Gross savings in Portugal
Portugal: Gross savings was 22.4% in 2024. ▼ Falling
Gross savings in Portugal, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
Portugal recorded 22.4% for gross savings in 2024.
The figure is up 5.7% on the previous year and up 45.8% over ten years.
Over the whole period, gross savings in Portugal peaked at 29.5% in 1989 and was at its lowest, 11.0%, in 2010.
That places Portugal 92nd out of 178 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 50 years of available data.
Gross savings in Portugal, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1975 | 16.2% | — |
| 1976 | 18.2% | +12.1% |
| 1977 | 21.2% | +16.9% |
| 1978 | 26.4% | +24.2% |
| 1979 | 29.1% | +10.4% |
| 1980 | 28.0% | -3.9% |
| 1981 | 23.9% | -14.4% |
| 1982 | 22.7% | -5.3% |
| 1983 | 22.0% | -2.9% |
| 1984 | 20.7% | -6.0% |
| 1985 | 23.3% | +12.8% |
| 1986 | 27.2% | +16.5% |
| 1987 | 29.2% | +7.5% |
| 1988 | 29.3% | +0.1% |
| 1989 | 29.5% | +0.8% |
| 1990 | 28.0% | -5.0% |
| 1991 | 25.2% | -10.1% |
| 1992 | 25.1% | -0.2% |
| 1993 | 22.6% | -10.1% |
| 1994 | 21.6% | -4.5% |
| 1995 | 24.4% | +13.2% |
| 1996 | 21.4% | -12.6% |
| 1997 | 21.7% | +1.4% |
| 1998 | 22.2% | +2.6% |
| 1999 | 20.4% | -8.4% |
| 2000 | 18.2% | -10.4% |
| 2001 | 18.4% | +1.1% |
| 2002 | 17.6% | -4.4% |
| 2003 | 16.6% | -6.0% |
| 2004 | 15.7% | -5.1% |
| 2005 | 13.9% | -11.8% |
| 2006 | 13.2% | -5.2% |
| 2007 | 13.8% | +5.1% |
| 2008 | 11.8% | -14.6% |
| 2009 | 11.3% | -4.0% |
| 2010 | 11.0% | -2.7% |
| 2011 | 13.5% | +22.2% |
| 2012 | 14.3% | +5.8% |
| 2013 | 15.8% | +10.6% |
| 2014 | 15.4% | -2.6% |
| 2015 | 16.3% | +6.1% |
| 2016 | 17.1% | +4.9% |
| 2017 | 18.8% | +10.0% |
| 2018 | 19.2% | +2.1% |
| 2019 | 19.4% | +1.0% |
| 2020 | 18.6% | -4.0% |
| 2021 | 20.0% | +7.4% |
| 2022 | 19.2% | -4.0% |
| 2023 | 21.2% | +10.3% |
| 2024 | 22.4% | +5.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.2% | 16.2% | 29.1% | 5 |
| 1980s | 25.6% | 20.7% | 29.5% | 10 |
| 1990s | 23.3% | 20.4% | 28.0% | 10 |
| 2000s | 15.1% | 11.3% | 18.4% | 10 |
| 2010s | 16.1% | 11.0% | 19.4% | 10 |
| 2020s | 20.3% | 18.6% | 22.4% | 5 |
Countries ranked near Portugal
More economy & growth data for Portugal
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.18 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 1.9 Percent per annum (2029)
- Gross capital formation (constant 2015 US$), annual growth rate 5.75 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1447 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 4,641 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 7.74 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.4274 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 13,712 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 3.2 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 0.3782 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Portugal?
- Gross savings in Portugal was 22.4% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Portugal?
- The highest recorded value was 29.5% in 1989.
- What is the lowest gross savings recorded in Portugal?
- The lowest recorded value was 11.0% in 2010.
- How does Portugal rank for gross savings?
- Portugal ranks 92nd out of 178 countries with data for 2024.
- Is gross savings rising or falling in Portugal?
- Over the last ten years it is up 45.8%. The long-run trend across the full record is falling.
- Where does this Portugal 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.