Gross savings as a share of GDP reached 28.4 % in 2019 in Japan, according to the National Statistical Office. This is 1.02 % more than in the previous year.
Historically, gross savings as a share of GDP in Japan reached an all time high of 33.8 % in 1991 and an all time low of 0.236 % in 2012. When compared to Japan's main peers, gross savings as a share of GDP in China amounted to 44.4 %, 27.8 % in Russia, 35.8 % in South Korea and 18.7 % in USA in 2019.
Japan has been ranked 40th within the group of 163 countries we follow in terms of gross savings as a share of GDP, 23 places above the position seen 10 years ago.
Gross savings are calculated as gross national income less total consumption, plus net transfers.