The data reveals that in 2023, China substantially leads in global gross domestic savings share, followed by the USA, Germany, and India. Notably, countries like Norway, Nigeria, Angola, and Egypt showcased significant year-on-year increases. In contrast, Japan, Thailand, and the Philippines experienced declines. Over the last five years, emerging economies are witnessing a steady rise in savings shares, reflecting growth potential.
Looking to the future, watch for shifts in savings patterns in emerging markets as they potentially drive changes in the global savings landscape. Economic policies, demographic changes, and technological advancements will be pivotal in shaping these trends.
Top countries in Gross Domestic Savings Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 31.6 | 2023 | +9.25% | +8.1% | View data |
| 2 | 2 United States | 15.36 | 2023 | +2.84% | +3.69% | View data |
| 3 | 3 Germany | 3.91 | 2023 | +3.64% | +0.51% | View data |
| 4 | 4 India | 3.55 | 2023 | +4.11% | +5.08% | View data |
| 5 | 5 Japan | 3.4 | 2023 | +2% | -5.19% | View data |
| 6 | 6 Russia | 2.64 | 2023 | +0.94% | +7.78% | View data |
| 7 | 7 France | 2.19 | 2023 | +1.86% | +0.064% | View data |
| 8 | 8 South Korea | 1.99 | 2023 | +4.61% | -1.3% | View data |
| 9 | 9 Canada | 1.92 | 2023 | +1.41% | +8.63% | View data |
| 10 | 10 Indonesia | 1.88 | 2023 | +5.6% | View data |
