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.