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Gross Savings (As % of GDP) in Austria

Source: World Bank, IMF estimates (Oct 2020), Helgi Library
Last Updated: Feb 8, 2021

Gross savings as a share of GDP reached 28.0 % in 2019 in Austria, according to the National Statistical Office. This is 1.92 % more 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 22.0 % in 1983. When compared to Austria's main peers, gross savings as a share of GDP in Germany amounted to 28.5 %, 27.8 % in Hungary, 20.9 % in Italy and 33.9 % in Switzerland in 2019.

Austria has been ranked 45th within the group of 165 countries we follow in terms of gross savings as a share of GDP, 7 places above the position seen 10 years ago.

Gross savings are calculated as gross national income less total consumption, plus net transfers.

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