Brunei Darussalam Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
Brunei Darussalam's gross savings was 47.65% in 2024, ranked 4th globally. This represents a 3.9% increase from 2023. Data from World Bank, covering 2001–2024.
Overview
Brunei Darussalam's gross savings stood at 47.65% in 2024, a rise of +1.78% from 2023. Brunei Darussalam ranked 4th globally.
Brunei Darussalam maintains a high gross savings rate, ranking fourth globally as of 2024 with a value of 47.65. The country's gross savings rate peaked in 2008 at 69.49, a period marked by significant oil and gas revenue, which has historically been the primary driver of Brunei's economy. Conversely, the gross savings rate hit an all-time low of 45.87 in 2023, possibly due to the decline in global oil prices and diminishing oil reserves. Notably, Brunei's savings rate is comparable to that of Kuwait, which ranked third globally in 2024 with a savings rate of 50.31. Meanwhile, neighboring countries such as Iran and Iraq have lower savings rates, with Iran ranking 10th at 49.61 and Iraq ranking 14th at 41.94. As Brunei continues to diversify its economy and rely less on oil and gas revenue, its gross savings rate may stabilize or even decline, potentially altering its ranking in the global savings landscape.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2024 | 47.65% | +1.78% | #4 |
| 2023 | 45.87% | −4.51% | #4 |
| 2022 | 50.38% | +0.65% | #4 |
| 2021 | 49.73% | −1.15% | #3 |
| 2020 | 50.89% | −2.65% | #1 |
| 2019 | 53.53% | +0.32% | #2 |
| 2018 | 53.21% | −2.12% | #1 |
| 2017 | 55.34% | −1.08% | #2 |
| 2016 | 56.41% | −0.71% | #1 |
| 2015 | 57.12% | −2.69% | #3 |
| 2014 | 59.81% | −0.47% | #3 |
| 2013 | 60.28% | −2.62% | #2 |
| 2012 | 62.90% | −0.88% | #2 |
| 2011 | 63.79% | +3.63% | #2 |
| 2010 | 60.15% | +1.86% | #2 |
Detected Pattern
Analysis
Brunei Darussalam matched the Export Boom Cycle pattern in 2019. Historically, 71% of countries showing this pattern (546 out of 768) saw gross savings improve within 24 months. View full analysis →
Frequently Asked Questions
Brunei Darussalam's gross savings was 47.65% in 2024. Ranked 4th globally. This represents a 3.9% increase from the previous year.
Brunei Darussalam's gross savings peaked at 69.49% in 2008.
The lowest gross savings in Brunei Darussalam was 45.87% in 2023.
Brunei Darussalam ranks 4th globally in gross savings as of 2024.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
The gross savings of Brunei Darussalam in 2024 was 47.65%. This ranks 4th in the world.
Cite this page
@misc{historysaid_brunei-darussalam_gross-savings,
title = {Brunei Darussalam Gross Savings},
url = {https://historysaid.com/brunei-darussalam/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}