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.