Savings Rate by Country (2022)
161 countries · Gross savings % of GNI · Source: World Bank
Global Savings Patterns
Savings rates vary enormously. East Asian economies — China (~45%), Singapore, South Korea — save 30-50% of income, funding massive domestic investment. Gulf oil exporters save even more when oil prices are high. The US saves roughly 18% — below the global average — relying on foreign capital inflows to fund its investment. Savings drive the current account balance: high savers run surpluses, low savers run deficits.
| # | Country | Savings (% GNI) |
|---|---|---|
| 1 | Qatar | 57.4% |
| 2 | Kuwait | 48.8% |
| 3 | Brunei Darussalam | 47.7% |
| 4 | Macao SAR, China | 44.9% |
| 5 | Bermuda | 43.0% |
| 6 | China | 42.8% |
| 7 | Iraq | 41.9% |
| 8 | Norway | 40.8% |
| 9 | Cambodia | 40.5% |
| 10 | Singapore | 40.3% |
| 11 | Algeria | 39.4% |
| 12 | San Marino | 38.6% |
| 13 | Viet Nam | 36.7% |
| 14 | Tanzania | 36.4% |
| 15 | Nepal | 35.8% |
| 16 | Denmark | 35.4% |
| 17 | Tajikistan | 35.3% |
| 18 | Korea, Rep. | 35.3% |
| 19 | Ireland | 34.9% |
| 20 | Indonesia | 34.7% |
| 21 | Mauritania | 34.4% |
| 22 | Zambia | 34.4% |
| 23 | Bangladesh | 34.4% |
| 24 | United Arab Emirates | 33.8% |
| 25 | Botswana | 33.4% |
| 26 | Panama | 33.3% |
| 27 | Bahrain | 33.3% |
| 28 | Switzerland | 31.8% |
| 29 | Congo, Rep. | 31.7% |
| 30 | Burundi | 31.4% |
| 31 | Japan | 31.1% |
| 32 | Sweden | 30.7% |
| 33 | Russian Federation | 30.6% |
| 34 | India | 30.3% |
| 35 | Benin | 30.2% |
| 36 | Turkiye | 30.1% |
| 37 | Samoa | 30.0% |
| 38 | Saudi Arabia | 29.9% |
| 39 | Kiribati | 29.8% |
| 40 | Philippines | 29.2% |
| 41 | Morocco | 29.0% |
| 42 | Czechia | 28.9% |
| 43 | Netherlands | 28.8% |
| 44 | Hong Kong SAR, China | 28.7% |
| 45 | Kazakhstan | 28.7% |
| 46 | North Macedonia | 28.4% |
| 47 | Sri Lanka | 28.4% |
| 48 | Uzbekistan | 28.3% |
| 49 | Congo, Dem. Rep. | 28.3% |
| 50 | Nicaragua | 28.0% |