Gross savings in IDA total
IDA total: Gross savings was 23.4% in 2024. ▲ Rising
Gross savings in IDA total, 1986–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
IDA total recorded 23.4% for gross savings in 2024.
Compared with earlier readings it is up 0.2% on the previous year and up 11.9% over ten years.
Over the whole period, gross savings in IDA total peaked at 24.1% in 2020 and was at its lowest, 14.8%, in 1991.
IDA total ranks 23rd of 44 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 33 years of available data.
Gross savings in IDA total, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1986 | 16.7% | — |
| 1987 | 16.0% | -4.1% |
| 1988 | 15.3% | -4.4% |
| 1989 | 15.4% | +0.5% |
| 1990 | 15.4% | +0.3% |
| 1991 | 14.8% | -3.8% |
| 1992 | 17.8% | +19.8% |
| 1993 | 17.1% | -4.0% |
| 1994 | 19.5% | +14.2% |
| 1995 | 19.0% | -2.5% |
| 1996 | 18.5% | -2.8% |
| 1997 | 19.0% | +3.0% |
| 1998 | 19.0% | -0.1% |
| 1999 | 18.8% | -1.3% |
| 2000 | 19.0% | +1.3% |
| 2001 | 19.7% | +3.5% |
| 2002 | 21.0% | +6.7% |
| 2003 | 21.3% | +1.8% |
| 2004 | 21.8% | +2.0% |
| 2005 | 19.9% | -8.6% |
| 2006 | 20.5% | +3.3% |
| 2007 | 20.0% | -2.8% |
| 2009 | 18.6% | -6.8% |
| 2015 | 20.9% | +12.2% |
| 2016 | 22.4% | +7.5% |
| 2017 | 23.0% | +2.6% |
| 2018 | 23.4% | +1.8% |
| 2019 | 23.7% | +1.1% |
| 2020 | 24.1% | +1.8% |
| 2021 | 24.0% | -0.4% |
| 2022 | 22.6% | -5.9% |
| 2023 | 23.3% | +3.1% |
| 2024 | 23.4% | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 15.8% | 15.3% | 16.7% | 4 |
| 1990s | 17.9% | 14.8% | 19.5% | 10 |
| 2000s | 20.2% | 18.6% | 21.8% | 9 |
| 2010s | 22.7% | 20.9% | 23.7% | 5 |
| 2020s | 23.5% | 22.6% | 24.1% | 5 |
Countries ranked near IDA total
More economy & growth data for IDA total
- GDP growth 4.7% (2025)
- Services, value added 1.54 trillion constant 2015 US$ (2025)
- Services, value added 4.6% (2025)
- Services, value added 48.1% (2025)
- Inflation, GDP deflator 4.3% (2025)
- Gross value added at basic prices (GVA) 3.02 trillion current US$ (2025)
- Gross value added at basic prices (GVA) 2.89 trillion constant 2015 US$ (2025)
- GDP 3.20 trillion current US$ (2025)
- GDP 3.05 trillion constant 2015 US$ (2025)
- GNI, Atlas method 3.11 trillion current US$ (2025)
Frequently asked questions
- What is gross savings in IDA total?
- Gross savings in IDA total was 23.4% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in IDA total?
- The highest recorded value was 24.1% in 2020.
- What is the lowest gross savings recorded in IDA total?
- The lowest recorded value was 14.8% in 1991.
- How does IDA total rank for gross savings?
- IDA total ranks 23rd out of 44 groups with data for 2024.
- Is gross savings rising or falling in IDA total?
- Over the last ten years it is up 11.9%. The long-run trend across the full record is rising.
- Where does this IDA total 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.