Australia - Gross savings (% of GDP)

Gross savings (% of GDP) in Australia was 24.07 as of 2020. Its highest value over the past 31 years was 25.55 in 1989, while its lowest value was 18.18 in 1992.

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
1989 25.55
1990 24.31
1991 20.68
1992 18.18
1993 20.17
1994 21.72
1995 20.65
1996 20.91
1997 21.83
1998 21.64
1999 20.66
2000 21.23
2001 20.78
2002 21.81
2003 21.10
2004 21.54
2005 21.00
2006 21.73
2007 21.42
2008 21.96
2009 24.07
2010 21.87
2011 23.34
2012 24.38
2013 23.98
2014 23.67
2015 22.70
2016 20.72
2017 21.80
2018 21.74
2019 22.53
2020 24.07

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