Luxembourg: Adjusted savings, gross savings (% of GNI)

Key figures

What the numbers say

In 2021, Luxembourg's adjusted savings, gross savings (% of GNI) rose 3.77 percentage points on 2020 (from 29% to 32.77%).

Across the 21 yearly changes before that (2000 to 2020), the average change was −0.34 percentage points and a typical year strayed about 6.04 percentage points from that (the standard deviation). This year's change was 0.7 standard deviations above 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 7.88 percentage points in 2010 and the biggest yearly fall was 19.66 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 15% 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, Luxembourg had the 24th 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 Luxembourg in the 2021 ranking

• Uzbekistan — 21st of 132: 33.55%
• Azerbaijan — 22nd of 132: 33.52%
• Cabo Verde — 23rd of 132: 33.01%
• Nepal — 25th of 132: 32.5%
• Macao SAR, China — 26th of 132: 31.37%
• Malta — 27th of 132: 31.22%

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 23 values

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

• Albania — 19.56% (2021)
• Armenia — 16.97% (2021)
• Austria — 28.14% (2021)
• Azerbaijan — 33.52% (2021)
• Belarus — 30.37% (2021)
• Belgium — 26.19% (2021)
• Bosnia and Herzegovina — 20.93% (2021)
• Bulgaria — 21.88% (2021)
• Croatia — 24.62% (2021)
• Cyprus — 12.41% (2021)

More economic policy & debt data for Luxembourg

• GDP (current US$) — US$101.16 billion (2025)
• GDP (current LCU) — 89.52 billion (2025)
• GDP (constant 2015 US$) — US$70.96 billion (2025)
• GDP (constant LCU) — 68.96 billion (2025)
• GDP per capita (current US$) — US$147,252 (2025)
• GDP per capita (current LCU) — 130,314 (2025)
• GDP per capita (constant 2015 US$) — US$103,292 (2025)
• GDP per capita (constant LCU) — 100,385 (2025)
• GNI (current US$) — US$68.91 billion (2025)
• GNI (current LCU) — 60.98 billion (2025)
• GNI per capita (current LCU) — 88,769 (2025)

Reading data like this

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Questions people ask

What is Luxembourg's adjusted savings, gross savings (% of GNI)?

32.77% in 2021, according to the World Bank (World Development Indicators).

How has it changed since 1999?

It is down 3.27 percentage points from 36.05% in 1999. The highest value was 43.35% in 2007 and the lowest 18.51% in 2009.

How does Luxembourg rank?

24th highest of 132 economies with data for 2021.

Is the latest change in adjusted savings, gross savings (% of GNI) unusual for Luxembourg?

In 2021, Luxembourg's adjusted savings, gross savings (% of GNI) rose 3.77 percentage points on 2020 (from 29% to 32.77%). Across the 21 yearly changes before that (2000 to 2020), the average change was −0.34 percentage points and a typical year strayed about 6.04 percentage points from that (the standard deviation). This year's change was 0.7 standard deviations above 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.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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