Gross savings in Singapore
Singapore: Gross savings was 48.1% in 2025. ▲ Rising
Gross savings in Singapore, 1972–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
Singapore recorded 48.1% for gross savings in 2025.
That represents a change of down 1.7% on the previous year and up 1.8% over ten years.
Over the whole period, gross savings in Singapore peaked at 52.0% in 2021 and was at its lowest, 25.9%, in 1973.
That places Singapore 4th out of 177 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 54 years of available data.
Gross savings in Singapore, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1972 | 26.4% | — |
| 1973 | 25.9% | -1.7% |
| 1974 | 26.6% | +2.5% |
| 1975 | 29.4% | +10.6% |
| 1976 | 30.2% | +2.9% |
| 1977 | 30.5% | +1.0% |
| 1978 | 32.5% | +6.5% |
| 1979 | 35.6% | +9.4% |
| 1980 | 35.7% | +0.2% |
| 1981 | 38.0% | +6.7% |
| 1982 | 39.2% | +3.0% |
| 1983 | 42.8% | +9.1% |
| 1984 | 44.4% | +3.7% |
| 1985 | 41.2% | -7.1% |
| 1986 | 39.8% | -3.5% |
| 1987 | 38.9% | -2.3% |
| 1988 | 41.9% | +7.9% |
| 1989 | 43.0% | +2.6% |
| 1990 | 44.2% | +2.7% |
| 1991 | 45.7% | +3.4% |
| 1992 | 47.0% | +2.8% |
| 1993 | 45.3% | -3.5% |
| 1994 | 48.0% | +6.0% |
| 1995 | 50.2% | +4.6% |
| 1996 | 49.2% | -2.0% |
| 1997 | 51.3% | +4.2% |
| 1998 | 50.6% | -1.3% |
| 1999 | 48.4% | -4.4% |
| 2000 | 46.7% | -3.5% |
| 2001 | 40.4% | -13.5% |
| 2002 | 39.2% | -2.8% |
| 2003 | 40.5% | +3.2% |
| 2004 | 43.2% | +6.8% |
| 2005 | 46.2% | +7.0% |
| 2006 | 49.5% | +7.1% |
| 2007 | 51.3% | +3.7% |
| 2008 | 46.1% | -10.3% |
| 2009 | 46.3% | +0.5% |
| 2010 | 51.1% | +10.6% |
| 2011 | 50.5% | -1.2% |
| 2012 | 49.5% | -2.2% |
| 2013 | 48.1% | -2.7% |
| 2014 | 49.0% | +1.9% |
| 2015 | 47.3% | -3.5% |
| 2016 | 48.1% | +1.7% |
| 2017 | 49.8% | +3.7% |
| 2018 | 47.4% | -5.0% |
| 2019 | 45.5% | -4.0% |
| 2020 | 48.0% | +5.7% |
| 2021 | 52.0% | +8.3% |
| 2022 | 52.0% | -0.0% |
| 2023 | 47.0% | -9.6% |
| 2024 | 48.9% | +4.1% |
| 2025 | 48.1% | -1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29.6% | 25.9% | 35.6% | 8 |
| 1980s | 40.5% | 35.7% | 44.4% | 10 |
| 1990s | 48.0% | 44.2% | 51.3% | 10 |
| 2000s | 44.9% | 39.2% | 51.3% | 10 |
| 2010s | 48.6% | 45.5% | 51.1% | 10 |
| 2020s | 49.3% | 47.0% | 52.0% | 6 |
Countries ranked near Singapore
More economy & growth data for Singapore
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.99 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.5 Percent per annum (2029)
- Manufacturing, value added (constant LCU), per capita 20,462 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.41 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2267 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 22,402 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 9.01 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 0.2964 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 29,290 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 7.58 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Singapore?
- Gross savings in Singapore was 48.1% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Singapore?
- The highest recorded value was 52.0% in 2021.
- What is the lowest gross savings recorded in Singapore?
- The lowest recorded value was 25.9% in 1973.
- How does Singapore rank for gross savings?
- Singapore ranks 4th out of 177 countries with data for 2025.
- Is gross savings rising or falling in Singapore?
- Over the last ten years it is up 1.8%. The long-run trend across the full record is rising.
- Where does this Singapore 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.