Gross Savings (As % of GDP) rose to 28.7% in Germany in 2019

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

Gross savings as a share of GDP reached 28.7 % in 2019 in Germany, according to the National Statistical Office. This is 0.667 % more than in the previous year.

Historically, gross savings as a share of GDP in Germany reached an all time high of 28.7 % in 2019 and an all time low of 0.183 % in 1981. When compared to Germany's main peers, gross savings as a share of GDP in Austria amounted to 27.7 %, 25.1 % in Belgium, 22.9 % in France and 20.8 % in Poland in 2019.

Germany has been ranked 39th within the group of 163 countries we follow in terms of gross savings as a share of GDP, 27 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%
Czech Republic % 0.263% 26.2% 25.7% 25.5% 25.3%
France % 0.229% 22.7% 22.9% 23.1% 23.3%
Germany % 0.281% 28.5% 28.7% 28.8% 28.9%
Hungary % 0.259% 25.6% 25.5% 25.3% 25.4%
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%
Russia % 0.261% 27.3% 27.8% 27.3% 27.1%
Spain % 0.230% 22.9% 23.1% 23.3% 23.4%
Switzerland % 0.336% 34.2% 33.7% 33.6% 33.5%
Ukraine % 0.190% 15.7% 15.3% 16.6% 17.5%