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Gross Savings (As % of GDP) in Switzerland

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

Gross savings as a share of GDP reached 33.9 % in 2019 in Switzerland, according to the National Statistical Office. This is 9.87 % more than in the previous year.

Historically, gross savings as a share of GDP in Switzerland reached an all time high of 39.3 % in 2006 and an all time low of 27.6 % in 2008. When compared to Switzerland's main peers, gross savings as a share of GDP in Austria amounted to 28.0 %, 23.5 % in France, 28.5 % in Germany and 20.9 % in Italy in 2019.

Switzerland has been ranked 15th within the group of 165 countries we follow in terms of gross savings as a share of GDP, 8 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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