Gross savings as a share of GDP reached 20.9 % in 2019 in Italy, according to the National Statistical Office. This is 0.528 % more than in the previous year.
Historically, gross savings as a share of GDP in Italy reached an all time high of 27.1 % in 1970 and an all time low of 17.3 % in 2010. When compared to Italy's main peers, gross savings as a share of GDP in Austria amounted to 28.0 %, 23.5 % in France, 26.4 % in Slovenia and 33.9 % in Switzerland in 2019.
Italy has been ranked 93rd within the group of 165 countries we follow in terms of gross savings as a share of GDP, 10 places above the position seen 10 years ago.
Gross savings are calculated as gross national income less total consumption, plus net transfers.