USA: Savings, percent of GDP

The latest value from 2024 is 16.6 percent, a decline from 17.14 percent in 2023. In comparison, the world average is 22.67 percent, based on data from 143 countries. Historically, the average for the USA from 1970 to 2024 is 19.52 percent. The minimum value, 13.89 percent, was reached in 2009 while the maximum of 23.79 percent was recorded in 1973. See the global rankings for that indicator or use the country comparator to compare trends over time.

The savings in the USA 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.