Gross Savings (As % of GDP) in Canada

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

Gross savings as a share of GDP reached 20.7 % in 2019 in Canada, according to the National Statistical Office. This is 0.413 % more than in the previous year.

Historically, gross savings as a share of GDP in Canada reached an all time high of 25.0 % in 2006 and an all time low of 14.6 % in 1993. When compared to Canada's main peers, gross savings as a share of GDP in Australia amounted to 22.7 %, 21.0 % in Mexico, 13.3 % in United Kingdom and 18.6 % in USA in 2019.

Canada has been ranked 95th within the group of 165 countries we follow in terms of gross savings as a share of GDP.

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

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