China Gross Savings Rate
China Gross Savings Rate was measured at 44.2 % in Dec 2019, compared with 44.7 % in the previous year. China Gross Savings Rate is updated yearly, available from Dec 1952 to Dec 2019, with an average rate of 36.5 %. The data reached an all-time high of 50.7 % in Dec 2010 and a record low of 16.5 % in Dec 1962. CEIC calculates Gross Domestic Savings Rate from annual Gross Domestic Savings and annual Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. The National Bureau of Statistics provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
In the latest reports, China GDP expanded 4.9 % YoY in Sep 2020. China Nominal GDP reached 3,849.8 USD bn in Sep 2020. Its GDP deflator (implicit price deflator) increased 0.6 % in Sep 2020. China GDP Per Capita reached 10,263.7 USD in Dec 2019.
View China's Gross Savings Rate from 1952 to 2019 in the chart:
What was China's Gross Savings Rate in 2019?
|44.2 2019||44.7 2018||16.5 1962||50.7 2010||%||yearly||1952 - 2019|
Gross Savings Rate by Country Comparison
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|Albania (%)||8.8 Sep 2020||quarterly||Mar 2008 - Sep 2020|
|Algeria (%)||37.6 2016||yearly||2000 - 2016|
|Argentina (%)||22.8 Sep 2020||quarterly||Mar 2004 - Sep 2020|
|Armenia (%)||10.3 Sep 2020||quarterly||Dec 1994 - Sep 2020|
|Australia (%)||25.4 Sep 2020||quarterly||Sep 1959 - Sep 2020|
|Austria (%)||27.3 Sep 2020||quarterly||Mar 1995 - Sep 2020|
|Azerbaijan (%)||27.6 Mar 2020||quarterly||Mar 2001 - Mar 2020|
|Bahrain (%)||31.6 2018||yearly||1989 - 2018|
|Bangladesh (%)||30.1 2020||yearly||2006 - 2020|
|Belarus (%)||35.3 Sep 2020||quarterly||Mar 1992 - Sep 2020|
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China Key Series
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|Government and Public Finance||Last||Frequency||Range|
|Consolidated Fiscal Balance: % of GDP (%)||-5.8 Sep 2020||quarterly||Dec 1995 - Sep 2020|
|Consolidated Fiscal Balance (USD mn)||48,725.726 Oct 2020||monthly||Jan 1995 - Oct 2020|
|Tax Revenue (USD mn)||139,075.255 Nov 2020||monthly||Jan 1995 - Nov 2020|
|Tax Revenue: % of GDP (%)||13.9 Sep 2020||quarterly||Mar 1995 - Sep 2020|
|National Government Debt (USD mn)||2,413,715.4 2019||yearly||2005 - 2019|
|Government Debt: % of GDP (%)||18.0 Jun 2020||quarterly||Mar 2014 - Jun 2020|
|Forecast: Government Expenditure (RMB bn)||50,816.686 2025||yearly||1982 - 2025|
|Forecast: Government Net Debt (RMB bn)||119,832.398 2025||yearly||1995 - 2025|
|Forecast: Government Revenue (RMB bn)||38,329.759 2025||yearly||1982 - 2025|
|Foreign Debts: Qtr: Total (USD mn)||2,294,400.000 Sep 2020||quarterly||Jun 2003 - Sep 2020|
|Foreign Debts: Qtr: Long Term (USD mn)||998,800.000 Sep 2020||quarterly||Jun 2003 - Sep 2020|
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