Countries With Highest Gross Savings Rate
Gross saving rate of major countries are listed as percentage of their gross domestic product. Countries with highest gross savings rate and the ones with lower savings rate are depicted in the above info graphic. The data is based on the latest world bank report (as of September 2025).
What is Gross Savings Rate of Country and How it is measures as per United Nation?
Gross savings rate is measured as a percentage of saving done corresponding to total GDP. Simply put it highlights how much of a nation’s income is set aside rather than consumed. According to the latest report, gross saving rates vary widely across the world’s largest economies. This variation reflects differences in income levels, consumption habits, and government policies. On an average , world gross saving rate is 21.99% as per the latest data.
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Gross Saving Rate of Major Countries – By Percentage of Their GDP
For the purpose of simplicity, we have classified the major economies into four groups on the basis of gross national savings as percent of GDP
- The top group consists of countries with a gross saving rate of greater than 40 percent.
- The second group includes countries with rates greater than 30%.
- The third group has countries with a rate of more than 20%.
- The last group comprises those above 10%.
✅ Countries with Gross Saving Rate Greater Than 40%
Which country has the highest gross savings rate?
Qatar – Qatar has the highest gross national savings rate of 57%.
China – China continues to be the country with highest gross saving rate. It has the overall gross saving rate of 42.48% of their GDP. This is primarily due to high household saving culture and policy support from government. Rapid industrialization and urbanization have led to a massive increase in income in the last few decades. Frugal economic practices have resulted in massive savings.
Singapore – is the second country in our list of major economies. It has a savings rate of 40.28%
✅ Countries with Gross Saving Rate Greater Than 30%
Indonesia(34.66%), Bangladesh(32.37%), Russia(30.63%), India(30.01%) show a culture of thrift, rapid industrial growth and robust saving reserves. Household saves a significant part of their income to cover future expenses, education and health care needs. Switzerland is a lone major economy from Europe which a gross savings rate of more than 30 percent.
✅ Countries with Gross Saving Rate Greater Than 20%
Switzerland(32.37%), Germany(26.99%), Spain (23.50%), Italy(23.25%) are few major economies from Europe. Their saving data pattern is strong. This is due to their developed economies. The conservative financial habits of their citizens also contribute to this strength. Australia (23.14%) & Canada(21.39%) are the other major economies that have made it to this category.
✅ Countries with Gross Saving Rate Greater Than 10%
The things become more interesting at this level. Developed countries like USA(18.14%), United Kingdom(15.37%) are in this category owing to their strong economy with a strong consumer culture and access to credit.
✅ Final Takeaway
The discrepancy in gross savings rates across different countries shows that the world is very distributed. Conditions are very different from country to country. Some countries have managed to channelize their resources and their population has easy access to resources and great lifestyle. On the other hand, there are many countries still in the developing or poor categories. These countries still have a large path to cover.
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