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 percent of its GDP in 2015, according to the data from the International Monetary Fund (IMF).

Based on the data, China saves the most money in absolute terms, an estimated $9.25 trillion.

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

The following list shows the 10 countries with the highest gross national saving in the world as a percentage of GDP.

No 10 Algeria

Gross national saving: 31.4 of GDP

Two men walk on sand dune in Sahara Desert, Algeria, Dec 30, 2014. [Photo/IC]