Australia: Gross savings (% of GDP)

Key figures

What the numbers say

In 2025, Australia's gross savings (% of GDP) fell 0.77 percentage points on 2024 (from 22.92% to 22.15%).

Across the 30 yearly changes before that (1995 to 2024), the average change was +0.04 percentage points and a typical year strayed about 1.07 percentage points from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 2.07 percentage points in 2009 and the biggest yearly fall was 3.61 percentage points in 1991. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about 0.28 percentage points a year. A straight line explains 31% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Australia had the 60th highest value of the 100 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Australia in the 2025 ranking

• Iceland — 56th of 100: 22.6%
• Canada — 57th of 100: 22.22%
• Paraguay — 58th of 100: 22.2%
• Malaysia — 60th of 100: 22.04%
• Portugal — 61st of 100: 21.84%
• France — 62nd of 100: 21.61%

What this measures

Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 37 values

Gross savings (% of GDP) in nearby economies

• Brunei Darussalam — 45.33% (2025)
• Cambodia — 39.09% (2025)
• China — 42.72% (2024)
• Fiji — 13.06% (2024)
• French Polynesia — 23.29% (2016)
• Hong Kong SAR, China — 30.55% (2025)
• Indonesia — 35.04% (2025)
• Japan — 32.06% (2024)
• Kiribati — 12.85% (2024)
• Korea, Rep. — 35.6% (2025)
• Lao PDR — 17.64% (2016)
• Macao SAR, China

More economic policy & debt data for Australia

• Portfolio equity, net inflows (BoP, current US$) — US$18.94 billion (2025)
• Total reserves, including gold (current US$) — US$72.63 billion (2025)
• Total reserves, excluding gold (current US$) — US$62.12 billion (2025)
• General government final consumption expenditure (current US$) — US$416.34 billion (2025)
• General government final consumption expenditure (current LCU) — 643.28 billion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$418.83 billion (2025)
• General government final consumption expenditure (constant LCU) — 622.17 billion (2025)
• General government final consumption expenditure (% of GDP) — 23.15% (2025)

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Questions people ask

What is Australia's gross savings (% of GDP)?

22.15% in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1989?

It is down 3.51 percentage points from 25.66% in 1989. The highest value was 25.66% in 1989 and the lowest 18.32% in 1992.

How does Australia rank?

60th highest of 100 economies with data for 2025.

Is the latest change in gross savings (% of GDP) unusual for Australia?

In 2025, Australia's gross savings (% of GDP) fell 0.77 percentage points on 2024 (from 22.92% to 22.15%). Across the 30 yearly changes before that (1995 to 2024), the average change was +0.04 percentage points and a typical year strayed about 1.07 percentage points from that (the standard deviation). This year's change was 0.7 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NY.GNS.ICTR.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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