Luxembourg: Savings, percent of GDP
* indicates monthly or quarterly data series
| Luxembourg |
Savings as percent of GDP |
|---|---|
| Latest value | 17.00 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1999 - 2023 |
| Average | 24.27 |
| Min - Max | 11.80 - 36.85 |
| Source | The World Bank |
The latest value from 2023 is 17 percent, a decline from 18.53 percent in 2022. In comparison, the world average is 23.44 percent, based on data from 96 countries. Historically, the average for Luxembourg from 1999 to 2023 is 24.27 percent. The minimum value, 11.8 percent, was reached in 2009 while the maximum of 36.85 percent was recorded in 2007.
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* indicates monthly or quarterly data series
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The savings in Luxembourg 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.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Share of industry | 10.47 | 2023 | percent |
| Share of manufacturing | 3.53 | 2023 | percent |
| Share of services | 80.60 | 2023 | percent |
| Industry value added | 8.98 | 2023 | billion U.S. dollars |
| Manufacturing value added | 3.03 | 2023 | billion U.S. dollars |
| Services value added | 69.12 | 2023 | billion U.S. dollars |
| Savings, percent of GDP | 17.00 | 2023 | percent |
| Savings, in dollars | 14.58 | 2023 | billion U.S. dollars |