Gross national savings — all countries

Gross national savings — Denmark

Gross national savings in Denmark in 2024 — 35.4%. Ranked 15 in the world out of 146. Since 1975, the indicator has risen by 14.1 pp.

2024 35.4% +0.8 pp vs 2023
World rank 15of 146
Period maximum 35.9%2022
Period minimum 15.8%1982

Trend over time

1975–2024 · % of GDP

Gross national savings — Denmark, 1975–202410203040197519801985199019952000200520102015202020241975: 21.3%1976: 21.1%1977: 21.8%1978: 22.2%1979: 20.5%1980: 18.5%1981: 15.9%1982: 15.8%1983: 17.4%1984: 19%1985: 19.1%1986: 20.4%1987: 21.2%1988: 21.1%1989: 21.5%1990: 22.6%1991: 21.6%1992: 22%1993: 22%1994: 21.7%1995: 22.8%1996: 22.9%1997: 23.8%1998: 23.4%1999: 24.2%2000: 24.9%2001: 25.9%2002: 25.2%2003: 25.2%2004: 25.8%2005: 26.2%2006: 27.5%2007: 26.5%2008: 26.9%2009: 22.6%2010: 24.2%2011: 25.3%2012: 25.3%2013: 26.7%2014: 28.5%2015: 28.5%2016: 28.8%2017: 29.3%2018: 28.8%2019: 29.3%2020: 30%2021: 32.5%2022: 35.9%2023: 34.6%2024: 35.4%
Change over the period: +14.1 pp Annual average: 0.29 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Denmark

Denmark 35.4%
World 26.1%
Northern Europe computed 23.3%
Gross national savings — Denmark, by year Denmark All countries CSV XLSX
Year % Change, pp
2024 35.4 +0.8 pp
2023 34.6 −1.3 pp
2022 35.9 +3.4 pp
2021 32.5 +2.5 pp
2020 30 +0.7 pp
2019 29.3 +0.5 pp
2018 28.8 −0.4 pp
2017 29.3 +0.5 pp
2016 28.8 +0.3 pp
2015 28.5 −0 pp
2014 28.5 +1.8 pp
2013 26.7 +1.4 pp
2012 25.3 −0.1 pp
2011 25.3 +1.1 pp
2010 24.2 +1.6 pp
2009 22.6 −4.3 pp
2008 26.9 +0.4 pp
2007 26.5 −0.9 pp
2006 27.5 +1.2 pp
2005 26.2 +0.5 pp
2004 25.8 +0.6 pp
2003 25.2 −0 pp
2002 25.2 −0.7 pp
2001 25.9 +1 pp
2000 24.9 +0.6 pp
1999 24.2 +0.8 pp
1998 23.4 −0.4 pp
1997 23.8 +0.9 pp
1996 22.9 +0.1 pp
1995 22.8 +1.1 pp
1994 21.7 −0.3 pp
1993 22 −0 pp
1992 22 +0.4 pp
1991 21.6 −1 pp
1990 22.6 +1.1 pp
1989 21.5 +0.3 pp
1988 21.1 −0.1 pp
1987 21.2 +0.8 pp
1986 20.4 +1.3 pp
1985 19.1 +0.1 pp
1984 19 +1.6 pp
1983 17.4 +1.6 pp
1982 15.8 −0.1 pp
1981 15.9 −2.6 pp
1980 18.5 −2 pp
1979 20.5 −1.7 pp
1978 22.2 +0.3 pp
1977 21.8 +0.7 pp
1976 21.1 −0.1 pp
1975 21.3

About the indicator

Gross national savings as a percent of GDP — what is left of national income after all consumption, private and public. Savings and capital formation differ by the balance of external transactions: a country that saves more than it invests at home exports capital, and one that invests more than it saves imports it. Hence the stable link with the current account balance, which is exactly what this indicator makes visible.

Important: The difference between savings and capital formation is approximately equal to the current account balance — that is an identity of the national accounts, not a coincidence.

Source: World Development Indicators (World Bank), license CC BY 4.0.