Philippines—Gross Savings (% of GNI)
Philippines's gross savings (% of gni) was 29.2% in 2024, ranking #40 out of 161 countries. This represents a +6.9% change from 2023. Over the past 25 years, the highest recorded value was 39.8% (2010) and the lowest was 20.2% (2021). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 29.2% | +6.9% |
| 2023 | 27.3% | +21.7% |
| 2022 | 22.5% | +11.2% |
| 2021 | 20.2% | -18.6% |
| 2020 | 24.8% | -21.8% |
| 2019 | 31.8% | -6.1% |
| 2018 | 33.8% | -4.7% |
| 2017 | 35.5% | +1.2% |
| 2016 | 35.1% | -1.6% |
| 2015 | 35.6% | -4.6% |
| 2014 | 37.3% | +2.7% |
| 2013 | 36.4% | +3.5% |
| 2012 | 35.1% | -4.7% |
| 2011 | 36.9% | -7.2% |
| 2010 | 39.8% | +4.8% |
| 2009 | 37.9% | +5.3% |
| 2008 | 36.0% | -2.0% |
| 2007 | 36.8% | -1.3% |
| 2006 | 37.2% | -1.4% |
| 2005 | 37.8% | +4.3% |
| 2004 | 36.2% | +1.7% |
| 2003 | 35.6% | +1.0% |
| 2002 | 35.3% | +1.9% |
| 2001 | 34.6% | +3.7% |
| 2000 | 33.4% |
Top Countries — Gross Savings (% of GNI)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Qatar | 57.4% | 2022 |
| 2 | Kuwait | 48.8% | 2023 |
| 3 | Brunei Darussalam | 47.7% | 2024 |
| 4 | Macao SAR, China | 44.9% | 2023 |
| 5 | Bermuda | 43.0% | 2023 |
| 6 | China | 42.8% | 2024 |
| 7 | Iraq | 41.9% | 2024 |
| 8 | Norway | 40.8% | 2024 |
| 9 | Cambodia | 40.5% | 2024 |
| 10 | Singapore | 40.3% | 2024 |
About This Indicator
Definition
Savings is an amount that represent the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Methodology
Data compiled by Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB).