Colombia: Savings, percent of GDP

* indicates monthly or quarterly data series
 Colombia

Savings as percent of GDP

 Latest value 10.80
 Year 2023
 Measure percent
 Data availability 1968 - 2023
 Average 17.25
 Min - Max 10.80 - 22.94
 Source The World Bank
The latest value from 2023 is 10.8 percent, a decline from 13.54 percent in 2022. In comparison, the world average is 23.44 percent, based on data from 96 countries. Historically, the average for Colombia from 1968 to 2023 is 17.25 percent. The minimum value, 10.8 percent, was reached in 2023 while the maximum of 22.94 percent was recorded in 1991. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Colombia - Savings, percent of GDP - Recent values chart

Historical series
Colombia - Savings, percent of GDP - historical chart - 1968-2023




The savings in Colombia and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.

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 Related indicators Latest Reference Measure
 Share of industry 24.55 2023 percent
 Share of manufacturing 10.90 2023 percent
 Share of services 56.89 2023 percent
 Industry value added 89.25 2023 billion U.S. dollars
 Manufacturing value added 39.64 2023 billion U.S. dollars
 Services value added 206.78 2023 billion U.S. dollars
 Savings, percent of GDP 10.80 2023 percent
 Savings, in dollars 41.12 2023 billion U.S. dollars
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