GVA and savings linked
Comparing Gross domestic savings (current LCU), per capita with Gross value added at basic prices (GVA) (constant LCU), per unit of GDP across 170 countries, 2011–2025.
- Rank correlation
- +0.57
- Holding size constant
- +0.63
- Countries compared
- 170
- Period
- 2011–2025
What might link these
The relationship between GVA and gross domestic savings might be driven by a country's overall economic productivity and stability, as higher GVA could indicate a stronger economy, which in turn could lead to higher savings. A careful reader should be cautious about potential confounders like education level or institutional quality. However, the control for population and GDP suggests the relationship is not solely due to these factors.
Why this is not proof of anything
This is a correlation across countries, not an experiment. It cannot show that either indicator causes the other, and both may simply follow a third thing. Correlation does not imply causation, and other factors like government policies or cultural attitudes towards savings could be driving this relationship.
The second figure above repeats the measurement with national population and income held constant. It is the more conservative number: a relationship that largely disappears there was mostly telling you that larger, richer countries have more of most things.
How this was measured
Both indicators were ranked across every country reporting each, and the two rankings compared — ranks rather than raw values, because a handful of very large countries can otherwise manufacture a relationship on their own. The calculation is arithmetic over figures already published on this site; the commentary above is drafted from the two indicator names and the resulting coefficients.