Gross Savings (As % of GDP) fell to 14.1% in Costa Rica in 2019

Gross Savings (As % of GDP) (%)
Economy | Costa Rica | January 1, 2020
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Gross savings as a share of GDP reached 14.1 % in 2019 in Costa Rica, according to the National Statistical Office. This is 2.04 % less than in the previous year.

Historically, gross savings as a share of GDP in Costa Rica reached an all time high of 14.4 % in 2018 and an all time low of 0.116 % in 1979. When compared to Costa Rica's main peers, gross savings as a share of GDP in Guatemala amounted to 12.5 %, 20.4 % in Honduras, 20.7 % in Nicaragua and 36.5 % in Panama in 2019.

Costa Rica has been ranked 128th within the group of 163 countries we follow in terms of gross savings as a share of GDP, 4 places behind the position seen 10 years ago.

Gross savings are calculated as gross national income less total consumption, plus net transfers.

Gross Savings (As % of GDP) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Belize % 0.096% 15.2% 16.7% 16.2% 16.0%
Colombia % 0.164% 19.1% 20.3% 19.4% 19.6%
Costa Rica % 0.142% 14.4% 14.1% 13.9% 13.4%
El Salvador % 0.143% 12.1% 12.0% 11.8% 11.7%
Guatemala % 0.141% 13.1% 12.5% 12.2% 11.9%
Honduras % 0.209% 20.9% 20.4% 19.8% 19.4%
Mexico % 0.229% 21.2% 20.8% 20.7% 20.7%
Nicaragua % 0.239% 21.8% 20.7% 21.0% 21.0%
Panama % 0.291% 36.5% 36.5% 37.1% 36.9%
USA % 0.190% 18.8% 18.7% 19.0% 18.9%