Gross Savings (As % of GDP) rose 9.00% to 23.6% in the European Union in 2020

Gross Savings (As % of GDP) (%), 2020
Economy | European Union | January 1, 2021
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Excel Sheet

Gross savings as a share of GDP rose 9.00% to 23.6% in the European Union in 2020, according to the National Statistical Office.

Historically, gross savings as a share of GDP in the European Union reached an all time high of 23.6% in 2020 and an all time low of 0.203% in 1982. When compared to European Union's main peers, gross savings as a share of GDP in China amounted to 43.9%, 28.8% in Japan, 27.3% in Russia and 19.0% in USA in 2020.

European Union has been ranked th within the group of 161 countries we follow in terms of gross savings as a share of GDP.

Gross Savings (As % of GDP) Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Canada % 0.200% 0.197% 0.199% 21.9% 22.1%
China % 0.450% 0.444% 0.442% 43.9% 43.1%
European Union % 0.245% 0.247% 0.250% 23.6% 23.7%
Germany % 0.284% 0.287% 0.285% 28.8% 28.9%
India % 0.314% 0.311% 0.291% 29.4% 29.6%
Japan % 0.281% 0.278% 28.4% 28.8% 28.9%
Mexico % 0.232% 0.237% 0.237% 20.7% 20.7%
Russia % 0.257% 0.300% 0.276% 27.3% 27.1%
South Korea % 0.370% 0.359% 0.348% 35.2% 34.8%
USA % 0.186% 0.186% 0.187% 19.0% 18.9%