Gross savings in Denmark
Denmark: Gross savings was 34.3% in 2024. ▲ Rising
Gross savings in Denmark, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
In 2024, gross savings in Denmark stood at 34.3%.
Compared with earlier readings it is up 2.2% on the previous year and up 24.6% over ten years.
Over the whole period, gross savings in Denmark peaked at 35.0% in 2022 and was at its lowest, 16.3%, in 1981.
That places Denmark 29th out of 177 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Gross savings in Denmark, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1975 | 21.4% | — |
| 1976 | 21.2% | -0.8% |
| 1977 | 21.8% | +2.8% |
| 1978 | 22.1% | +1.4% |
| 1979 | 20.6% | -6.8% |
| 1980 | 18.7% | -9.1% |
| 1981 | 16.3% | -13.0% |
| 1982 | 16.3% | +0.1% |
| 1983 | 17.9% | +10.2% |
| 1984 | 19.7% | +9.6% |
| 1985 | 19.8% | +0.7% |
| 1986 | 21.0% | +6.0% |
| 1987 | 21.8% | +3.7% |
| 1988 | 21.8% | +0.2% |
| 1989 | 22.3% | +1.9% |
| 1990 | 23.4% | +5.1% |
| 1991 | 22.4% | -4.3% |
| 1992 | 22.7% | +1.6% |
| 1993 | 22.5% | -1.0% |
| 1994 | 22.2% | -1.7% |
| 1995 | 23.2% | +4.8% |
| 1996 | 23.3% | +0.6% |
| 1997 | 24.2% | +3.8% |
| 1998 | 23.8% | -2.0% |
| 1999 | 24.5% | +3.2% |
| 2000 | 25.5% | +4.0% |
| 2001 | 26.2% | +3.0% |
| 2002 | 25.5% | -2.9% |
| 2003 | 25.4% | -0.4% |
| 2004 | 25.7% | +1.3% |
| 2005 | 26.0% | +1.1% |
| 2006 | 27.1% | +4.3% |
| 2007 | 26.4% | -2.6% |
| 2008 | 26.6% | +0.7% |
| 2009 | 22.4% | -15.8% |
| 2010 | 23.8% | +6.4% |
| 2011 | 24.8% | +4.1% |
| 2012 | 24.7% | -0.4% |
| 2013 | 25.9% | +4.8% |
| 2014 | 27.5% | +6.3% |
| 2015 | 27.6% | +0.4% |
| 2016 | 28.1% | +1.5% |
| 2017 | 28.6% | +2.1% |
| 2018 | 28.1% | -2.1% |
| 2019 | 28.5% | +1.6% |
| 2020 | 29.0% | +1.9% |
| 2021 | 31.3% | +7.6% |
| 2022 | 35.0% | +11.9% |
| 2023 | 33.6% | -4.1% |
| 2024 | 34.3% | +2.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.4% | 20.6% | 22.1% | 5 |
| 1980s | 19.6% | 16.3% | 22.3% | 10 |
| 1990s | 23.2% | 22.2% | 24.5% | 10 |
| 2000s | 25.7% | 22.4% | 27.1% | 10 |
| 2010s | 26.8% | 23.8% | 28.6% | 10 |
| 2020s | 32.6% | 29.0% | 35.0% | 5 |
Countries ranked near Denmark
- 26 Republic of Korea 35.0% compare
- 27 Panama 34.9% compare
- 28 Mauritania 34.8% compare
- 30 Papua New Guinea 33.6% compare
- 31 Bangladesh 33.0% compare
- 32 Botswana 32.6% compare
More economy & growth data for Denmark
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.9574 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.4 Percent per annum (2029)
- Services, value added (constant LCU), per capita 276,002 constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 1.67 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 9.02 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8867 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 68,250 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.7 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 5.87 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 451,943 current LCU per person (2025)
Frequently asked questions
- What is gross savings in Denmark?
- Gross savings in Denmark was 34.3% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Denmark?
- The highest recorded value was 35.0% in 2022.
- What is the lowest gross savings recorded in Denmark?
- The lowest recorded value was 16.3% in 1981.
- How does Denmark rank for gross savings?
- Denmark ranks 29th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Denmark?
- Over the last ten years it is up 24.6%. The long-run trend across the full record is rising.
- Where does this Denmark data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GNI). 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 National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.