Gross Savings (As % of GDP) in European Union

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

Gross savings as a share of GDP reached 23.8 % in 2020 in European Union, according to the National Statistical Office. This is 5.43 % less than in the previous year.

Historically, gross savings as a share of GDP in European Union reached an all time high of 25.2 % in 2019 and an all time low of 20.9 % in 1982. When compared to European Union's main peers, gross savings as a share of GDP in China amounted to 45.2 %, 27.8 % in Japan, 24.0 % in Russia and 17.7 % in USA in 2020.

European Union has been ranked 53rd within the group of 163 countries we follow in terms of gross savings as a share of GDP, 30 places above the position seen 10 years ago.

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

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