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Gross Savings (As % of GDP) in Belgium

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

Gross savings as a share of GDP reached 24.0 % in 2019 in Belgium, according to the National Statistical Office. This is 0.274 % less than in the previous year.

Historically, gross savings as a share of GDP in Belgium reached an all time high of 28.9 % in 1999 and an all time low of 16.3 % in 1983. When compared to Belgium's main peers, gross savings as a share of GDP in France amounted to 23.5 %, 28.5 % in Germany, 21.9 % in Luxembourg and 31.2 % in Netherlands in 2019.

Belgium has been ranked 71st within the group of 165 countries we follow in terms of gross savings as a share of GDP, 13 places behind the position seen 10 years ago.

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

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