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Canada - Gross Savings 2023

Name: Canada Gross Savings 2023
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Gross savings as % of GDP · World Bank

21.94% −3.08% from 2022 Global rank: 93rd

Canada's gross savings was 21.94% in 2023, decreased +3.08% from 24.35% in 2022. This was the 93rd highest globally.

Global Ranking - 2023▾

Gross Savings by Country - 2023
Rank	Country	Value	YoY
1st	Qatar	52.24%	-9.0%
2nd	Kuwait	48.80%	-4.2%
3rd	Iran, Islamic Republic of	47.54%	2.6%
4th	Brunei Darussalam	45.87%	-9.0%
5th	Macao SAR, China	44.94%	26.0%
6th	Iraq	43.32%	36.2%
7th	Bermuda	43.04%	-1.2%
8th	China	42.57%	-5.0%
9th	Gabon	41.84%	2.4%
10th	Norway	41.66%	-18.0%
11th	Algeria	40.77%	-7.4%
12th	Cambodia	38.84%	144.5%
13th	Singapore	38.67%	-4.8%
14th	San Marino	38.58%	0.0%
15th	Nepal	36.21%	44.4%
16th	Tanzania	36.15%	13.4%
17th	Indonesia	35.87%	16.7%
18th	Botswana	35.57%	33.3%
19th	Panama	35.42%	-1.3%
20th	Tajikistan	35.34%	9.0%
21st	Bahrain	35.11%	-10.7%
22nd	Bangladesh	34.90%	18.9%
23rd	Viet Nam	34.67%	6.1%
24th	Denmark	34.65%	-3.6%
25th	Zambia	34.46%	12.2%
26th	Ireland	34.11%	7.8%
27th	United Arab Emirates	33.83%	-17.0%
28th	Suriname	33.81%	10.9%
29th	Korea	33.48%	-2.7%
30th	Mongolia	33.46%	15.8%
31st	Switzerland	33.30%	-2.4%
32nd	Chad	32.46%	-7.3%
33rd	Congo, Republic of	32.10%	-26.1%
34th	Mauritania	32.05%	6.9%
35th	Saudi Arabia	31.93%	-17.4%
36th	Türkiye	31.78%	-6.5%
37th	Congo, Democratic Republic of	31.66%	353.2%
38th	Burundi	31.45%	659.3%
39th	Russian Federation	31.04%	-7.5%
40th	India	30.94%	-2.1%
41st	Sweden	30.76%	-0.4%
42nd	Benin	30.15%	18.4%
43rd	Japan	29.98%	3.7%
44th	North Macedonia	29.96%	0.0%
45th	Nicaragua	29.83%	58.3%
46th	Kiribati	29.80%	15.1%
47th	Netherlands	29.50%	-0.5%
48th	Myanmar	29.46%	3.5%
49th	Azerbaijan	29.46%	-22.8%
50th	Israel	29.32%	-3.3%
51st	Oman	28.95%	-6.5%
52nd	Czechia	28.81%	9.3%
53rd	Morocco	28.02%	4.8%
54th	Austria	27.71%	-2.3%
55th	Germany	27.60%	1.9%
56th	Slovenia	27.38%	17.4%
57th	Philippines	27.34%	35.6%
58th	Jamaica	27.33%	16.9%
59th	Uzbekistan	26.61%	-10.5%
60th	Kosovo	26.61%	6.1%
61st	Belarus	26.56%	6.2%
62nd	Kazakhstan	26.52%	-4.7%
63rd	Trinidad and Tobago	26.50%	22.1%
64th	Sri Lanka	26.36%	0.2%
65th	Iceland	26.22%	16.3%
66th	Samoa	26.16%	19.7%
67th	Hungary	26.09%	0.2%
68th	Equatorial Guinea	25.40%	-28.4%
69th	Belgium	25.38%	-0.9%
70th	Malta	25.38%	-0.9%
71st	Antigua and Barbuda	25.33%	-0.1%
72nd	Thailand	25.32%	3.8%
73rd	Croatia	25.30%	12.0%
74th	European Union	24.98%	0.9%
75th	Libya	24.72%	-28.3%
76th	Guyana	24.63%	-31.0%
77th	Hong Kong SAR, China	24.62%	-3.1%
78th	Eswatini	24.26%	100.5%
79th	Dominican Republic	24.14%	-3.1%
80th	Niger	24.14%	117.3%
81st	Togo	23.96%	6.7%
82nd	Estonia	23.94%	-2.8%
83rd	Malaysia	23.86%	-10.9%
84th	Spain	23.85%	3.2%
85th	Australia	23.78%	-3.0%
86th	Lithuania	23.75%	7.7%
87th	Italy	23.28%	1.8%
88th	Senegal	23.14%	-14.7%
89th	Serbia	22.56%	13.5%
90th	Ecuador	22.39%	-8.0%
91st	Albania	22.16%	11.8%
92nd	Finland	21.97%	-11.6%
93rd	Canada	21.94%	-12.3%
94th	France	21.74%	-3.8%
95th	St. Vincent and the Grenadines	21.54%	34.8%
96th	St. Lucia	21.34%	23.4%
97th	Belize	21.08%	49.0%
