Australia: Savings, in dollars
* indicates monthly or quarterly data series
| Australia |
Savings, billion USD |
|---|---|
| Latest value | 414.24 |
| Year | 2023 |
| Measure | billion U.S. dollars |
| Data availability | 1989 - 2023 |
| Average | 198.34 |
| Min - Max | 59.71 - 424.39 |
| Source | The World Bank |
The latest value from 2023 is 414.24 billion U.S. dollars, a decline from 424.39 billion U.S. dollars in 2022. In comparison, the world average is 216.52 billion U.S. dollars, based on data from 123 countries. Historically, the average for Australia from 1989 to 2023 is 198.34 billion U.S. dollars. The minimum value, 59.71 billion U.S. dollars, was reached in 1992 while the maximum of 424.39 billion U.S. dollars was recorded in 2022.
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Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current U.S. dollars.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Share of industry | 27.65 | 2023 | percent |
| Share of manufacturing | 5.36 | 2023 | percent |
| Share of services | 63.57 | 2023 | percent |
| Industry value added | 477.82 | 2023 | billion U.S. dollars |
| Manufacturing value added | 92.67 | 2023 | billion U.S. dollars |
| Services value added | 1,098.60 | 2023 | billion U.S. dollars |
| Savings, percent of GDP | 24.81 | 2023 | percent |
| Savings, in dollars | 414.24 | 2023 | billion U.S. dollars |