In 2023, China's net national savings led globally with a value of 3.43 trillion USD, up 0.87%. The U.S. followed with 0.81369 trillion USD, showing no annual growth. Significant increases in savings were noted in Australia (28.68%) and Argentina (109.36%). While Germany faced a decline of 0.57%, Spain and Nigeria experienced considerable growth at 3.72% and 19.63%, respectively. Consistent performers included countries like India and France, with moderate increases.
Future trends to watch:
- China's dominance in savings is likely to persist, though potential economic fluctuations could influence rates.
- Emerging markets like Argentina might continue to see volatility, which can lead to both opportunities and risks.
- Global economic conditions, such as changes in interest rates and fiscal policies, will impact savings patterns across different nations.
- Sustainability and green investments might increasingly shape long-term savings strategies.
# | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 China | 3,430,000,000,000 | 2023 | +20.09% | +0.87% | View data |
2 | 2 United States | 813,690,000,000 | 2023 | +8.86% | View data | |
3 | 3 India | 572,210,000,000 | 2023 | +6.39% | +0.23% | View data |
4 | 4 Germany | 454,900,000,000 | 2023 | +4.27% | -0.57% | View data |
5 | 5 South Korea | 292,600,000,000 | 2023 | +1.41% | +0.034% | View data |
6 | 6 Russia | 263,200,000,000 | 2023 | +9.05% | View data | |
7 | 7 Australia | 223,650,000,000 | 2023 | +24.83% | +28.68% | View data |
8 | 8 Japan | 217,720,000,000 | 2023 | -1.26% | View data | |
9 | 9 Saudi Arabia | 202,490,000,000 | 2023 | +14.37% | View data | |
10 | 10 Bangladesh | 180,380,000,000 | 2023 | +9.75% | View data |