Gross savings | Philippines
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Primary data
Change
Per capita
In constant 2015 dollars
In local currency (average annual exchange rate)
In local currency (end-of-year exchange rate)
Per capita (local currency)
Percent of GDP
Table
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Overview
The gross savings of Philippines in 2024 amounted to 134 977 million USD, which is 12.96% more than in 2023, when it was 119 493 million USD. It has been growing in this country for already 3 years in a row. Over the entire period of data from World Bank and OECD since 1981, this indicator has increased in 10.93 times. The lowest gross savings recorded in 1986, when it was 6 285 million USD. The maximum savings value of Philippines was in 2024, when it reached 134 977 million USD. Gross national savings is the total amount of income that a country’s residents save, rather than spend, during the year.
Additional infomation:
About indicator
Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current U.S. dollars.
