Canada Gross Savings Rate
1961 - 2024 | Quarterly | % | CEIC Data
Key information about Canada Gross Savings Rate
- Canada Gross Savings Rate was measured at 25.2% in Sep 2024, compared with 25.2% in the previous quarter.
- Canada Gross Savings Rate is updated quarterly, with data available from Mar 1961 to Sep 2024, and an average rate of 25.2%.
- The data reached an all-time high of 25.2% in Sep 1966 and a record low of 16.3% in Mar 1992.
- CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. Statistics Canada provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
- In the latest reports, Canada GDP expanded 2.2% YoY in Mar 2023.
- Canada Nominal GDP reached 520,294.6 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 1.4% in Mar 2023.
- Canada GDP Per Capita reached 54,090.1 USD in Jun 2022.
View Canada's Gross Savings Rate from Mar 1961 to Sep 2024 in the chart:
What was Canada's Gross Savings Rate in Sep 2024?
Canada Gross Savings Rate was measured at 25.2% in Sep 2024, compared with 25.2% in the previous quarter. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 25.2 Sep 2024 | 21.5 Jun 2024 | 16.3 Mar 1992 | 34.7 Sep 1966 | % | quarterly | Mar 1961 - Sep 2024 |
Gross Savings Rate by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 17.3 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Algeria (%) | 36.1 2021 | yearly | 2000 - 2021 |
| Argentina (%) | 11.0 Mar 2023 | quarterly | Mar 2004 - Mar 2023 |
| Armenia (%) | 29.9 Dec 2024 | quarterly | Dec 1994 - Dec 2024 |
| Australia (%) | 29.6 Dec 2022 | quarterly | Sep 1959 - Dec 2022 |
| Austria (%) | 24.4 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Azerbaijan (%) | 29.9 Sep 2024 | quarterly | Mar 2001 - Sep 2024 |
| Bahrain (%) | 38.1 2022 | yearly | 1989 - 2022 |
| Bangladesh (%) | 30.4 2021 | yearly | 2006 - 2021 |
| Belarus (%) | 28.3 Sep 2024 | quarterly | Mar 1992 - Sep 2024 |
| Belgium (%) | 22.1 Sep 2024 | quarterly | Mar 1980 - Sep 2024 |
| Bolivia (%) | 14.8 Sep 2024 | quarterly | Mar 1990 - Sep 2024 |
| Bosnia and Herzegovina (%) | 24.2 Sep 2024 | quarterly | Mar 2008 - Sep 2024 |
| Botswana (%) | 20.1 Sep 2024 | quarterly | Mar 1994 - Sep 2024 |
| Brazil (%) | 11.9 Dec 2024 | quarterly | Mar 1991 - Dec 2024 |
| Brunei (%) | 60.0 Sep 2022 | quarterly | Mar 2004 - Sep 2022 |
| Bulgaria (%) | 20.1 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Cambodia (%) | 34.1 2022 | yearly | 1993 - 2022 |
| Canada (%) | 25.2 Sep 2024 | quarterly | Mar 1961 - Sep 2024 |
| Chile (%) | 20.7 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| China (%) | 44.3 2023 | yearly | 1952 - 2023 |
| Colombia (%) | 8.6 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
| Croatia (%) | 12.0 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Cyprus (%) | 16.9 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Czech Republic (%) | 30.4 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Denmark (%) | 34.9 Dec 2024 | quarterly | Mar 1990 - Dec 2024 |
| Ecuador (%) | 21.1 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
| Egypt (%) | 7.8 2023 | yearly | 1969 - 2023 |
| Estonia (%) | 29.7 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
| European Union (%) | 25.7 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Finland (%) | 23.6 Dec 2024 | quarterly | Mar 1990 - Dec 2024 |
| France (%) | 14.2 Dec 2017 | quarterly | Mar 1949 - Dec 2017 |
| Georgia (%) | 26.3 Sep 2024 | quarterly | Mar 1996 - Sep 2024 |
| Germany (%) | 29.6 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
| Ghana (%) | 11.1 2024 | yearly | 2006 - 2024 |
