Gross savings as a share of GDP reached 18.6 % in 2019 in USA, according to the National Statistical Office. This is 2.33 % less than in the previous year.
Historically, gross savings as a share of GDP in USA reached an all time high of 23.8 % in 1973 and an all time low of 13.9 % in 2009. When compared to USA's main peers, gross savings as a share of GDP in Canada amounted to 20.7 %, 44.0 % in China, 28.2 % in Japan and 21.0 % in Mexico in 2019.
USA has been ranked 108th within the group of 165 countries we follow in terms of gross savings as a share of GDP, 18 places above the position seen 10 years ago.
Gross savings are calculated as gross national income less total consumption, plus net transfers.