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Gross Savings (As % of GDP) in Slovakia

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

Gross savings as a share of GDP reached 20.4 % in 2019 in Slovakia, according to the National Statistical Office. This is 0.555 % less than in the previous year.

Historically, gross savings as a share of GDP in Slovakia reached an all time high of 26.1 % in 1995 and an all time low of 17.1 % in 2009. When compared to Slovakia's main peers, gross savings as a share of GDP in Austria amounted to 28.0 %, 26.5 % in Czech Republic, 27.8 % in Hungary and 20.0 % in Poland in 2019.

Slovakia has been ranked 97th within the group of 165 countries we follow in terms of gross savings as a share of GDP, 11 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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