Gross savings in Europe & Central Asia (excluding high income)
Europe & Central Asia (excluding high income): Gross savings was 27.5% in 2024. ▼ Falling
Gross savings in Europe & Central Asia (excluding high income), 1974–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
The most recent figure for gross savings in Europe & Central Asia (excluding high income) is 27.5%, measured in 2024.
Compared with earlier readings it is down 3.1% on the previous year and up 6.0% over ten years.
Over the whole period, gross savings in Europe & Central Asia (excluding high income) peaked at 39.1% in 1986 and was at its lowest, 21.5%, in 1999.
Europe & Central Asia (excluding high income) ranks 15th of 46 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 46 years of available data.
Gross savings in Europe & Central Asia (excluding high income), year by year
| Year | % of GNI | Change |
|---|---|---|
| 1974 | 32.3% | — |
| 1975 | 32.9% | +1.9% |
| 1976 | 34.3% | +4.2% |
| 1977 | 32.1% | -6.4% |
| 1978 | 31.1% | -3.0% |
| 1979 | 34.1% | +9.4% |
| 1980 | 29.3% | -14.0% |
| 1981 | 33.2% | +13.2% |
| 1982 | 32.6% | -1.7% |
| 1983 | 29.5% | -9.5% |
| 1984 | 30.1% | +2.0% |
| 1985 | 35.4% | +17.8% |
| 1986 | 39.1% | +10.2% |
| 1987 | 24.8% | -36.5% |
| 1988 | 29.1% | +17.4% |
| 1994 | 22.0% | -24.4% |
| 1995 | 26.4% | +19.9% |
| 1996 | 26.2% | -0.6% |
| 1997 | 24.8% | -5.5% |
| 1998 | 24.5% | -1.2% |
| 1999 | 21.5% | -12.3% |
| 2000 | 21.8% | +1.7% |
| 2001 | 23.2% | +6.4% |
| 2002 | 23.5% | +1.3% |
| 2003 | 22.3% | -5.0% |
| 2004 | 24.0% | +7.4% |
| 2005 | 25.4% | +5.8% |
| 2006 | 26.6% | +4.9% |
| 2007 | 25.6% | -3.9% |
| 2008 | 26.0% | +1.4% |
| 2009 | 23.4% | -10.0% |
| 2010 | 24.4% | +4.5% |
| 2011 | 25.4% | +3.9% |
| 2012 | 25.2% | -0.5% |
| 2013 | 25.0% | -0.9% |
| 2014 | 25.9% | +3.6% |
| 2015 | 26.5% | +2.2% |
| 2016 | 25.5% | -4.0% |
| 2017 | 27.1% | +6.6% |
| 2018 | 28.4% | +4.6% |
| 2019 | 27.0% | -5.0% |
| 2020 | 26.6% | -1.4% |
| 2021 | 28.9% | +8.6% |
| 2022 | 30.6% | +6.0% |
| 2023 | 28.4% | -7.3% |
| 2024 | 27.5% | -3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 32.8% | 31.1% | 34.3% | 6 |
| 1980s | 31.5% | 24.8% | 39.1% | 9 |
| 1990s | 24.2% | 21.5% | 26.4% | 6 |
| 2000s | 24.2% | 21.8% | 26.6% | 10 |
| 2010s | 26.0% | 24.4% | 28.4% | 10 |
| 2020s | 28.4% | 26.6% | 30.6% | 5 |
Countries ranked near Europe & Central Asia (excluding high income)
- 12 Algeria 40.2% compare
- 13 Cambodia 39.9% compare
- 14 Viet Nam 38.3% compare
- 15 Iran, Islamic Republic of 37.9% compare
- 16 Tanzania, United Republic of 37.4% compare
- 17 Switzerland 37.0% compare
- 18 Kuwait 36.6% compare
More economy & growth data for Europe & Central Asia (excluding high income)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0062 BoP, current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 1.77 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 1,786 current US$ per person (2025)
- General government final consumption expenditure (current US$), per 0.1606 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$) 15.06 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 68.56 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 20.44 BoP, current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), gaps 5.18 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0018 BoP, current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 16.87 % change on previous year (2025)
All data for Europe & Central Asia (excluding high income) →
Frequently asked questions
- What is gross savings in Europe & Central Asia (excluding high income)?
- Gross savings in Europe & Central Asia (excluding high income) was 27.5% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Europe & Central Asia (excluding high income)?
- The highest recorded value was 39.1% in 1986.
- What is the lowest gross savings recorded in Europe & Central Asia (excluding high income)?
- The lowest recorded value was 21.5% in 1999.
- How does Europe & Central Asia (excluding high income) rank for gross savings?
- Europe & Central Asia (excluding high income) ranks 15th out of 46 groups with data for 2024.
- Is gross savings rising or falling in Europe & Central Asia (excluding high income)?
- Over the last ten years it is up 6.0%. The long-run trend across the full record is falling.
- Where does this Europe & Central Asia (excluding high income) 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.
Download this data
CSV · JSON — 46 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 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.