Top 7 saving countries in Asia

Seven Asian states are the best saving countries in the world with gross national saving, a measure that accounts for both private and public savings according to the data from the International Monetary Fund (IMF), reports Business Asia One.

According to the data, China saves the most money in absolute terms, an estimated $9.25 trillion (S$12.7 trillion).

The high gross national saving countries are the oil-producing countries in the Middle East and emerging countries in Asia.

On the list, Qatar comes first with its gross national saving of 51.4% of GDP. Secondly, Singapore (47.4% of GDP) and thirdly China (47.4% of GDP) are listed.

South Korea is the fourth (35.7% of GDP), Botswana is fifth (35.6% of GDP), Norway is sixth (35.2% of GDP), Nepal is seventh (33.9% of GDP) and Turkmenistan is 8th with gross national saving at 32.1% of GDP. They are followed by Indonesia and Algeria (31.7 and 31.4 of GDP respectively).