Among the ten largest economies worldwide, China was by far the one with the highest savings rate in 2021. Meanwhile, gross savings in the United States amounted to slightly over 18 percent of its gross domestic product (GDP). Within this group of countries, the United Kingdom was the one with the lowest savings rate at nearly 16 percent. The rest of the countries in the list saved between 17 and 31 of their GDP.
Gross savings as share of gross domestic product (GDP) in selected countries worldwide from 1970 to 2021
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) in selected countries worldwide from 1970 to 2021 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1390200/gross-savings-as-share-of-gdp-in-selected-countries-worldwide/
World Bank. "Gross savings as share of gross domestic product (GDP) in selected countries worldwide from 1970 to 2021." Chart. May 30, 2023. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1390200/gross-savings-as-share-of-gdp-in-selected-countries-worldwide/
World Bank. (2023). Gross savings as share of gross domestic product (GDP) in selected countries worldwide from 1970 to 2021. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1390200/gross-savings-as-share-of-gdp-in-selected-countries-worldwide/
World Bank. "Gross Savings as Share of Gross Domestic Product (Gdp) in Selected Countries Worldwide from 1970 to 2021." Statista, Statista Inc., 30 May 2023, https://www.statista.com/statistics/1390200/gross-savings-as-share-of-gdp-in-selected-countries-worldwide/
World Bank, Gross savings as share of gross domestic product (GDP) in selected countries worldwide from 1970 to 2021 Statista, https://www.statista.com/statistics/1390200/gross-savings-as-share-of-gdp-in-selected-countries-worldwide/ (last visited November 22, 2024)
Gross savings as share of gross domestic product (GDP) in selected countries worldwide from 1970 to 2021 [Graph], World Bank, May 30, 2023. [Online]. Available: https://www.statista.com/statistics/1390200/gross-savings-as-share-of-gdp-in-selected-countries-worldwide/
