Gross savings as a share of GDP reached 27.7 % in 2019 in Austria, according to the National Statistical Office. This is 0.373 % less than in the previous year.
Historically, gross savings as a share of GDP in Austria reached an all time high of 31.9 % in 1972 and an all time low of 0.248 % in 2009. When compared to Austria's main peers, gross savings as a share of GDP in Germany amounted to 28.7 %, 25.5 % in Hungary, 19.9 % in Italy and 33.7 % in Switzerland in 2019.
Austria has been ranked 42nd within the group of 163 countries we follow in terms of gross savings as a share of GDP, 20 places above the position seen 10 years ago.
Gross savings are calculated as gross national income less total consumption, plus net transfers.