Gross savings in Low & middle income
Low & middle income: Gross savings was 34.3% in 2024. ▲ Rising
Gross savings in Low & middle income, 1979–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
Low & middle income recorded 34.3% for gross savings in 2024.
The figure is down 0.6% on the previous year and up 0.2% over ten years.
Over the whole period, gross savings in Low & middle income peaked at 36.2% in 2022 and was at its lowest, 21.9%, in 1982.
That places Low & middle income 9th out of 46 groups with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 46 years of available data.
Gross savings in Low & middle income, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1979 | 22.5% | — |
| 1980 | 22.4% | -0.7% |
| 1981 | 22.2% | -0.6% |
| 1982 | 21.9% | -1.2% |
| 1983 | 22.2% | +1.1% |
| 1984 | 23.3% | +5.0% |
| 1985 | 24.6% | +5.7% |
| 1986 | 22.5% | -8.6% |
| 1987 | 23.4% | +4.0% |
| 1988 | 24.5% | +4.6% |
| 1989 | 25.8% | +5.3% |
| 1990 | 23.4% | -9.5% |
| 1991 | 24.6% | +5.3% |
| 1992 | 25.3% | +2.8% |
| 1993 | 25.9% | +2.4% |
| 1994 | 26.5% | +2.2% |
| 1995 | 26.4% | -0.2% |
| 1996 | 26.3% | -0.5% |
| 1997 | 26.3% | +0.1% |
| 1998 | 26.0% | -1.1% |
| 1999 | 26.2% | +0.4% |
| 2000 | 26.6% | +1.8% |
| 2001 | 27.3% | +2.6% |
| 2002 | 28.5% | +4.2% |
| 2003 | 29.6% | +4.0% |
| 2004 | 31.5% | +6.6% |
| 2005 | 32.2% | +2.0% |
| 2006 | 34.0% | +5.8% |
| 2007 | 34.9% | +2.7% |
| 2008 | 36.0% | +3.2% |
| 2009 | 35.1% | -2.6% |
| 2010 | 36.1% | +2.7% |
| 2011 | 35.4% | -1.9% |
| 2012 | 34.3% | -3.2% |
| 2013 | 33.9% | -1.1% |
| 2014 | 34.2% | +0.8% |
| 2015 | 33.7% | -1.5% |
| 2016 | 33.2% | -1.4% |
| 2017 | 33.8% | +1.7% |
| 2018 | 34.3% | +1.7% |
| 2019 | 33.9% | -1.4% |
| 2020 | 34.4% | +1.6% |
| 2021 | 36.1% | +4.8% |
| 2022 | 36.2% | +0.3% |
| 2023 | 34.5% | -4.7% |
| 2024 | 34.3% | -0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.5% | 22.5% | 22.5% | 1 |
| 1980s | 23.3% | 21.9% | 25.8% | 10 |
| 1990s | 25.7% | 23.4% | 26.5% | 10 |
| 2000s | 31.6% | 26.6% | 36.0% | 10 |
| 2010s | 34.3% | 33.2% | 36.1% | 10 |
| 2020s | 35.1% | 34.3% | 36.2% | 5 |
Countries ranked near Low & middle income
More economy & growth data for Low & middle income
- Imports of goods and services 24.3% (2025)
- Gross fixed capital formation 32.0% (2024)
- Gross capital formation 13.11 trillion current US$ (2024)
- Gross capital formation 12.48 trillion constant 2015 US$ (2025)
- Gross capital formation 2.7% (2025)
- Gross capital formation 33.2% (2024)
- Imports of goods and services 10.10 trillion current US$ (2025)
- Gross domestic savings (current US$), per capita 1,894 current US$ per person (2024)
- Agriculture, forestry, and fishing, value added 3.4% (2025)
- Agriculture, forestry, and fishing, value added 3.45 trillion constant 2015 US$ (2025)
Frequently asked questions
- What is gross savings in Low & middle income?
- Gross savings in Low & middle income was 34.3% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Low & middle income?
- The highest recorded value was 36.2% in 2022.
- What is the lowest gross savings recorded in Low & middle income?
- The lowest recorded value was 21.9% in 1982.
- How does Low & middle income rank for gross savings?
- Low & middle income ranks 9th out of 46 groups with data for 2024.
- Is gross savings rising or falling in Low & middle income?
- Over the last ten years it is up 0.2%. The long-run trend across the full record is rising.
- Where does this Low & middle 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.