Saudi Arabia's adjusted savings, gross savings (% of GNI) was 24.09% in 2020, the latest year in the World Bank's World Development Indicators. That is down 18.9 percentage points from 42.99% in 2010.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 24.09% | 2020 |
| Five years earlier | 24.85% | 2015 |
| Ten years earlier | 42.99% | 2010 |
| Highest | 74.76% | 1974 |
| Lowest | 8.42% | 1991 |
| Average since 2011 | 35.38% | 2011–2020 |
| First recorded | 43.58% | 1971 |
What the numbers say
In 2020, Saudi Arabia's adjusted savings, gross savings (% of GNI) fell 9.48 percentage points on 2019 (from 33.56% to 24.09%).
Across the 30 yearly changes before that (1990 to 2019), the average change was +0.7 percentage points and a typical year strayed about 5.95 percentage points from that (the standard deviation). This year's change was 1.7 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 28.51 percentage points in 1974 and the biggest yearly fall was 15.96 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 2011 to 2020 the straight-line trend is downward, about 2.44 percentage points a year. A straight line explains 61% 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 2020, Saudi Arabia had the 6th highest value of the 20 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 Saudi Arabia in the 2020 ranking
- Sri Lanka — 2nd of 20: 33.09%
- Kiribati — 3rd of 20: 31.7%
- Tajikistan — 4th of 20: 31.01%
- Togo — 6th of 20: 22.31%
- Côte d'Ivoire — 7th of 20: 21.81%
- Benin — 8th of 20: 21.54%
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 50 values
| Year | Adjusted savings, gross savings (% of GNI) |
|---|---|
| 2020 | 24.09 |
| 2019 | 33.56 |
| 2018 | 34.86 |
| 2017 | 29.91 |
| 2016 | 26.59 |
| 2015 | 24.85 |
| 2014 | 38.09 |
| 2013 | 43.81 |
| 2012 | 48.21 |
| 2011 | 49.87 |
| 2010 |
Adjusted savings, gross savings (% of GNI) in nearby economies
More economic policy & debt data for Saudi Arabia
- Total reserves, including gold (current US$) — US$505.16 billion (2025)
- Total reserves, excluding gold (current US$) — US$459.8 billion (2025)
- GDP (current US$) — US$1.28 trillion (2025)
- GDP (current LCU) — 4.79 trillion (2025)
- GDP (constant 2015 US$) — US$926.78 billion (2025)
- GDP (constant LCU) — 4.9 trillion (2025)
- GDP per capita (current US$) — US$34,537 (2025)
- GDP per capita (current LCU) — 129,512 (2025)
- GDP per capita (constant 2015 US$) — US$25,066 (2025)
- GDP per capita (constant LCU) — 132,580 (2025)
Reading data like this
Questions people ask
- What is Saudi Arabia's adjusted savings, gross savings (% of GNI)?
- 24.09% in 2020, according to the World Bank (World Development Indicators).
- How has it changed since 1971?
- It is down 19.49 percentage points from 43.58% in 1971. The highest value was 74.76% in 1974 and the lowest 8.42% in 1991.
- How does Saudi Arabia rank?
- 6th highest of 20 economies with data for 2020.
- Is the latest change in adjusted savings, gross savings (% of GNI) unusual for Saudi Arabia?
- In 2020, Saudi Arabia's adjusted savings, gross savings (% of GNI) fell 9.48 percentage points on 2019 (from 33.56% to 24.09%). Across the 30 yearly changes before that (1990 to 2019), the average change was +0.7 percentage points and a typical year strayed about 5.95 percentage points from that (the standard deviation). This year's change was 1.7 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
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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