Gross Savings (As % of GDP) rose to 23.4% in Israel in 2019

Gross Savings (As % of GDP) (%)
Economy | Israel | January 1, 2020
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Gross savings as a share of GDP reached 23.4 % in 2019 in Israel, according to the National Statistical Office. This is 0.707 % more than in the previous year.

Historically, gross savings as a share of GDP in Israel reached an all time high of 23.4 % in 2019 and an all time low of 0.116 % in 1969. When compared to Israel's main peers, gross savings as a share of GDP in Egypt amounted to 14.4 %, 10.3 % in Jordan and -2.27 % in Lebanon in 2019.

Israel has been ranked 63rd within the group of 163 countries we follow in terms of gross savings as a share of GDP, 16 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
Cyprus % 0.118% 13.9% 14.4% 15.7% 16.5%
Egypt % 0.104% 12.9% 14.4% 16.0% 17.4%
Iraq % 0.149% 26.0% 22.8% 19.3% 17.8%
Israel % 0.237% 23.2% 23.4% 23.6% 23.7%
Jordan % 0.122% 9.82% 10.3% 10.8% 11.3%
Lebanon % 0.018% -2.57% -2.27% 1.18% -2.64%
Libya % ... ... ... ... ... ... ... ... ...
Saudi Arabia % 0.304% 35.0% 35.3% 34.5% 32.3%
Sudan % 0.131% 10.1% 11.5% 7.35% 8.52%
Syria % ... ... ... ... ... ... ... ... ...
Turkey % 0.255% 25.1% 24.7% 23.1% 22.1%