Gross Savings (As % of GDP) rose to 25.1% in Belgium in 2019

Gross Savings (As % of GDP) (%)
Economy | Belgium | January 01, 2020
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Gross savings as a share of GDP reached 25.1 % in 2019 in Belgium, according to the National Statistical Office. This is 0.554 % more than in the previous year.

Historically, gross savings as a share of GDP in Belgium reached an all time high of 28.7 % in 1999 and an all time low of 0.224 % in 2009. When compared to Belgium's main peers, gross savings as a share of GDP in France amounted to 22.9 %, 28.7 % in Germany, 22.1 % in Luxembourg and 31.6 % in Netherlands in 2019.

Belgium has been ranked 57th within the group of 163 countries we follow in terms of gross savings as a share of GDP, 19 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%
Belgium % 0.255% 24.9% 25.1% 25.4% 25.6%
Denmark % 0.281% 29.1% 29.1% 29.0% 29.0%
France % 0.229% 22.7% 22.9% 23.1% 23.3%
Germany % 0.281% 28.5% 28.7% 28.8% 28.9%
Italy % 0.203% 20.1% 19.9% 19.7% 19.5%
Luxembourg % 0.227% 22.3% 22.1% 22.0% 21.9%
Netherlands % 0.312% 31.2% 31.6% 31.8% 31.9%
Poland % 0.197% 20.7% 20.8% 20.6% 20.6%
Spain % 0.230% 22.9% 23.1% 23.3% 23.4%
United Kingdom % 0.131% 13.7% 14.0% 14.4% 14.6%