The global gross national savings landscape for 2024 showcases noteworthy variations among countries. Qatar and Zambia lead with impressive savings-to-GDP ratios of 57.31% and 53.33%, respectively. Nations like Norway, Brunei, China, and Singapore also exhibit robust savings rates above 40%. Emerging economies such as Nigeria and Djibouti experienced significant year-on-year increases of 10.29% and 13.63% respectively in 2023, highlighting potential economic resilience. Conversely, countries like the Philippines and Ethiopia suffered from substantial declines of 8.25% and 9.59% respectively, indicating underlying economic challenges.
Future trends to watch include economic policies in high-savings countries aiming to sustain these rates, and initiatives in low-savings countries to bolster economic stability. Monitoring geopolitical factors, commodity prices, and global economic recovery post-pandemic may greatly influence these savings patterns.
Top countries in Gross National Savings by Country
| # | 10 Countries | Percent of GDP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Qatar | 57.31 | 2023 | -0.37% | +2.87% | View data |
| 2 | 2 Zambia | 53.33 | 2023 | +4.47% | +4.98% | View data |
| 3 | 3 Norway | 49.82 | 2023 | +0.67% | +6.31% | View data |
| 4 | 4 Brunei | 49.6 | 2023 | -1.56% | -1.39% | View data |
| 5 | 5 China | 46.15 | 2023 | +0.29% | +0.74% | View data |
| 6 | 6 Algeria | 44.05 | 2023 | +0.4% | +1.87% | View data |
| 7 | 7 Singapore | 43.27 | 2023 | +0.11% | +0.72% | View data |
| 8 | 8 Vanuatu | 43.04 | 2023 | +5.04% | +3.4% | View data |
| 9 | 9 Azerbaijan | 41.95 | 2023 | -1.82% | +5.47% | View data |
| 10 | 10 Tajikistan | 41.14 | 2023 | +2.66% | +3.53% | View data |
