Gross savings as a share of GDP reached 27.8 % in 2019 in Russia, according to the National Statistical Office. This is 1.51 % more than in the previous year.
Historically, gross savings as a share of GDP in Russia reached an all time high of 37.6 % in 1992 and an all time low of 0.193 % in 1998. When compared to Russia's main peers, gross savings as a share of GDP in China amounted to 44.4 %, 28.7 % in Germany, 28.4 % in Japan and 18.7 % in USA in 2019.
Russia has been ranked 41st within the group of 163 countries we follow in terms of gross savings as a share of GDP, 45 places above the position seen 10 years ago.
Gross savings are calculated as gross national income less total consumption, plus net transfers.