Philippines - Gross Savings 2024
29.24%
+8.67% from 2023
Philippines's gross savings was 29.24% in 2024, increased +8.67% from 27.34% in 2023. This was the 39th highest globally.
Global Ranking - 2024▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Qatar | 50.47% | -3.4% |
| 2nd | Kuwait | 50.31% | 3.1% |
| 3rd | Iran, Islamic Republic of | 49.61% | 4.3% |
| 4th | Brunei Darussalam | 47.65% | 3.9% |
| 5th | China | 42.83% | 0.6% |
| 6th | Iraq | 41.94% | 101.0% |
| 7th | Norway | 40.84% | -1.9% |
| 8th | Cambodia | 40.53% | 17.1% |
| 9th | Singapore | 40.28% | 3.5% |
| 10th | Algeria | 39.42% | -3.2% |
| 11th | Gabon | 39.41% | -5.8% |
| 12th | United Arab Emirates | 37.65% | -9.0% |
| 13th | Viet Nam | 36.69% | -3.5% |
| 14th | Tanzania | 36.37% | 8.8% |
| 15th | Nepal | 35.84% | 18.4% |
| 16th | Denmark | 35.40% | 2.2% |
| 17th | Korea | 35.26% | 5.2% |
| 18th | Ireland | 34.86% | 3.5% |
| 19th | Indonesia | 34.65% | 14.8% |
| 20th | Mauritania | 34.42% | 7.7% |
| 21st | Zambia | 34.42% | 21.2% |
| 22nd | Bangladesh | 34.39% | 14.9% |
| 23rd | Botswana | 33.39% | 7.3% |
| 24th | Aruba | 33.36% | 16.5% |
| 25th | Panama | 33.28% | -3.3% |
| 26th | Bahrain | 33.27% | -5.3% |
| 27th | Lesotho | 32.34% | 10.8% |
| 28th | Switzerland | 31.81% | 0.1% |
| 29th | Japan | 31.07% | 4.2% |
| 30th | Sweden | 30.74% | -1.1% |
| 31st | Russian Federation | 30.63% | 4.2% |
| 32nd | Myanmar | 30.29% | 2.8% |
| 33rd | India | 30.27% | -7.3% |
| 34th | Türkiye | 30.11% | -5.3% |
| 35th | Guyana | 30.10% | 22.2% |
| 36th | Samoa | 30.01% | 14.7% |
| 37th | Suriname | 29.90% | -11.6% |
| 38th | Saudi Arabia | 29.86% | -6.9% |
| 39th | Philippines | 29.24% | 42.1% |
| 40th | Morocco | 28.99% | 4.3% |
| 41st | Czechia | 28.87% | 2.7% |
| 42nd | Netherlands | 28.81% | -2.3% |
| 43rd | Hong Kong SAR, China | 28.71% | 16.6% |
| 44th | Kazakhstan | 28.70% | 17.1% |
| 45th | Benin | 28.46% | 8.0% |
| 46th | North Macedonia | 28.45% | -5.2% |
| 47th | Sri Lanka | 28.35% | 3.0% |
| 48th | Uzbekistan | 28.30% | 5.9% |
| 49th | Congo, Democratic Republic of | 28.29% | 199.1% |
| 50th | Chad | 28.21% | -13.1% |
| 51st | Nicaragua | 28.02% | -7.7% |
| 52nd | Oman | 27.71% | -4.5% |
| 53rd | Azerbaijan | 27.59% | -0.7% |
| 54th | Congo, Republic of | 27.22% | -15.2% |
| 55th | Tajikistan | 27.21% | 17.0% |
| 56th | Germany | 27.14% | -1.3% |
| 57th | Slovenia | 26.19% | -1.6% |
| 58th | Israel | 26.13% | -11.5% |
| 59th | Gambia, The | 25.93% | 29.8% |
| 60th | Malta | 25.67% | -1.8% |
| 61st | Mongolia | 25.64% | -25.7% |
| 62nd | Equatorial Guinea | 25.63% | 0.9% |
| 63rd | Kosovo | 25.54% | -4.0% |