| Greece (%) | 14.1 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Hong Kong SAR, China (%) | 30.2 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Hungary (%) | 31.0 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Iceland (%) | 23.5 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| India (%) | 30.7 2024 | yearly | 1951 - 2024 |
| Indonesia (%) | 35.0 Dec 2024 | quarterly | Mar 2010 - Dec 2024 |
| Iran (%) | 26.4 Mar 2024 | quarterly | Jun 1988 - Mar 2024 |
| Ireland (%) | 58.8 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Israel (%) | 27.2 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Italy (%) | 25.0 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Ivory Coast (%) | 23.9 2023 | yearly | 1960 - 2023 |
| Japan (%) | 28.8 Mar 2022 | quarterly | Mar 1980 - Mar 2022 |
| Jordan (%) | 3.0 2023 | yearly | 1963 - 2023 |
| Kazakhstan (%) | 44.9 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Kenya (%) | 11.9 2023 | yearly | 2006 - 2023 |
| South Korea (%) | 34.0 Dec 2022 | quarterly | Mar 1970 - Dec 2022 |
| Kosovo (%) | 21.9 Sep 2024 | quarterly | Mar 2010 - Sep 2024 |
| Kuwait (%) | 44.9 2022 | yearly | 1970 - 2022 |
| Kyrgyzstan (%) | -4.1 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
| Laos (%) | 18.4 2016 | yearly | 2000 - 2016 |
| Latvia (%) | 21.4 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Lebanon (%) | -25.5 2021 | yearly | 1990 - 2021 |
| Lithuania (%) | 29.6 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| Luxembourg (%) | 52.5 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Macau SAR, China (%) | 16.6 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| North Macedonia (%) | 17.0 Dec 2024 | quarterly | Mar 2000 - Dec 2024 |
| Malawi (%) | 11.2 2019 | yearly | 1977 - 2019 |
| Malaysia (%) | 26.9 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Malta (%) | 32.5 Dec 2024 | quarterly | Mar 1992 - Dec 2024 |
| Mauritius (%) | 19.0 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Mexico (%) | 18.0 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Moldova (%) | -7.1 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Mongolia (%) | 35.8 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
| Montenegro (%) | -5.1 Dec 2024 | quarterly | Mar 2010 - Dec 2024 |
| Morocco (%) | 28.6 2023 | yearly | 1975 - 2023 |
| Mozambique (%) | 4.8 2023 | yearly | 1969 - 2022 |
| Myanmar (%) | 28.7 2018 | yearly | 1996 - 2018 |
| Nepal (%) | 35.6 2024 | yearly | 2001 - 2024 |
| Netherlands (%) | 28.9 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
| New Zealand (%) | 20.3 Sep 2022 | quarterly | Jun 1987 - Sep 2022 |
| Nigeria (%) | 34.6 2023 | yearly | 1981 - 2023 |
| Norway (%) | 39.1 Dec 2024 | quarterly | Mar 1978 - Dec 2024 |
| Oman (%) | 30.7 2023 | yearly | 1980 - 2023 |
| Pakistan (%) | 6.3 2024 | yearly | 2000 - 2024 |
| Palestinian Territory (%) | 1.3 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
| Panama (%) | 41.1 2023 | yearly | 1960 - 2023 |
| Paraguay (%) | 18.4 Sep 2024 | quarterly | Mar 1994 - Sep 2024 |
| Peru (%) | 27.3 Dec 2024 | quarterly | Mar 1990 - Dec 2024 |
| Philippines (%) | 10.8 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
| Poland (%) | 27.3 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Portugal (%) | 26.9 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Qatar (%) | 66.3 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
| Romania (%) | 18.3 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Russia (%) | 30.4 Sep 2024 | quarterly | Mar 1993 - Sep 2024 |
| Saudi Arabia (%) | 32.0 Dec 2024 | quarterly | Mar 2003 - Dec 2024 |
| Serbia (%) | 20.5 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Singapore (%) | 47.5 2024 | yearly | 1960 - 2024 |
| Slovakia (%) | 15.9 Dec 2024 | quarterly | Mar 1995 - Dec 2024 |
| Slovenia (%) | 28.0 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
