Germany: Savings, percent of GDP

* indicates monthly or quarterly data series
 Germany

Savings as percent of GDP

 Latest value 30.17
 Year 2023
 Measure percent
 Data availability 1971 - 2023
 Average 24.14
 Min - Max 18.01 - 30.87
 Source The World Bank
The latest value from 2023 is 30.17 percent, an increase from 29.18 percent in 2022. In comparison, the world average is 23.44 percent, based on data from 96 countries. Historically, the average for Germany from 1971 to 2023 is 24.14 percent. The minimum value, 18.01 percent, was reached in 1981 while the maximum of 30.87 percent was recorded in 2021. 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
Germany - Savings, percent of GDP - Recent values chart

Historical series
Germany - Savings, percent of GDP - historical chart - 1971-2023




The savings in Germany 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 26.84 2023 percent
 Share of manufacturing 18.54 2023 percent
 Share of services 63.69 2023 percent
 Industry value added 1,214.84 2023 billion U.S. dollars
 Manufacturing value added 838.89 2023 billion U.S. dollars
 Services value added 2,882.45 2023 billion U.S. dollars
 Savings, percent of GDP 30.17 2023 percent
 Savings, in dollars 1,203.28 2023 billion U.S. dollars
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