Gross savings in OECD members
OECD members: Gross savings was 21.6% in 2024. ▬ Flat
Gross savings in OECD members, 1971–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
In 2024, gross savings in OECD members stood at 21.6%.
That represents a change of down 1.4% on the previous year and down 1.7% over ten years.
Over the whole period, gross savings in OECD members peaked at 24.6% in 1997 and was at its lowest, 19.4%, in 2009.
OECD members ranks 29th of 44 groups on this measure, in the middle of the range.
Gross savings in OECD members, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1971 | 22.8% | — |
| 1972 | 22.9% | +0.6% |
| 1973 | 24.1% | +5.2% |
| 1974 | 23.2% | -3.6% |
| 1975 | 22.0% | -5.2% |
| 1976 | 22.6% | +2.5% |
| 1977 | 22.9% | +1.5% |
| 1978 | 23.7% | +3.3% |
| 1979 | 23.7% | +0.2% |
| 1980 | 22.7% | -4.5% |
| 1981 | 22.5% | -0.7% |
| 1982 | 21.5% | -4.6% |
| 1983 | 20.8% | -2.9% |
| 1984 | 22.2% | +6.4% |
| 1985 | 21.5% | -3.0% |
| 1986 | 21.1% | -2.0% |
| 1987 | 21.3% | +1.1% |
| 1988 | 22.1% | +3.9% |
| 1989 | 22.0% | -0.7% |
| 1990 | 21.6% | -1.8% |
| 1991 | 20.6% | -4.6% |
| 1992 | 19.5% | -5.2% |
| 1996 | 24.4% | +25.2% |
| 1997 | 24.6% | +0.7% |
| 1998 | 24.3% | -1.4% |
| 1999 | 23.6% | -2.7% |
| 2000 | 23.7% | +0.6% |
| 2001 | 22.7% | -4.3% |
| 2002 | 21.8% | -4.0% |
| 2003 | 21.5% | -1.7% |
| 2004 | 22.0% | +2.5% |
| 2005 | 22.2% | +0.8% |
| 2006 | 22.8% | +2.8% |
| 2007 | 22.5% | -1.3% |
| 2008 | 21.3% | -5.5% |
| 2009 | 19.4% | -8.8% |
| 2010 | 20.3% | +4.9% |
| 2011 | 21.0% | +3.1% |
| 2012 | 21.3% | +1.7% |
| 2013 | 21.4% | +0.3% |
| 2014 | 22.0% | +2.8% |
| 2015 | 22.3% | +1.3% |
| 2016 | 22.1% | -0.7% |
| 2017 | 22.6% | +2.3% |
| 2018 | 22.8% | +1.0% |
| 2019 | 23.0% | +0.5% |
| 2020 | 22.4% | -2.6% |
| 2021 | 23.0% | +3.1% |
| 2022 | 22.5% | -2.3% |
| 2023 | 21.9% | -2.7% |
| 2024 | 21.6% | -1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 23.1% | 22.0% | 24.1% | 9 |
| 1980s | 21.8% | 20.8% | 22.7% | 10 |
| 1990s | 22.6% | 19.5% | 24.6% | 7 |
| 2000s | 22.0% | 19.4% | 23.7% | 10 |
| 2010s | 21.9% | 20.3% | 23.0% | 10 |
| 2020s | 22.3% | 21.6% | 23.0% | 5 |
Countries ranked near OECD members
- 26 South Korea 35.0% compare
- 27 Panama 34.9% compare
- 28 Mauritania 34.8% compare
- 29 Denmark 34.3% compare
- 30 Papua New Guinea 33.6% compare
- 31 Bangladesh 33.0% compare
- 32 Botswana 32.6% compare
More economy & growth data for OECD members
- Services, value added 41.66 trillion current US$ (2021)
- Manufacturing, value added 7.62 trillion current US$ (2022)
- Manufacturing, value added 7.62 trillion constant 2015 US$ (2024)
- Manufacturing, value added 12.4% (2022)
- Trade in services 14.9% (2025)
- Industry (including construction), value added 11.64 trillion constant 2015 US$ (2024)
- Industry (including construction), value added -0.8% (2024)
- Industry (including construction), value added 21.2% (2022)
- GDP growth 1.8% (2025)
- GDP 57.86 trillion constant 2015 US$ (2025)
Frequently asked questions
- What is gross savings in OECD members?
- Gross savings in OECD members was 21.6% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in OECD members?
- The highest recorded value was 24.6% in 1997.
- What is the lowest gross savings recorded in OECD members?
- The lowest recorded value was 19.4% in 2009.
- How does OECD members rank for gross savings?
- OECD members ranks 29th out of 44 groups with data for 2024.
- Is gross savings rising or falling in OECD members?
- Over the last ten years it is down 1.7%. The long-run trend across the full record is flat.
- Where does this OECD members 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.