Hong Kong SAR, China: Adjusted savings, gross savings (% of GNI)

Key figures

What the numbers say

In 2021, Hong Kong SAR, China's adjusted savings, gross savings (% of GNI) rose 2.53 percentage points on 2020 (from 24.46% to 26.99%).

Across the 22 yearly changes before that (1999 to 2020), the average change was −0.26 percentage points and a typical year strayed about 1.29 percentage points from that (the standard deviation). This year's change was 2.2 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 2.53 percentage points in 2021 and the biggest yearly fall was 3.21 percentage points in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2021 there is no clear straight-line trend: a straight line explains 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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

How it compares

In 2021, Hong Kong SAR, China had the 52nd highest value of the 132 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 Hong Kong SAR, China in the 2021 ranking

• Hungary — 48th of 132: 27.37%
• Belize — 49th of 132: 27.12%
• Japan — 50th of 132: 27.08%
• Malaysia — 52nd of 132: 26.79%
• Kosovo — 53rd of 132: 26.71%
• Slovenia — 54th of 132: 26.26%

What this measures

Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.

Limitations: Because gross savings is calculated as a residual it includes errors, which may not be offsetting, in its components.

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

All 24 values

Adjusted savings, gross savings (% of GNI) in nearby economies

• Australia — 26.06% (2021)
• Brunei Darussalam — 49.44% (2021)
• Cambodia — 30.17% (2021)
• China — 45.3% (2021)
• Fiji — 16.41% (2020)
• Indonesia — 33.98% (2021)
• Japan — 27.08% (2021)
• Kiribati — 31.7% (2020)
• Korea, Rep. — 36.19% (2021)
• Lao PDR — 18.43% (2016)

More economic policy & debt data for Hong Kong SAR, China

• General government final consumption expenditure (current US$) — US$53.72 billion (2025)
• General government final consumption expenditure (current LCU) — 418.83 billion (2025)
• General government final consumption expenditure (% of GDP) — 12.57% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$282.93 billion (2025)
• Households and NPISHs final consumption expenditure (current LCU) — 2.21 trillion (2025)
• Households and NPISHs final consumption expenditure (% of GDP) — 66.21% (2025)
• Final consumption expenditure (current US$) — US$336.64 billion (2025)
• Final consumption expenditure (current LCU)

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Questions people ask

What is Hong Kong SAR, China's adjusted savings, gross savings (% of GNI)?

26.99% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1998?

It is down 3.13 percentage points from 30.11% in 1998. The highest value was 34.17% in 2006 and the lowest 22.88% in 2019.

How does Hong Kong SAR, China rank?

52nd highest of 132 economies with data for 2021.

Is the latest change in adjusted savings, gross savings (% of GNI) unusual for Hong Kong SAR, China?

In 2021, Hong Kong SAR, China's adjusted savings, gross savings (% of GNI) rose 2.53 percentage points on 2020 (from 24.46% to 26.99%). Across the 22 yearly changes before that (1999 to 2020), the average change was −0.26 percentage points and a typical year strayed about 1.29 percentage points from that (the standard deviation). This year's change was 2.2 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator NY.ADJ.ICTR.GN.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); 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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