Gross savings as a share of GDP reached 44.0 % in 2019 in China, according to the National Statistical Office. This is 0.236 % less than in the previous year.
Historically, gross savings as a share of GDP in China reached an all time high of 51.6 % in 2008 and an all time low of 32.0 % in 1981. When compared to China's main peers, gross savings as a share of GDP in India amounted to 28.8 %, 28.2 % in Japan, 26.9 % in Russia and 18.6 % in USA in 2019.
China has been ranked 4th within the group of 165 countries we follow in terms of gross savings as a share of GDP, 1 places behind the position seen 10 years ago.
Gross savings are calculated as gross national income less total consumption, plus net transfers.