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.