Qatar, Singapore, and Norway were among the countries with the highest gross savings rate in 2021, which was between 40 and 52 percent. Gross savings in the United States amounted to over 18 percent of its gross domestic product (GDP). There were also several countries with negative savings rates, which means that the gross national income was lower than the total consumption in those territories.
Gross savings as share of gross domestic product (GDP) worldwide in 2021, by country and territories
The gross savings were calculated as the the country's gross national income minus the overall consumption, adding the value of net transfers, which can either be negative or positive.
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World Bank. (May 30, 2023). Gross savings as share of gross domestic product (GDP) worldwide in 2021, by country and territories [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1351078/gross-savings-as-share-of-gdp-worldwide-by-country-territory/
World Bank. "Gross savings as share of gross domestic product (GDP) worldwide in 2021, by country and territories." Chart. May 30, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1351078/gross-savings-as-share-of-gdp-worldwide-by-country-territory/
World Bank. (2023). Gross savings as share of gross domestic product (GDP) worldwide in 2021, by country and territories. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1351078/gross-savings-as-share-of-gdp-worldwide-by-country-territory/
World Bank. "Gross Savings as Share of Gross Domestic Product (Gdp) Worldwide in 2021, by Country and Territories." Statista, Statista Inc., 30 May 2023, https://www.statista.com/statistics/1351078/gross-savings-as-share-of-gdp-worldwide-by-country-territory/
World Bank, Gross savings as share of gross domestic product (GDP) worldwide in 2021, by country and territories Statista, https://www.statista.com/statistics/1351078/gross-savings-as-share-of-gdp-worldwide-by-country-territory/ (last visited November 22, 2024)
Gross savings as share of gross domestic product (GDP) worldwide in 2021, by country and territories [Graph], World Bank, May 30, 2023. [Online]. Available: https://www.statista.com/statistics/1351078/gross-savings-as-share-of-gdp-worldwide-by-country-territory/
