AKIPRESS.COM - China is the world's third best saving country. Its gross national saving, a measure that accounts for both private and public savings, was 47.4 per cent of its GDP in 2015, according to the data from the International Monetary Fund (IMF), reports Business Asia One.

Based on 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.

Turkmenistan is 8th with gross national saving at 32.1% of GDP. It is followed by Indonesia and Algeria (31.7 and 31.4 of GDP respectively).

Qatar is No.1 with gross national saving of 51.4% of GDP. Then comes Singapore (47.4% of GDP), China (47.4% of GDP).

The Republic of Korea is the fourth (35.7% of GDP), Botswana is fifth (35.6% of GDP), Norway is sixth (35.2% of GDP).