Savings Rate by Country (2022)
163 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 | Macao | 47.8% |
| 3 | Bermuda | 45.6% |
| 4 | Brunei | 45.3% |
| 5 | Kuwait | 44.1% |
| 6 | Burundi | 43.1% |
| 7 | Nepal | 43.1% |
| 8 | China | 42.7% |
| 9 | Singapore | 40.0% |
| 10 | Cambodia | 39.1% |
| 11 | Algeria | 38.8% |
| 12 | Tajikistan | 38.8% |
| 13 | San Marino | 38.6% |
| 14 | Marshall Islands | 38.1% |
| 15 | Vietnam | 37.7% |
| 16 | Norway | 37.3% |
| 17 | Switzerland | 36.6% |
| 18 | Tanzania | 36.5% |
| 19 | South Korea | 35.6% |
| 20 | Indonesia | 35.0% |
| 21 | Bangladesh | 34.8% |
| 22 | India | 34.7% |
| 23 | Denmark | 34.7% |
| 24 | Mauritania | 34.4% |
| 25 | Bahrain | 33.4% |
| 26 | United Arab Emirates | 33.3% |
| 27 | Panama | 33.0% |
| 28 | Zambia | 32.2% |
| 29 | Japan | 32.1% |
| 30 | Iraq | 32.0% |
| 31 | Republic of the Congo | 31.7% |
| 32 | Ireland | 31.3% |
| 33 | Sri Lanka | 31.2% |
| 34 | Sweden | 30.6% |
| 35 | Hong Kong | 30.6% |
| 36 | Benin | 30.3% |
| 37 | Philippines | 30.1% |
| 38 | Samoa | 30.0% |
| 39 | Türkiye | 29.9% |
| 40 | Uzbekistan | 29.6% |
| 41 | Morocco | 29.4% |
| 42 | Kazakhstan | 29.0% |
| 43 | Saudi Arabia | 28.9% |
| 44 | DR Congo | 28.7% |
| 45 | Russia | 28.6% |
| 46 | Nicaragua | 28.5% |
| 47 | Botswana | 28.3% |
| 48 | Czechia | 27.7% |
| 49 | Oman | 27.7% |
| 50 | Netherlands | 27.7% |
Use this data in your own work
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Gross Savings (% of GDP) · all countries · CSV
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