| 64th | Austria | 25.44% | -4.9% |
| 65th | Senegal | 25.43% | -7.1% |
| 66th | Antigua and Barbuda | 25.24% | -0.3% |
| 67th | São Tomé and Principe | 25.14% | 95.5% |
| 68th | Hungary | 25.10% | -4.3% |
| 69th | Uganda | 25.06% | 73.1% |
| 70th | European Union | 24.71% | -1.1% |
| 71st | Trinidad and Tobago | 24.49% | -7.6% |
| 72nd | Iceland | 24.36% | 1.0% |
| 73rd | Spain | 24.35% | 2.1% |
| 74th | Belgium | 24.12% | -2.3% |
| 75th | Lithuania | 24.09% | 4.2% |
| 76th | Estonia | 23.97% | -0.1% |
| 77th | Jamaica | 23.96% | -12.3% |
| 78th | Ecuador | 23.89% | 5.7% |
| 79th | Thailand | 23.78% | -0.3% |
| 80th | Togo | 23.65% | -1.3% |
| 81st | Italy | 23.65% | 2.5% |
| 82nd | Nigeria | 23.61% | 25.1% |
| 83rd | Belarus | 23.54% | 1.8% |
| 84th | Dominican Republic | 23.50% | -2.7% |
| 85th | Malaysia | 23.38% | -2.2% |
| 86th | Australia | 22.92% | -3.2% |
| 87th | Côte d'Ivoire | 22.63% | 22.7% |
| 88th | Albania | 22.50% | -2.5% |
| 89th | Croatia | 22.15% | -6.5% |
| 90th | St. Lucia | 22.11% | 3.6% |
| 91st | Peru | 21.93% | 12.2% |
| 92nd | Portugal | 21.86% | 4.0% |
| 93rd | Chile | 21.76% | 7.7% |
| 94th | Finland | 21.75% | -1.6% |
| 95th | Eswatini | 21.49% | 16.4% |
| 96th | France | 21.43% | -2.2% |
| 97th | Canada | 21.38% | -8.1% |
| 98th | St. Vincent and the Grenadines | 21.32% | -1.0% |
| 99th | Bhutan | 21.13% | 59.2% |
| 100th | Mauritius | 21.11% | -5.7% |
| 101st | Bosnia and Herzegovina | 21.08% | -10.2% |
| 102nd | Rwanda | 21.07% | 74.3% |
| 103rd | Belize | 20.78% | 26.7% |
| 104th | Serbia | 20.64% | -7.3% |
| 105th | Cabo Verde | 20.28% | 25.0% |
| 106th | Guatemala | 19.58% | 0.2% |
| 107th | Latvia | 19.33% | -6.8% |
| 108th | Mexico | 19.28% | -16.9% |
| 109th | Armenia | 19.24% | -4.6% |
| 110th | Bahamas, The | 19.21% | 10.3% |
| 111th | Georgia | 19.18% | -1.4% |
| 112th | Paraguay | 19.01% | -3.8% |
| 113th | Bulgaria | 18.84% | -0.1% |
| 114th | El Salvador | 18.56% | -5.3% |
| 115th | Poland | 18.12% | -6.8% |
| 116th | United States | 17.81% | 4.6% |
| 117th | Honduras | 17.75% | -3.0% |
| 118th | New Zealand | 17.48% | 0.8% |
| 119th | United Kingdom | 17.00% | 19.0% |
| 120th | Madagascar | 16.87% | 6.4% |
| 121st | Romania | 16.84% | -12.1% |
| 122nd | Cameroon | 16.83% | 9.5% |
| 123rd | Argentina | 16.70% | 5.0% |
| 124th | Grenada | 16.27% | 10.5% |
| 125th | Burkina Faso | 16.23% | 5.8% |
| 126th | Kenya | 15.99% | 23.3% |
| 127th | Slovak Republic | 15.86% | -12.9% |
| 128th | Angola | 15.73% | -57.3% |
| 129th | Djibouti | 14.86% | 0.2% |
| 130th | Costa Rica | 14.74% | 6.6% |
| 131st | Uruguay | 14.71% | 4.1% |
| 132nd | Jordan | 14.57% | -3.7% |
