Gross national savings — all countries

Gross national savings — San Marino

Gross national savings in San Marino in 2023 — 38.6%. Ranked 9 in the world out of 156. Since 2017, the indicator has risen by 3.9 pp.

2023 38.6% +0 pp vs 2022
World rank 9of 156
Period maximum 38.6%2023
Period minimum 31.5%2020

Trend over time

2017–2023 · % of GDP

Gross national savings — San Marino, 2017–202330323436384020172018201920202021202220232017: 34.7%2018: 34.6%2019: 35.5%2020: 31.5%2021: 38.2%2022: 38.6%2023: 38.6%
Change over the period: +3.9 pp Annual average: 0.65 pp

Comparison, 2023

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

San Marino 38.6%
World 26.2%
Southern Europe computed 22.7%
High-income countries computed 22.5%
Gross national savings — San Marino, by year San Marino All countries CSV XLSX
Year % Change, pp
2023 38.6 +0 pp
2022 38.6 +0.4 pp
2021 38.2 +6.7 pp
2020 31.5 −4.1 pp
2019 35.5 +0.9 pp
2018 34.6 −0.1 pp
2017 34.7

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.