Global Gross Savings by Country

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

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