Gross savings as a share of GDP reached 44.4 % in 2019 in China, according to the National Statistical Office. This is 1.08 % less than in the previous year.
Historically, gross savings as a share of GDP in China reached an all time high of 44.9 % in 2018 and an all time low of 0.332 % in 1983. When compared to China's main peers, gross savings as a share of GDP in India amounted to 29.1 %, 28.4 % in Japan, 27.8 % in Russia and 18.7 % in USA in 2019.
China has been ranked 4th within the group of 163 countries we follow in terms of gross savings as a share of GDP, 16 places above the position seen 10 years ago.
Gross savings are calculated as gross national income less total consumption, plus net transfers.