European Union - Gross savings (% of GDP)
Gross savings (% of GDP) in European Union was 24.50 as of 2020. Its highest value over the past 45 years was 25.60 in 2019, while its lowest value was 20.26 in 1982.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1975 | 23.50 |
| 1976 | 23.50 |
| 1977 | 23.19 |
| 1978 | 23.60 |
| 1979 | 23.41 |
| 1980 | 22.40 |
| 1981 | 20.64 |
| 1982 | 20.26 |
| 1983 | 20.58 |
| 1984 | 21.26 |
| 1985 | 21.40 |
| 1986 | 22.36 |
| 1987 | 22.09 |
| 1988 | 23.07 |
| 1989 | 23.44 |
| 1990 | 23.49 |
| 1991 | 22.66 |
| 1992 | 21.84 |
| 1993 | 21.31 |
| 1994 | 21.67 |
| 1995 | 22.71 |
| 1996 | 22.40 |
| 1997 | 22.93 |
| 1998 | 23.22 |
| 1999 | 23.08 |
| 2000 | 23.06 |
| 2001 | 22.99 |
| 2002 | 22.78 |
| 2003 | 22.36 |
| 2004 | 23.12 |
| 2005 | 23.10 |
| 2006 | 24.04 |
| 2007 | 24.67 |
| 2008 | 23.67 |
| 2009 | 21.46 |
| 2010 | 22.00 |
| 2011 | 22.77 |
| 2012 | 22.47 |
| 2013 | 22.71 |
| 2014 | 23.25 |
| 2015 | 23.94 |
| 2016 | 24.28 |
| 2017 | 24.90 |
| 2018 | 25.29 |
| 2019 | 25.60 |
| 2020 | 24.50 |
Statistical Concept and Methodology: Gross savings represent the difference between disposable income and consumption and replace gross domestic savings, a concept used by the World Bank and included in World Development Indicators editions before 2006. The change was made to conform to SNA concepts and definitions.
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
