European Union Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
European Union's gross savings was 24.71% in 2024, ranked 70th globally. This represents a 1.1% decrease from 2023. Data from World Bank, covering 1975–2024.
Overview
European Union's gross savings stood at 24.71% in 2024, a decline of +0.27% from 2023. European Union ranked 70th globally.
The European Union’s gross savings ratio stood at 24.71 in 2024, placing it 70th among world economies, and marking a modest rise from the 23.77 recorded in 1975. After a low of 20.59 in 1982, the EU’s savings share gradually climbed, reaching an all‑time high of 26.10 in 2021 before slipping slightly in the following two years. This trajectory mirrors the experience of peer economies such as Hungary, which posted a comparable savings rate of 25.10, suggesting that the region’s households and governments have been able to retain a larger share of income amid varying fiscal and demographic pressures. The post‑peak decline may reflect heightened consumption, fiscal stimulus, or demographic ageing, factors that could reverse if savings incentives are strengthened or if economic uncertainty prompts precautionary behavior. Continued monitoring will reveal whether the EU can sustain the upward trend observed since the early 2000s.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2024 | 24.71% | −0.27% | #70 |
| 2023 | 24.98% | +0.22% | #74 |
| 2022 | 24.75% | −1.35% | #78 |
| 2021 | 26.10% | +1.82% | #72 |
| 2020 | 24.28% | −0.97% | #68 |
| 2019 | 25.25% | +0.38% | #70 |
| 2018 | 24.87% | +0.54% | #75 |
| 2017 | 24.33% | +0.35% | #75 |
| 2016 | 23.98% | +0.48% | #69 |
| 2015 | 23.50% | +0.42% | #78 |
| 2014 | 23.07% | +0.55% | #85 |
| 2013 | 22.52% | +0.30% | #82 |
| 2012 | 22.22% | −0.41% | #83 |
| 2011 | 22.63% | +0.83% | #77 |
| 2010 | 21.80% | +0.59% | #83 |
Analysis
European Union's gross savings was 24.71% in 2024, a decline of −0.27% from 2023.
Frequently Asked Questions
European Union's gross savings was 24.71% in 2024. Ranked 70th globally. This represents a 1.1% decrease from the previous year.
European Union's gross savings peaked at 26.10% in 2021.
The lowest gross savings in European Union was 20.59% in 1982.
European Union ranks 70th 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 European Union in 2024 was 24.71%. This ranks 70th in the world.
Cite this page
@misc{historysaid_european-union_gross-savings,
title = {European Union Gross Savings},
url = {https://historysaid.com/european-union/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}