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.