Gross Savings (As % of GDP) rose to 16.0% in Serbia in 2019

Gross Savings (As % of GDP) (%)
Economy | Serbia | January 01, 2020
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Gross savings as a share of GDP reached 16.0 % in 2019 in Serbia, according to the National Statistical Office. This is 2.04 % more than in the previous year.

Historically, gross savings as a share of GDP in Serbia reached an all time high of 21.3 % in 2001 and an all time low of 0.101 % in 2008. When compared to Serbia's main peers, gross savings as a share of GDP in Bosnia and Herzegovina amounted to 12.4 %, 22.8 % in Croatia, 25.5 % in Hungary and 19.5 % in Romania in 2019.

Serbia has been ranked 114th within the group of 163 countries we follow in terms of gross savings as a share of GDP, 25 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
Austria % 0.274% 27.9% 27.7% 27.9% 27.8%
Bosnia and Herzegovina % 0.129% 11.3% 12.4% 13.9% 14.5%
Bulgaria % 0.286% 23.9% 23.1% 22.4% 21.6%
Croatia % 0.250% 23.2% 22.8% 22.0% 21.4%
Czech Republic % 0.263% 26.2% 25.7% 25.5% 25.3%
Hungary % 0.259% 25.6% 25.5% 25.3% 25.4%
Italy % 0.203% 20.1% 19.9% 19.7% 19.5%
Moldova % 13.5% 12.3% 14.1% 13.9% 13.6%
Montenegro % 0.123% 13.5% 12.4% 11.7% 13.3%
Poland % 0.197% 20.7% 20.8% 20.6% 20.6%
Romania % 0.211% 20.9% 19.5% 19.5% 19.3%
Serbia % 0.148% 15.7% 16.0% 16.5% 16.7%
Slovakia % 0.222% 21.7% 22.4% 23.1% 24.0%
Slovenia % 0.259% 26.6% 26.3% 26.4% 26.3%
Ukraine % 0.190% 15.7% 15.3% 16.6% 17.5%