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Gross Savings (As % of GDP) rose 2.35% to 28.6% in Austria in 2020

Gross Savings (As % of GDP) (%), 2020
Economy | Austria | February 8, 2021
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Gross savings as a share of GDP rose 2.35% to 28.6% in Austria in 2020, according to the National Statistical Office.

Historically, gross savings as a share of GDP in Austria reached an all time high of 31.9% in 1972 and an all time low of 22.0% in 1983. When compared to Austria's main peers, gross savings as a share of GDP in Germany amounted to 27.1%, 26.7% in Hungary, 19.5% in Italy and 30.5% in Switzerland in 2020.

Austria has been ranked 23rd within the group of 161 countries we follow in terms of gross savings as a share of GDP, 31 places above the position seen 10 years ago.

Gross Savings (As % of GDP) Unit 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Austria % 28.0% 28.6% 28.2% 27.7% 27.8%
Belgium % 24.0% 24.7% 24.4% 24.3% 24.3%
Czech Republic % 26.5% 25.2% 24.9% 25.3% 26.1%
France % 23.5% 20.8% 21.4% 22.2% 22.6%
Germany % 28.5% 27.1% 28.7% 29.4% 29.6%
Hungary % 27.8% 26.7% 24.7% 25.2% 25.7%
Italy % 20.9% 19.5% 21.2% 21.9% 22.2%
Poland % 20.0% 21.2% 20.1% 19.9% 19.9%
Slovakia % 20.4% 16.5% 17.1% 17.7% 18.5%
Slovenia % 26.4% 26.4% 25.9% 26.5% 26.4%
Switzerland % 33.9% 30.5% 31.0% 31.1% 30.6%