| South Africa (%) | 13.7 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
| Spain (%) | 23.7 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Sri Lanka (%) | 26.1 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| Sudan (%) | 13.7 2014 | yearly | 1960 - 2014 |
| Sweden (%) | 30.2 Dec 2024 | quarterly | Mar 1980 - Dec 2024 |
| Switzerland (%) | 31.7 Dec 2024 | quarterly | Mar 1990 - Dec 2024 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doCanada Key Series
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -1.6 Dec 2024 | quarterly | Jun 1993 - Dec 2024 |
| Consolidated Fiscal Balance (USD mn) | 703.306 Dec 2024 | monthly | May 1992 - Dec 2024 |
| Tax Revenue (USD mn) | 26,706.675 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| Tax Revenue: % of GDP (%) | 13.0 Dec 2024 | quarterly | Mar 1996 - Dec 2024 |
| National Government Debt (USD mn) | 1,519,779.9 2024 | yearly | 1962 - 2024 |
| Government Debt: % of GDP (%) | 69.4 2024 | yearly | 1962 - 2024 |
| Forecast: Government Expenditure (CAD bn) | 1,546.047 2029 | yearly | 1980 - 2029 |
| Forecast: Government Net Debt (CAD bn) | 3,127.329 2028 | yearly | 1980 - 2028 |
| Forecast: Government Revenue (CAD bn) | 1,523.743 2029 | yearly | 1980 - 2029 |
| Budgetary Revenue: Tax Revenues (TR) (CAD mn) | 38,049.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| Budgetary Revenue (CAD mn) | 44,335.000 Dec 2024 | monthly | May 1992 - Dec 2024 |
| Budgetary Balance: Deficit or Surplus (CAD mn) | 1,002.000 Dec 2024 | monthly | May 1992 - Dec 2024 |
| Budgetary Revenue: TR: Excise Taxes & Duties (CAD mn) | 6,472.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| Budgetary Expense (CAD mn) | -43,333.000 Dec 2024 | monthly | May 1992 - Dec 2024 |
| FIN Forecast: Budgetary Revenue (CAD mn) | 612,800.000 2030 | yearly | 1996 - 2030 |
| FIN Forecast: Budgetary Expense (CAD mn) | 643,700.000 2030 | yearly | 1996 - 2030 |
| FIN Forecast: Budgetary Balance (CAD mn) | -23,000.000 2030 | yearly | 1996 - 2030 |
| FIN Forecast: Budgetary Revenue: Tax: Excise Taxes & Duties (ET) (CAD mn) | 84,700.000 2030 | yearly | 2000 - 2030 |
| Net Financing Activities (CAD mn) | 18,326.000 Dec 2024 | monthly | Jan 1996 - Dec 2024 |
| FIN Forecast: Federal Debt (CAD mn) | 1,435,700.000 2030 | yearly | 1997 - 2030 |
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 3.003 2029 | yearly | 1980 - 2029 |
| Trade Balance (USD mn) | 2,760.8 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Total Exports (USD mn) | 51,751.0 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Total Exports Growth (%) | 20.3 Jan 2025 | monthly | Jan 1989 - Jan 2025 |
| Aluminum: Exports (USD th) | 10,038,642.351 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 8,523,307.384 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 1,163,157.014 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 48,990.2 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Total Imports Growth (%) | 14.1 Jan 2025 | monthly | Jan 1989 - Jan 2025 |
| Imports: Medicament (USD th) | 11,834,156.934 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 7,945,480.562 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 40,444.298 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Total Imports from USA (USD mn) | 30,440.336 Jan 2025 | monthly | Jan 1997 - Jan 2025 |
| Total Exports to China (USD mn) | 2,133.435 Jan 2025 | monthly | Jan 1997 - Jan 2025 |
| Total Imports from China (USD mn) | 3,731.323 Jan 2025 | monthly | Jan 1997 - Jan 2025 |
| Coal Exports (kton) | 2,125.000 Nov 2024 | monthly | Jan 1977 - Nov 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Light Emitting Diodes ... (CAD th) | 9,394.499 Dec 2024 | monthly | Jan 2022 - Dec 2024 |
