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Singapore - Gross Savings 2022

Name: Singapore Gross Savings 2022
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Gross savings as % of GDP · World Bank

41.31% −2.51% from 2021 Global rank: 15th

Singapore's gross savings was 41.31% in 2022, decreased +2.51% from 44.18% in 2021. This was the 15th highest globally.

Global Ranking - 2022▾

Gross Savings by Country - 2022
Rank	Country	Value	YoY
1st	Qatar	57.42%	11.6%
2nd	Iraq	54.54%	169.9%
3rd	Kuwait	50.94%	28.4%
4th	Brunei Darussalam	50.38%	1.3%
5th	Tajikistan	50.23%	101.0%
6th	Norway	48.54%	21.4%
7th	Iran, Islamic Republic of	46.34%	-0.7%
8th	Zambia	45.41%	5.0%
9th	China	44.83%	0.4%
10th	Algeria	44.06%	15.7%
11th	Bermuda	43.58%	3.8%
12th	Congo, Republic of	43.43%	24.1%
13th	Zimbabwe	42.32%	-1.3%
14th	Azerbaijan	42.05%	33.4%
15th	Singapore	41.31%	-5.7%
16th	Gabon	40.87%	10.6%
17th	United Arab Emirates	40.75%	6.0%
18th	Bahrain	39.31%	14.1%
19th	Saudi Arabia	38.66%	26.9%
20th	San Marino	38.57%	1.1%
21st	South Sudan	38.55%	-36.8%
22nd	Cambodia	38.28%	4,715.7%
23rd	Indonesia	37.00%	16.6%
24th	Botswana	36.68%	30.3%
25th	Denmark	35.94%	10.6%
26th	Tanzania	35.79%	-4.0%
27th	Guyana	35.69%	318.1%
28th	Macao SAR, China	35.66%	18.7%
29th	Equatorial Guinea	35.47%	2.6%
30th	Chad	35.01%	7.6%
31st	Switzerland	34.89%	2.4%
32nd	Libya	34.49%	19.6%
33rd	Korea	34.38%	-6.4%
34th	Türkiye	33.99%	0.9%
35th	Bangladesh	33.95%	10.2%
36th	Panama	33.84%	12.6%
37th	Viet Nam	33.05%	7.7%
38th	Russian Federation	32.71%	9.6%
39th	Ireland	32.15%	-8.7%
40th	Nepal	31.44%	14.5%
41st	Oman	31.28%	40.2%
42nd	Congo, Democratic Republic of	30.80%	138.6%
43rd	Sweden	30.58%	-2.8%
44th	Suriname	30.49%	-9.4%
45th	Israel	30.10%	2.7%
46th	North Macedonia	29.92%	1.6%
47th	India	29.81%	-3.5%
48th	Uzbekistan	29.70%	7.3%
49th	Netherlands	29.64%	-8.6%
50th	Mauritania	29.37%	-19.7%
51st	Japan	28.77%	-3.2%
52nd	Benin	28.59%	15.8%
53rd	Myanmar	28.47%	-2.4%
54th	Kazakhstan	28.28%	12.4%
55th	Austria	28.02%	-4.7%
56th	Malta	27.82%	-14.2%
57th	Tonga	27.50%	2.6%
58th	Vanuatu	27.48%	-23.8%
59th	Czechia	27.28%	4.6%
60th	Mongolia	27.18%	18.6%
61st	Germany	27.03%	-8.6%
62nd	Morocco	26.91%	-4.5%
63rd	Malaysia	26.78%	3.0%
64th	Belarus	26.43%	-5.8%
65th	Thailand	26.31%	-0.9%
66th	Kiribati	25.90%	6.9%
67th	Sri Lanka	25.86%	-21.7%
68th	Estonia	25.74%	-5.7%
69th	Burundi	25.53%	179.8%
70th	Hong Kong SAR, China	25.41%	-11.2%
71st	Hungary	25.37%	-5.4%
72nd	Antigua and Barbuda	25.35%	-10.8%
73rd	Belgium	25.25%	-3.9%
74th	Kosovo	25.07%	-7.9%
75th	Australia	24.93%	-3.9%
76th	Finland	24.86%	-0.9%
77th	Dominican Republic	24.86%	-9.4%
78th	European Union	24.75%	-5.2%
79th	Canada	24.35%	0.3%
80th	Ecuador	24.26%	2.9%
81st	Slovenia	23.76%	-7.0%
82nd	Timor-Leste	23.62%	-44.7%
83rd	São Tomé and Principe	23.53%	57.0%
84th	Jamaica	23.37%	21.4%
85th	Spain	23.11%	2.0%
86th	Croatia	22.99%	2.9%
87th	Italy	22.78%	-5.5%
88th	Armenia	22.77%	16.4%
89th	France	22.49%	-5.2%
90th	Philippines	22.47%	14.5%
91st	Togo	22.45%	6.0%
92nd	Angola	22.37%	-51.5%
93rd	Niger	21.86%	23.1%
94th	Samoa	21.85%	-24.2%
95th	Trinidad and Tobago	21.69%	-1.4%
96th	Gambia, The	21.49%	19.0%
97th	Bosnia and Herzegovina	21.46%	-9.4%
