Gross savings in IDA only
IDA only: Gross savings was 26.8% in 2024. ▲ Rising
Gross savings in IDA only, 1986–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
IDA only recorded 26.8% for gross savings in 2024.
That represents a change of up 0.4% on the previous year and up 13.6% over ten years.
Over the whole period, gross savings in IDA only peaked at 28.2% in 2018 and was at its lowest, 13.0%, in 1991.
That places IDA only 17th out of 44 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 37 years of available data.
Gross savings in IDA only, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1986 | 15.0% | — |
| 1987 | 14.4% | -3.9% |
| 1988 | 14.0% | -3.1% |
| 1989 | 15.1% | +8.2% |
| 1990 | 14.5% | -4.0% |
| 1991 | 13.0% | -10.8% |
| 1994 | 19.1% | +47.5% |
| 1995 | 18.8% | -1.7% |
| 1996 | 19.4% | +3.1% |
| 1997 | 20.2% | +4.4% |
| 1998 | 19.6% | -3.1% |
| 1999 | 19.2% | -1.8% |
| 2000 | 20.1% | +4.7% |
| 2001 | 21.5% | +6.8% |
| 2002 | 22.9% | +6.5% |
| 2003 | 23.3% | +1.8% |
| 2004 | 24.5% | +5.1% |
| 2005 | 23.6% | -3.9% |
| 2006 | 23.6% | +0.1% |
| 2007 | 22.9% | -2.7% |
| 2008 | 21.8% | -4.9% |
| 2009 | 21.1% | -3.5% |
| 2010 | 22.5% | +6.9% |
| 2011 | 23.0% | +2.0% |
| 2012 | 22.7% | -1.1% |
| 2013 | 22.4% | -1.6% |
| 2014 | 23.6% | +5.6% |
| 2015 | 23.8% | +0.7% |
| 2016 | 26.4% | +11.2% |
| 2017 | 27.7% | +4.9% |
| 2018 | 28.2% | +1.7% |
| 2019 | 28.2% | -0.2% |
| 2020 | 27.7% | -1.6% |
| 2021 | 27.7% | +0.1% |
| 2022 | 26.5% | -4.4% |
| 2023 | 26.7% | +0.8% |
| 2024 | 26.8% | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 14.6% | 14.0% | 15.1% | 4 |
| 1990s | 18.0% | 13.0% | 20.2% | 8 |
| 2000s | 22.5% | 20.1% | 24.5% | 10 |
| 2010s | 24.8% | 22.4% | 28.2% | 10 |
| 2020s | 27.1% | 26.5% | 27.7% | 5 |
Countries ranked near IDA only
- 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
- 19 Zambia 36.1% compare
- 20 Indonesia 36.0% compare
More economy & growth data for IDA only
- Gross value added at basic prices (GVA) 1.48 trillion constant 2015 US$ (2025)
- Trade in services 11.1% (2024)
- Industry (including construction), value added 29.9% (2025)
- Services, value added 870.81 billion current US$ (2025)
- Services, value added 716.36 billion constant 2015 US$ (2025)
- Services, value added 4.7% (2025)
- Services, value added 45.2% (2025)
- Inflation, GDP deflator 4.6% (2025)
- Gross value added at basic prices (GVA) 1.83 trillion current US$ (2025)
- Gross domestic savings 331.41 billion current US$ (2025)
Frequently asked questions
- What is gross savings in IDA only?
- Gross savings in IDA only was 26.8% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in IDA only?
- The highest recorded value was 28.2% in 2018.
- What is the lowest gross savings recorded in IDA only?
- The lowest recorded value was 13.0% in 1991.
- How does IDA only rank for gross savings?
- IDA only ranks 17th out of 44 groups with data for 2024.
- Is gross savings rising or falling in IDA only?
- Over the last ten years it is up 13.6%. The long-run trend across the full record is rising.
- Where does this IDA only 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.