Gross Savings (As % of GDP) in Russia

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

Gross savings as a share of GDP reached 26.9 % in 2019 in Russia, according to the National Statistical Office. This is 6.85 % less than in the previous year.

Historically, gross savings as a share of GDP in Russia reached an all time high of 37.4 % in 1992 and an all time low of 11.6 % in 1998. When compared to Russia's main peers, gross savings as a share of GDP in China amounted to 44.0 %, 28.5 % in Germany, 28.2 % in Japan and 18.6 % in USA in 2019.

Russia has been ranked 48th within the group of 165 countries we follow in terms of gross savings as a share of GDP, 36 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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