| Imports: Value: HS: Photosensitive Semiconductor Devices, Photovoltaic Cells ass... (CAD th) | 4,954.608 Dec 2024 | monthly | Jan 2022 - Dec 2024 |
| Import Value (Val): HS: Iron and Steel (IS) (CAD th) | 844,825.938 Jan 2025 | monthly | Jan 1988 - Jan 2025 |
| Import Value Index (2015=100) | 117.179 2021 | yearly | 1995 - 2021 |
| Export Value Index (2015=100) | 123.790 2021 | yearly | 1995 - 2021 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 0.6 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Household Debt: % of GDP (%) | 99.0 Dec 2024 | quarterly | Mar 1969 - Dec 2024 |
| Money Supply M1 (USD mn) | 1,118,688.194 Dec 2024 | monthly | Mar 1975 - Dec 2024 |
| Money Supply M2 (USD mn) | 1,832,025.000 Dec 2024 | monthly | Jan 1968 - Dec 2024 |
| M2 Growth (%) | 6.1 Dec 2024 | monthly | Jan 1969 - Dec 2024 |
| Foreign Exchange Reserves (USD mn) | 91,801.0 Feb 2025 | monthly | Jun 1999 - Feb 2025 |
| Foreign Exchange Reserves: % of GDP (%) | 4.192 Dec 2024 | quarterly | Jun 1999 - Dec 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.0 Jan 2025 | monthly | Jun 1999 - Jan 2025 |
| Gold Reserves (USD mn) | 0.000 Feb 2025 | monthly | Dec 1956 - Feb 2025 |
| Total Deposits (USD mn) | 4,370,496.703 Dec 2024 | monthly | Jan 2009 - Dec 2024 |
| Total Deposits Growth (%) | 6.1 Dec 2024 | monthly | Jan 2010 - Dec 2024 |
| Domestic Credit (USD mn) | 4,531,668.1 Dec 2024 | monthly | Jan 1969 - Dec 2024 |
| Domestic Credit Growth (%) | 3.9 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Debt Service Ratio: Households (%) | 14.400 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Debt Service Ratio: Private Non-Financial Sector (%) | 25.200 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| Credit to Households (USD bn) | 2,245.143 Sep 2024 | quarterly | Mar 1969 - Sep 2024 |
| Credit to Private Non-Financial Sector (USD bn) | 4,889.449 Sep 2024 | quarterly | Mar 1954 - Sep 2024 |
| Household Debt (USD mn) | 2,110,945.1 Dec 2024 | monthly | Jan 1969 - Dec 2024 |
| Total Loans (USD mn) | 3,076,370.833 Dec 2024 | monthly | Jan 1969 - Dec 2024 |
| Total Loans Growth (%) | 3.38 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Private Debt: % of Nominal GDP (%) | 212.62 Dec 2024 | quarterly | Mar 1969 - Dec 2024 |
| Money Supply: M1+: Gross: sa (CAD mn) | 1,610,911.000 Dec 2024 | monthly | Mar 1975 - Dec 2024 |
| Money Supply: M3: Gross (CAD mn) | 3,817,749.000 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Money Supply: M2+: M2: Gross (CAD mn) | 2,648,681.000 Dec 2024 | monthly | Jan 1968 - Dec 2024 |
| Money Supply: M1+: Gross (CAD mn) | 1,623,406.000 Dec 2024 | monthly | Mar 1975 - Dec 2024 |
| Money Supply: M3: Gross: sa (CAD mn) | 3,800,470.000 Dec 2024 | monthly | Jan 1970 - Dec 2024 |
| Money Supply: M2+: M2: Gross: sa (CAD mn) | 2,638,116.000 Dec 2024 | monthly | Jan 1968 - Dec 2024 |
| Official International Reserves: Gold (USD mn) | 0.000 Feb 2025 | monthly | Dec 1994 - Feb 2025 |
| Official International Reserves (USD mn) | 119,595.000 Feb 2025 | monthly | Dec 1994 - Feb 2025 |
| Business and Economic Survey | Last | Frequency | Range |
|---|---|---|---|
| Business Confidence Growth (% Point) | 2.8 Feb 2025 | monthly | Dec 2001 - Feb 2025 |
| Purchasing Manager Index: Seasonally Adjusted (NA) | 55.300 Feb 2025 | monthly | Dec 2000 - Feb 2025 |
More Indicators for Canada
Request a demo of CEIC
CEIC’s economic databases cover over 200 global markets. Our Platform offers the most reliable macroeconomic data and advanced analytical tools.
Please note, product demos are not available for students. Please click here to find out more about the version of CEIC available for student users.