The global gross savings landscape in 2023 shows China leading significantly with savings nearly double that of the United States. However, China experienced a notable decline of 22.76% year-on-year, whereas the U.S. saw a 4.15% increase. Russia, Canada, and Norway marked larger increments, highlighting diverse trajectories in savings dynamics. Emerging markets like Nigeria and Angola exhibited some of the highest growth in savings, suggesting potential shifts in economic activities.
Looking ahead, the stark decline in China's savings hints at structural shifts possibly affecting its future consumption patterns. Meanwhile, steady growth in savings across North America and advancements in emerging economies indicate a potential rebalancing in global economic contributions.
# | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 China | 8,992,900,000,000 | 2023 | -10.98% | -22.76% | View data |
2 | 2 United States | 4,868,700,000,000 | 2023 | +2.99% | +4.15% | View data |
3 | 3 Japan | 1,289,600,000,000 | 2023 | +6.47% | -2.56% | View data |
4 | 4 Germany | 1,228,900,000,000 | 2023 | +3.41% | +0.69% | View data |
5 | 5 India | 1,063,600,000,000 | 2023 | +3.95% | +4.61% | View data |
6 | 6 Russia | 717,050,000,000 | 2023 | +1.41% | +8.37% | View data |
7 | 7 France | 646,130,000,000 | 2023 | +2.7% | -0.0052% | View data |
8 | 8 South Korea | 605,210,000,000 | 2023 | +4.9% | -0.44% | View data |
9 | 9 Canada | 528,490,000,000 | 2023 | +1.52% | +9.36% | View data |
10 | 10 United Kingdom | 524,480,000,000 | 2023 | +1.49% | +5.09% | View data |