Gross savings as a share of GDP reached 28.2 % in 2019 in Japan, according to the National Statistical Office. This is 1.03 % more than in the previous year.
Historically, gross savings as a share of GDP in Japan reached an all time high of 33.5 % in 1991 and an all time low of 23.6 % in 2012. When compared to Japan's main peers, gross savings as a share of GDP in China amounted to 44.0 %, 26.9 % in Russia, 35.0 % in South Korea and 18.6 % in USA in 2019.
Japan has been ranked 43rd 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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