| 133rd | Sierra Leone | 14.45% | 41.2% |
| 134th | Brazil | 14.14% | -2.4% |
| 135th | Niger | 14.09% | 41.7% |
| 136th | Ghana | 14.02% | 64.0% |
| 137th | Pakistan | 13.85% | 6.6% |
| 138th | Bolivia, Plurinational State of | 13.85% | 14.6% |
| 139th | Colombia | 13.64% | -3.8% |
| 140th | South Africa | 13.58% | -5.1% |
| 141st | Mali | 12.83% | 26.0% |
| 142nd | Barbados | 12.58% | 74.4% |
| 143rd | St. Kitts and Nevis | 12.57% | -18.7% |
| 144th | Luxembourg | 12.53% | -42.9% |
| 145th | Cyprus | 12.47% | 34.2% |
| 146th | Ukraine | 12.02% | -6.1% |
| 147th | Maldives | 11.98% | 3.7% |
| 148th | Burundi | 11.00% | 45.9% |
| 149th | Greece | 10.78% | 8.2% |
| 150th | Zimbabwe | 10.70% | -11.4% |
| 151st | Guinea | 9.59% | 54.7% |
| 152nd | Haiti | 9.46% | -8.8% |
| 153rd | Guinea-Bissau | 9.27% | 7.3% |
| 154th | Egypt, Arab Republic of | 9.26% | -39.5% |
| 155th | Montenegro | 8.79% | -38.3% |
| 156th | Namibia | 8.66% | -32.1% |
| 157th | Central African Republic | 6.58% | 6.8% |
| 158th | Tunisia | 5.50% | -42.6% |
| 159th | Comoros | 4.89% | -24.6% |
| 160th | Moldova | 4.48% | -48.8% |
| 161st | Dominica | 2.82% | -27.1% |
| 162nd | West Bank and Gaza | 1.88% | -85.6% |
| 163rd | Mozambique | 1.68% | -80.5% |
| 164th | Solomon Islands | 1.23% | -90.5% |
| 165th | Lebanon | 0.69% | 131.6% |
| 166th | South Sudan | 0.50% | -93.7% |
| 167th | Sudan | 0.03% | 110.6% |
| 168th | Seychelles | -5.02% | -127.6% |
| 169th | Kyrgyz Republic | -5.88% | 76.7% |
| 170th | Malawi | -9.19% | -66.4% |
| 171st | Yemen, Republic of | -11.67% | -84.9% |
| 172nd | Timor-Leste | -21.13% | -149.0% |
| 173rd | Afghanistan | -27.87% | -450.6% |
FAQ
What was Philippines's gross savings in 2024?▾
Philippines's gross savings in 2024 was 29.24%. This ranked 39th globally.
How did Philippines's gross savings change in 2024?▾
Philippines's gross savings increased by 42.1% in 2024 compared to 2023.
Which country had the highest gross savings in 2024?▾
Qatar had the highest gross savings in 2024 at 50.47%.
What is the gross savings of Philippines in 2024?▾
The gross savings of Philippines in 2024 was 29.24%. This ranked 39th globally.
How does 2024 compare to 2023 for Philippines's gross savings?▾
Philippines's gross savings went from 27.34% in 2023 to 29.24% in 2024, a 42.1% increase.
Related
2023
2025
All years
Full ranking 2024
GDP
GDP per Capita
GDP Growth
GDP PPP
GNI
Peak: 2010
Lowest: 1980
Gross Savings 1990s
Gross Savings 2000s
Gross Savings 2010s
Gross Savings 2020s
Highest ever
Lowest ever
Average
vs Bhutan
vs Djibouti
vs Eswatini
vs Sri Lanka
ASEAN Gross Savings
Global Ranking