Singapore Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
Singapore's gross savings was 38.74% in 2025, ranked 7th globally. This represents a 3.8% decrease from 2024. Data from World Bank, covering 1972–2025.
Overview
Singapore's gross savings stood at 38.74% in 2025, a decline of +1.54% from 2024. The IMF projects 38.74% by 2025. Singapore ranked 7th globally.
Singapore's gross savings rate has demonstrated a significant trajectory over the past five decades, with the country's performance fluctuating between a peak and trough. At its all-time high in 1997, the gross savings rate reached 52.30, a testament to the nation's prudent financial management and strategic investment in human capital. Conversely, the 1973 gross savings rate of 25.36 marked a low point, underscoring the challenges faced by the fledgling economy during that period. In recent years, Singapore's gross savings rate has hovered around 38.74, a respectable figure that places it among the top seven globally. This stability is comparable to Norway's 40.08 gross savings rate, a country known for its robust social safety net and high standard of living. However, if the global economic landscape shifts toward increased uncertainty or a decline in international trade, Singapore's reliance on foreign investment and exports may necessitate a reassessment of its savings strategy to maintain economic resilience.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 40.10% | - | - |
| 2029* IMF | 40.08% | - | - |
| 2028* IMF | 39.35% | - | - |
| 2027* IMF | 38.48% | - | - |
| 2026* IMF | 38.16% | - | - |
| 2025* IMF | 38.74% | - | - |
| 2025 | 38.74% | −1.54% | #7 |
| 2024 | 40.28% | +1.34% | #9 |
| 2023 | 38.67% | −1.97% | #13 |
| 2022 | 41.31% | −2.51% | #15 |
| 2021 | 44.18% | +3.87% | #7 |
| 2020 | 41.63% | +1.74% | #8 |
| 2019 | 40.07% | −0.40% | #11 |
| 2018 | 41.36% | −4.52% | #10 |
| 2017 | 46.53% | +2.13% | #5 |
| 2016 | 45.04% | +1.00% | #3 |
| 2015 | 44.05% | −3.33% | #7 |
| 2014 | 47.30% | +1.61% | #9 |
| 2013 | 45.52% | −1.39% | #10 |
| 2012 | 47.25% | −1.66% | #12 |
| 2011 | 48.81% | −1.78% | #11 |
Detected Pattern
Analysis
Singapore matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw gross savings improve within 24 months. View full analysis →
Frequently Asked Questions
Singapore's gross savings was 38.74% in 2025. Ranked 7th globally. This represents a 3.8% decrease from the previous year.
Singapore's gross savings peaked at 52.30% in 1997.
The lowest gross savings in Singapore was 25.36% in 1973.
Singapore ranks 7th globally in gross savings as of 2025.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
Singapore's gross savings is projected to reach 38.74% by 2025 based on IMF projection.
The gross savings of Singapore in 2025 was 38.74%. This ranks 7th in the world.
Cite this page
@misc{historysaid_singapore_gross-savings,
title = {Singapore Gross Savings},
url = {https://historysaid.com/singapore/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}