Singapore - Gross Savings 2023
38.67%
−1.97% from 2022
Singapore's gross savings was 38.67% in 2023, decreased +1.97% from 41.31% in 2022. This was the 13th highest globally.
Global Ranking - 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 Singapore's gross savings in 2023?▾
Singapore's gross savings in 2023 was 38.67%. This ranked 13th globally.
How did Singapore's gross savings change in 2023?▾
Singapore's gross savings decreased by 4.8% 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 Singapore in 2023?▾
The gross savings of Singapore in 2023 was 38.67%. This ranked 13th globally.
How does 2023 compare to 2022 for Singapore's gross savings?▾
Singapore's gross savings went from 41.31% in 2022 to 38.67% in 2023, a 4.8% decrease.
Related
2022
2024
All years
Full ranking 2023
GDP
GDP per Capita
GDP Growth
GDP PPP
GNI
Peak: 1997
Lowest: 1973
Gross Savings 1990s
Gross Savings 2000s
Gross Savings 2010s
Gross Savings 2020s
Highest ever
Lowest ever
Average
vs Norway
vs Iceland
vs Cayman Islands
vs United States
ASEAN Gross Savings
Global Ranking