Singapore - Gross savings (% of GDP)

Gross savings (% of GDP) in Singapore was 40.85 as of 2020. Its highest value over the past 48 years was 52.30 in 1997, while its lowest value was 25.36 in 1973.

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
1972 26.30
1973 25.36
1974 25.84
1975 29.66
1976 30.08
1977 30.20
1978 32.46
1979 35.45
1980 33.83
1981 35.86
1982 37.22
1983 41.58
1984 44.09
1985 41.57
1986 39.79
1987 37.85
1988 41.36
1989 42.76
1990 43.73
1991 44.97
1992 46.99
1993 44.37
1994 48.09
1995 50.59
1996 48.88
1997 52.30
1998 51.35
1999 48.91
2000 46.37
2001 40.08
2002 38.43
2003 39.40
2004 40.61
2005 43.63
2006 48.17
2007 49.97
2008 44.36
2009 43.86
2010 50.59
2011 48.81
2012 47.25
2013 45.52
2014 47.29
2015 44.05
2016 44.47
2017 45.46
2018 42.32
2019 40.32
2020 40.85

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