 1984 | 24.5% | +5.3% |
| 1985 | 24.2% | -1.0% |
| 1986 | 23.6% | -2.4% |
| 1987 | 24.4% | +3.3% |
| 1988 | 25.4% | +3.8% |
| 1989 | 24.9% | -1.6% |
| 1990 | 24.2% | -3.2% |
| 1991 | 24.3% | +0.6% |
| 1992 | 24.1% | -0.7% |
| 1993 | 24.3% | +0.7% |
| 1994 | 25.0% | +2.8% |
| 1995 | 25.0% | +0.2% |
| 1996 | 25.8% | +3.1% |
| 1997 | 26.3% | +1.9% |
| 1998 | 25.9% | -1.3% |
| 1999 | 25.3% | -2.5% |
| 2000 | 25.8% | +2.0% |
| 2001 | 25.3% | -1.9% |
| 2002 | 25.0% | -1.0% |
| 2003 | 25.4% | +1.5% |
| 2004 | 26.6% | +4.6% |
| 2005 | 27.1% | +1.8% |
| 2006 | 28.2% | +4.2% |
| 2007 | 28.2% | +0.0% |
| 2008 | 27.4% | -2.9% |
| 2009 | 25.3% | -7.6% |
| 2010 | 26.5% | +4.8% |
| 2011 | 26.8% | +1.0% |
| 2012 | 26.7% | -0.6% |
| 2013 | 26.4% | -1.2% |
| 2014 | 26.7% | +1.5% |
| 2015 | 26.3% | -1.7% |
| 2016 | 25.8% | -2.0% |
| 2017 | 26.4% | +2.3% |
| 2018 | 26.6% | +0.7% |
| 2019 | 26.4% | -0.4% |
| 2020 | 25.7% | -2.7% |
| 2021 | 27.1% | +5.3% |
| 2022 | 27.2% | +0.4% |
| 2023 | 26.2% | -3.6% |
| 2024 | 26.1% | -0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 24.1% | 23.0% | 25.4% | 9 |
| 1990s | 25.0% | 24.1% | 26.3% | 10 |
| 2000s | 26.4% | 25.0% | 28.2% | 10 |
| 2010s | 26.5% | 25.8% | 26.8% | 10 |
| 2020s | 26.5% | 25.7% | 27.2% | 5 |
Countries ranked near World
- 15 Marshall Islands 38.1% compare
- 16 Iran, Islamic Republic of 37.9% compare
- 17 Norway 37.3% compare
- 18 Viet Nam 37.0% compare
- 19 Switzerland 36.7% compare
- 20 Tanzania, United Republic of 36.5% compare
- 21 Nepal 36.0% compare
More economy & growth data for World
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.23 Percent per annum (2028)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.11 Percent per annum (2028)
- Services, value added (current US$), annual growth rate 4.46 % change on previous year (2024)
- Services, value added (current US$), per unit of GDP 0.633 current US$ per US$ of GDP (2024)
- Services, value added (current US$), per capita 8,683 current US$ per person (2024)
- Services, value added (constant 2015 US$), annual growth rate 3.24 % change on previous year (2024)
- Services, value added (constant 2015 US$), per unit of GDP 0.5766 constant 2015 US$ per US$ of GDP (2024)
- Services, value added (constant 2015 US$), per capita 7,910 constant 2015 US$ per person (2024)
- Gross value added at basic prices (GVA) (current US$), annual growth 3.52 % change on previous year (2024)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8756 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross savings in World?
- Gross savings in World was 26.1% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in World?
- The highest recorded value was 28.2% in 2007.
- What is the lowest gross savings recorded in World?
- The lowest recorded value was 23.0% in 1981.
- How does World rank for gross savings?
- World ranks 18th out of 40 groups with data for 2024.
- Is gross savings rising or falling in World?
- Over the last ten years it is down 2.4%. The long-run trend across the full record is rising.
- Where does this World 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.