Gross savings in Low income
Low income: Gross savings was 20.3% in 2024. ▬ Flat
Gross savings in Low income, 2005–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
In 2024, gross savings in Low income stood at 20.3%.
That represents a change of up 0.8% on the previous year and up 9.3% over ten years.
Over the whole period, gross savings in Low income peaked at 22.4% in 2007 and was at its lowest, 14.9%, in 2015.
That places Low income 35th out of 46 groups with data for 2024, putting it in the bottom quarter.
Gross savings in Low income, year by year
| Year | % of GNI | Change |
|---|---|---|
| 2005 | 21.7% | — |
| 2006 | 21.8% | +0.6% |
| 2007 | 22.4% | +2.5% |
| 2008 | 20.1% | -10.1% |
| 2009 | 15.4% | -23.5% |
| 2010 | 18.9% | +22.5% |
| 2012 | 17.7% | -6.2% |
| 2013 | 16.4% | -7.5% |
| 2014 | 18.5% | +13.3% |
| 2015 | 14.9% | -19.8% |
| 2016 | 18.1% | +21.7% |
| 2017 | 19.4% | +7.4% |
| 2018 | 21.1% | +8.4% |
| 2019 | 20.1% | -4.4% |
| 2020 | 18.2% | -9.7% |
| 2021 | 20.2% | +11.0% |
| 2022 | 19.0% | -5.7% |
| 2023 | 20.1% | +5.6% |
| 2024 | 20.3% | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.3% | 15.4% | 22.4% | 5 |
| 2010s | 18.3% | 14.9% | 21.1% | 9 |
| 2020s | 19.5% | 18.2% | 20.3% | 5 |
Countries ranked near Low income
More economy & growth data for Low income
- Trade 47.6% (2025)
- Gross capital formation 20.7% (2025)
- Imports of goods and services 217.97 billion current US$ (2025)
- Imports of goods and services 205.92 billion constant 2015 US$ (2025)
- Imports of goods and services 5.7% (2025)
- Imports of goods and services 33.9% (2025)
- External balance on goods and services -10.3% (2025)
- Manufacturing, value added 59.60 billion constant 2015 US$ (2025)
- Gross domestic savings (current US$), annual growth rate 29.89 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added 5.1% (2025)
Frequently asked questions
- What is gross savings in Low income?
- Gross savings in Low income was 20.3% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Low income?
- The highest recorded value was 22.4% in 2007.
- What is the lowest gross savings recorded in Low income?
- The lowest recorded value was 14.9% in 2015.
- How does Low income rank for gross savings?
- Low income ranks 35th out of 46 groups with data for 2024.
- Is gross savings rising or falling in Low income?
- Over the last ten years it is up 9.3%. The long-run trend across the full record is flat.
- Where does this Low 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.
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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.