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.