The ratio is calculated by dividing gross national savings, expressed in current local currency, by GDP in the same currency. Gross national savings represent gross disposable income minus final consumption expenditure, with an adjustment for pension funds factored in [SNA 1993]. For numerous countries, national saving estimates are derived from national accounts data on gross domestic investment combined with balance of payments data on net foreign investment.

STATS

Canada’s Gross National Savings as Percent of GDP in 2024

In 2024, Canada’s Gross National Savings as Percent of Gross Domestic Product (GDP) was 23.895%.

23.9%
2024 Canada’s Gross National Savings as Percent of GDP
23.3%
202. Canada’s Gross National Savings as Percent of GDP
0.6%
Growth in Canada’s Gross National Savings as Percent of GDP from 2023 to 2024

The annual growth in Canada’s Gross National Savings as Percent of GDP from 2024 to 2029.

Data Source:

Source Name:

International Monetary Fund, World Economic Outlook Database, April 2024

Source Link:

imf.org

Published Date:

October 2024

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