Gross Savings (As % of GDP) fell to 16.5% in Myanmar in 2019

Gross Savings (As % of GDP) (%)
Economy | Myanmar | January 1, 2020
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Excel Sheet

Gross savings as a share of GDP reached 16.5 % in 2019 in Myanmar, according to the National Statistical Office. This is 0.597 % less than in the previous year.

Historically, gross savings as a share of GDP in Myanmar reached an all time high of 16.6 % in 2018 and an all time low of 0.169 % in 2009. When compared to Myanmar's main peers, gross savings as a share of GDP in China amounted to 44.4 %, 29.1 % in India and 32.2 % in Thailand in 2019.

Myanmar has been ranked 112th within the group of 163 countries we follow in terms of gross savings as a share of GDP, 4 places above 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
Bangladesh % 0.352% 30.5% 30.5% 31.0% 31.7%
Cambodia % 0.232% 11.2% 11.4% 11.9% 12.9%
China % 0.470% 44.9% 44.4% 43.9% 43.1%
India % 0.293% 28.5% 29.1% 29.4% 29.6%
Japan % 0.280% 28.1% 28.4% 28.8% 28.9%
Laos % 0.186% ... ... ... ... ... ...
Malaysia % 0.285% 27.2% 27.0% 27.1% 26.8%
Myanmar % 0.297% 16.6% 16.5% 16.2% 16.2%
Pakistan % 0.201% 10.5% 10.7% 9.93% 9.42%
Russia % 0.261% 27.3% 27.8% 27.3% 27.1%
Sri Lanka % 0.340% 33.9% 34.6% 35.0% 35.0%
Thailand % 0.318% 32.5% 32.2% 32.0% 31.9%
USA % 0.190% 18.8% 18.7% 19.0% 18.9%
Vietnam % 0.244% 29.6% 30.3% 31.1% 32.2%