5 Countries with the Highest Savings Rate in the World

4. Brunei Darussalam

Gross Savings (% of GDP): 50%

Brunei, a small yet oil-abundant country nestled between Indonesia and Malaysia, has an average income of approximately $69,297 in purchasing power parity, with a strong savings rate of 50%. This culture of savings finds expression notably through the Brunei Investment Agency, entrusted with the stewardship of the country’s sovereign wealth fund (SWF). Moreover, Bruneians prioritize saving owing to cultural values that strong focus on financial prudence and security, instilled through familial and societal norms. Additionally, the government’s policies, including tax incentives and financial education programs, further cultivate a savings-centric ethos among the population.