Gross savings in United States of America
United States of America: Gross savings was 16.8% in 2024. ▼ Falling
Gross savings in United States of America, 1970–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
United States of America recorded 16.8% for gross savings in 2024.
The figure is down 2.9% on the previous year and down 12.8% over ten years.
Over the whole period, gross savings in United States of America peaked at 23.7% in 1973 and was at its lowest, 13.9%, in 2009.
United States of America ranks 129th of 178 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 55 years of available data.
Gross savings in United States of America, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 21.5% | — |
| 1971 | 21.5% | -0.1% |
| 1972 | 22.1% | +2.7% |
| 1973 | 23.7% | +7.2% |
| 1974 | 22.6% | -4.7% |
| 1975 | 20.9% | -7.3% |
| 1976 | 21.5% | +2.8% |
| 1977 | 22.2% | +3.2% |
| 1978 | 23.4% | +5.6% |
| 1979 | 23.6% | +0.8% |
| 1980 | 22.3% | -5.7% |
| 1981 | 23.4% | +5.0% |
| 1982 | 21.6% | -7.7% |
| 1983 | 19.9% | -7.9% |
| 1984 | 21.9% | +10.2% |
| 1985 | 20.5% | -6.6% |
| 1986 | 19.2% | -6.2% |
| 1987 | 19.7% | +2.6% |
| 1988 | 20.6% | +4.2% |
| 1989 | 19.9% | -3.2% |
| 1990 | 19.0% | -4.8% |
| 1991 | 19.0% | +0.3% |
| 1992 | 17.9% | -5.7% |
| 1993 | 17.4% | -3.1% |
| 1994 | 18.2% | +4.5% |
| 1995 | 18.9% | +4.2% |
| 1996 | 19.7% | +4.2% |
| 1997 | 20.8% | +5.6% |
| 1998 | 21.2% | +1.9% |
| 1999 | 20.8% | -2.0% |
| 2000 | 20.5% | -1.2% |
| 2001 | 19.4% | -5.8% |
| 2002 | 18.2% | -6.1% |
| 2003 | 17.3% | -4.8% |
| 2004 | 17.6% | +1.6% |
| 2005 | 17.9% | +2.0% |
| 2006 | 18.9% | +5.1% |
| 2007 | 17.3% | -8.1% |
| 2008 | 15.1% | -12.8% |
| 2009 | 13.9% | -7.8% |
| 2010 | 15.2% | +9.4% |
| 2011 | 16.1% | +5.4% |
| 2012 | 18.0% | +11.7% |
| 2013 | 18.3% | +1.8% |
| 2014 | 19.2% | +5.3% |
| 2015 | 19.4% | +0.6% |
| 2016 | 18.4% | -5.1% |
| 2017 | 18.8% | +2.1% |
| 2018 | 19.0% | +1.4% |
| 2019 | 19.2% | +1.1% |
| 2020 | 18.3% | -4.8% |
| 2021 | 17.6% | -3.7% |
| 2022 | 18.2% | +3.1% |
| 2023 | 17.3% | -4.9% |
| 2024 | 16.8% | -2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.3% | 20.9% | 23.7% | 10 |
| 1980s | 20.9% | 19.2% | 23.4% | 10 |
| 1990s | 19.3% | 17.4% | 21.2% | 10 |
| 2000s | 17.6% | 13.9% | 20.5% | 10 |
| 2010s | 18.2% | 15.2% | 19.4% | 10 |
| 2020s | 17.6% | 16.8% | 18.3% | 5 |
Countries ranked near United States of America
More economy & growth data for United States of America
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.63 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.12 Percent per annum (2029)
- Exports of goods and services (current LCU), annual growth rate 4.62 % change on previous year (2024)
- Exports of goods and services (current LCU), per unit of GDP 0.1097 current LCU per US$ of GDP (2024)
- Exports of goods and services (current LCU), per capita 9,457 current LCU per person (2024)
- Exports of goods and services (constant 2015 US$), annual growth rate 3.64 % change on previous year (2024)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.0894 constant 2015 US$ per US$ of GDP (2024)
- Exports of goods and services (constant 2015 US$), per capita 7,704 constant 2015 US$ per person (2024)
- Gross fixed capital formation (current US$), annual growth rate 5.21 % change on previous year (2024)
- Gross fixed capital formation (current US$), per unit of GDP 0.2135 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is gross savings in United States of America?
- Gross savings in United States of America was 16.8% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in United States of America?
- The highest recorded value was 23.7% in 1973.
- What is the lowest gross savings recorded in United States of America?
- The lowest recorded value was 13.9% in 2009.
- How does United States of America rank for gross savings?
- United States of America ranks 129th out of 178 countries with data for 2024.
- Is gross savings rising or falling in United States of America?
- Over the last ten years it is down 12.8%. The long-run trend across the full record is falling.
- Where does this United States of America 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.