The gross savings of Russian Federation in 2024 amounted to 665 766 million USD, which is 3.55% more than in 2023, when it was 642 962 million USD. This is the first year of growth after a decline. Over the entire period of data from World Bank and OECD since 1994, this indicator has increased in 5.70 times. The lowest gross savings recorded in 1998, when it was 52 358 million USD. The maximum savings value of Russian Federation was in 2022, when it reached 749 488 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.