98th	Lithuania	21.41%	-8.4%
99th	Uganda	21.40%	36.6%
100th	Iceland	21.33%	5.4%
101st	Bhutan	21.04%	-31.5%
102nd	Albania	20.93%	7.0%
103rd	Paraguay	20.77%	-9.4%
104th	Serbia	20.45%	-1.8%
105th	Bulgaria	20.19%	2.9%
106th	Mexico	20.00%	-6.4%
107th	Bahamas, The	19.77%	244.3%
108th	Eswatini	19.72%	1.9%
109th	Georgia	19.59%	88.9%
110th	Côte d'Ivoire	19.41%	1.9%
111th	Poland	19.39%	-5.5%
112th	Latvia	19.18%	-11.4%
113th	Cabo Verde	19.14%	8.6%
114th	El Salvador	19.07%	0.1%
115th	Honduras	18.92%	0.8%
116th	Senegal	18.91%	-23.1%
117th	Portugal	18.88%	-6.9%
118th	Ghana	18.71%	22.3%
119th	United States	18.69%	6.3%
120th	Belize	18.65%	5.3%
121st	Nigeria	18.64%	-0.3%
122nd	Peru	18.29%	-7.3%
123rd	Nicaragua	18.14%	-13.7%
124th	Grenada	17.81%	13.1%
125th	Guatemala	17.72%	-6.4%
126th	Romania	17.62%	-7.7%
127th	New Zealand	17.58%	-7.4%
128th	St. Lucia	17.29%	52.4%
129th	Mauritius	17.11%	35.6%
130th	Chile	16.89%	1.3%
131st	Argentina	16.84%	-13.4%
132nd	Maldives	16.68%	0.9%
133rd	Madagascar	16.44%	43.4%
134th	United Kingdom	16.43%	-4.7%
135th	Ukraine	16.42%	31.1%
136th	Lesotho	16.36%	-33.4%
137th	Kenya	16.26%	6.4%
138th	Bolivia, Plurinational State of	15.98%	15.4%
139th	St. Vincent and the Grenadines	15.98%	62.7%
140th	Brazil	15.89%	-7.1%
141st	Cameroon	15.61%	12.0%
142nd	St. Kitts and Nevis	15.61%	-41.4%
143rd	Egypt, Arab Republic of	15.59%	12.5%
144th	Mali	15.38%	8.5%
145th	South Africa	15.34%	-7.4%
146th	Uruguay	15.22%	-3.5%
147th	Aruba	14.91%	-0.6%
148th	Rwanda	14.82%	-7.7%
149th	Montenegro	14.67%	-9.5%
150th	West Bank and Gaza	14.56%	-10.5%
151st	Guinea-Bissau	14.40%	-17.7%
152nd	Comoros	14.12%	-11.7%
153rd	Costa Rica	13.95%	-9.5%
154th	Slovak Republic	13.81%	-22.8%
155th	Cyprus	13.71%	-3.2%
156th	Luxembourg	13.35%	-46.8%
157th	Colombia	12.38%	-6.8%
158th	Solomon Islands	11.76%	-0.9%
159th	Guinea	11.65%	-47.0%
160th	Haiti	11.60%	-37.2%
161st	Jordan	10.59%	-9.0%
162nd	Pakistan	10.43%	-24.0%
163rd	Dominica	10.28%	489.8%
164th	Moldova	10.05%	-30.4%
165th	Kyrgyz Republic	9.75%	-36.6%
166th	Burkina Faso	9.62%	-39.5%
167th	Sierra Leone	9.25%	35.9%
168th	Mozambique	8.40%	-56.0%
169th	Djibouti	7.82%	135.1%
170th	Greece	7.69%	-26.6%
171st	Barbados	6.86%	5.4%
172nd	Tunisia	6.33%	-31.6%
173rd	Namibia	5.47%	-12.8%
174th	Sudan	4.99%	112.9%
175th	Seychelles	4.61%	-69.3%
176th	Central African Republic	2.21%	-54.5%
177th	Afghanistan	-1.86%	-114.4%
178th	Malawi	-2.52%	59.2%
179th	Palau	-4.29%	8.7%
180th	Yemen, Republic of	-9.71%	-17.2%
181st	Lebanon	-21.78%	-1,739.8%

FAQ

What was Singapore's gross savings in 2022?▾

Singapore's gross savings in 2022 was 41.31%. This ranked 15th globally.

How did Singapore's gross savings change in 2022?▾

Singapore's gross savings decreased by 5.7% in 2022 compared to 2021.

Which country had the highest gross savings in 2022?▾

Qatar had the highest gross savings in 2022 at 57.42%.

What is the gross savings of Singapore in 2022?▾

The gross savings of Singapore in 2022 was 41.31%. This ranked 15th globally.

How does 2022 compare to 2021 for Singapore's gross savings?▾

Singapore's gross savings went from 44.18% in 2021 to 41.31% in 2022, a 5.7% decrease.

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