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Gross Savings (As % of GDP) in Germany

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

Gross savings as a share of GDP reached 28.5 % in 2019 in Germany, according to the National Statistical Office. This is 1.69 % less than in the previous year.

Historically, gross savings as a share of GDP in Germany reached an all time high of 29.0 % in 2018 and an all time low of 20.0 % in 1975. When compared to Germany's main peers, gross savings as a share of GDP in Austria amounted to 28.0 %, 24.0 % in Belgium, 23.5 % in France and 20.0 % in Poland in 2019.

Germany has been ranked 42nd within the group of 165 countries we follow in terms of gross savings as a share of GDP, 13 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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