Gross Savings (As % of GDP) fell to 22.8% in Croatia in 2019

Gross Savings (As % of GDP) (%)
Economy | Croatia | January 1, 2020
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Gross savings as a share of GDP reached 22.8 % in 2019 in Croatia, according to the National Statistical Office. This is 1.41 % less than in the previous year.

Historically, gross savings as a share of GDP in Croatia reached an all time high of 23.2 % in 2018 and an all time low of 0.120 % in 1995. When compared to Croatia's main peers, gross savings as a share of GDP in Bosnia and Herzegovina amounted to 12.4 %, 12.4 % in Montenegro, 16.0 % in Serbia and 26.3 % in Slovenia in 2019.

Croatia has been ranked 70th within the group of 163 countries we follow in terms of gross savings as a share of GDP, 19 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
Albania % 0.168% 14.6% 15.1% 15.8% 16.5%
Austria % 0.274% 27.9% 27.7% 27.9% 27.8%
Bosnia and Herzegovina % 0.129% 11.3% 12.4% 13.9% 14.5%
Croatia % 0.250% 23.2% 22.8% 22.0% 21.4%
Hungary % 0.259% 25.6% 25.5% 25.3% 25.4%
Italy % 0.203% 20.1% 19.9% 19.7% 19.5%
Montenegro % 0.123% 13.5% 12.4% 11.7% 13.3%
Romania % 0.211% 20.9% 19.5% 19.5% 19.3%
Serbia % 0.148% 15.7% 16.0% 16.5% 16.7%
Slovenia % 0.259% 26.6% 26.3% 26.4% 26.3%