98th	Latvia	20.87%	11.3%
99th	Cabo Verde	20.81%	8.5%
100th	Bosnia and Herzegovina	20.80%	-9.8%
101st	Mauritius	20.73%	20.9%
102nd	Portugal	20.66%	6.8%
103rd	Bulgaria	20.59%	2.9%
104th	Uganda	20.54%	31.3%
105th	Armenia	20.19%	-12.7%
106th	Chile	20.17%	19.1%
107th	Mexico	20.12%	-6.3%
108th	Paraguay	19.94%	-3.5%
109th	Lesotho	19.89%	12.5%
110th	Peru	19.88%	11.1%
111th	El Salvador	19.60%	10.4%
112th	Aruba	19.59%	-13.4%
113th	Guatemala	19.52%	10.1%
114th	Georgia	19.43%	-1.1%
115th	Romania	19.37%	11.0%
116th	Poland	19.07%	-3.6%
117th	Gambia, The	19.05%	-7.7%
118th	Bahamas, The	18.94%	8.3%
119th	Nigeria	18.87%	1.3%
120th	Tonga	18.65%	-32.2%
121st	Guinea-Bissau	18.04%	91.0%
122nd	Honduras	17.75%	-9.6%
123rd	United States	17.67%	-2.8%
124th	Bhutan	17.61%	-15.5%
125th	Slovak Republic	17.16%	26.6%
126th	New Zealand	16.98%	-0.6%
127th	Argentina	16.23%	-6.1%
128th	Kenya	16.05%	14.6%
129th	Côte d'Ivoire	16.04%	-17.4%
130th	Angola	15.95%	-61.7%
131st	Madagascar	15.85%	-5.6%
132nd	Luxembourg	15.79%	-32.8%
133rd	St. Kitts and Nevis	15.45%	-1.0%
134th	Jordan	15.13%	42.8%
135th	Brazil	15.04%	-5.6%
136th	Cameroon	14.94%	-4.3%
137th	United Kingdom	14.89%	-10.5%
138th	Mali	14.82%	33.8%
139th	Egypt, Arab Republic of	14.79%	-9.7%
140th	Djibouti	14.77%	76.8%
141st	South Africa	14.72%	-4.1%
142nd	Grenada	14.71%	-17.4%
143rd	Costa Rica	14.31%	-0.7%
144th	Montenegro	14.25%	-3.1%
145th	Uruguay	14.25%	-4.2%
146th	Bolivia, Plurinational State of	14.05%	0.8%
147th	Burkina Faso	13.56%	28.9%
148th	Rwanda	13.49%	-17.6%
149th	West Bank and Gaza	13.08%	-10.2%
150th	Pakistan	13.08%	20.0%
151st	São Tomé and Principe	12.86%	-45.3%
152nd	Ukraine	12.79%	-24.9%
153rd	Colombia	12.67%	-7.9%
154th	Maldives	12.22%	-27.0%
155th	Zimbabwe	12.07%	-71.5%
156th	Cyprus	11.74%	-12.0%
157th	Comoros	11.70%	-3.3%
158th	Haiti	11.37%	-15.0%
159th	Namibia	11.08%	51.0%
160th	Sierra Leone	10.64%	24.7%
161st	Guinea	9.29%	-20.5%
162nd	Greece	9.12%	-1.6%
163rd	Moldova	8.78%	-13.9%
164th	South Sudan	7.98%	-79.3%
165th	Ghana	7.95%	-41.9%
166th	Barbados	7.21%	5.1%
167th	Central African Republic	6.16%	178.3%
168th	Solomon Islands	5.71%	-40.9%
169th	Tunisia	4.88%	-7.0%
170th	Dominica	3.86%	-62.4%
171st	Seychelles	2.96%	-81.0%
172nd	Mozambique	2.64%	-61.0%
173rd	Sudan	-0.26%	89.0%
174th	Malawi	-1.13%	73.4%
175th	Afghanistan	-5.06%	-171.7%
176th	Yemen, Republic of	-6.31%	35.0%
177th	Timor-Leste	-8.48%	-135.9%
178th	Palau	-12.70%	-196.0%
179th	Lebanon	-12.70%	-57.6%
180th	Kyrgyz Republic	-25.21%	-23.9%

FAQ

What was Canada's gross savings in 2023?▾

Canada's gross savings in 2023 was 21.94%. This ranked 93rd globally.

How did Canada's gross savings change in 2023?▾

Canada's gross savings decreased by 12.3% in 2023 compared to 2022.

Which country had the highest gross savings in 2023?▾

Qatar had the highest gross savings in 2023 at 52.24%.

What is the gross savings of Canada in 2023?▾

The gross savings of Canada in 2023 was 21.94%. This ranked 93rd globally.

How does 2023 compare to 2022 for Canada's gross savings?▾

Canada's gross savings went from 24.35% in 2022 to 21.94% in 2023, a 12.3% decrease.

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