Australia vs Canada: Gross savings
Gross savings over time
- Australia
- Canada
How they compare
Canada currently reports 720.87 billion current LCU against 615.68 billion current LCU in Australia, a difference of 105.19 billion current LCU.
That makes Canada's figure about 1.2 times Australia's.
The two have swapped places 4 times across 37 shared years of data; in 1989 it was Canada ahead.
Globally, Australia ranks 70th and Canada ranks 67th of 177 countries.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.