Gross Savings (As % of GDP) rose to 21.9% in New Zealand in 2019

Gross Savings (As % of GDP) (%)
Economy | New Zealand | January 1, 2020
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Gross savings as a share of GDP reached 21.9 % in 2019 in New Zealand, according to the National Statistical Office. This is 0.468 % more than in the previous year.

Historically, gross savings as a share of GDP in New Zealand reached an all time high of 25.2 % in 1973 and an all time low of 0.157 % in 2008. When compared to New Zealand's main peers, gross savings as a share of GDP in Australia amounted to 21.5 %, 31.3 % in Indonesia, 27.0 % in Malaysia and 27.0 % in Philippines in 2019.

New Zealand has been ranked 74th within the group of 163 countries we follow in terms of gross savings as a share of GDP, 28 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
Australia % 0.219% 21.4% 21.5% 21.6% 21.6%
Cambodia % 0.232% 11.2% 11.4% 11.9% 12.9%
China % 0.470% 44.9% 44.4% 43.9% 43.1%
Indonesia % 0.308% 31.0% 31.3% 31.5% 31.7%
Malaysia % 0.285% 27.2% 27.0% 27.1% 26.8%
New Zealand % 0.213% 21.8% 21.9% 22.2% 22.7%
Papua New Guinea % ... ... ... ... ... ... ... ... ...
Philippines % 0.438% 26.0% 27.0% 27.6% 27.7%
Singapore % 0.482% 46.3% 45.8% 45.5% 45.3%
Taiwan % 34.9% 34.4% 34.3% 33.2% 32.2%
Thailand % 0.318% 32.5% 32.2% 32.0% 31.9%
Vietnam % 0.244% 29.6% 30.3% 31.1% 32.2%