Iceland vs Senegal: Gross savings
Gross savings over time
- Iceland
- Senegal
How they compare
Iceland currently reports 23.0% against 22.9% in Senegal, a difference of 0.1%.
The two have swapped places 6 times across 47 shared years of data; in 1976 it was Iceland ahead.
Iceland ranks 84th and Senegal ranks 85th of 178 countries.
Across the 6 decades both report, Iceland averaged higher in 4 and Senegal in 2.
Head to head by decade
| Decade | Iceland | Senegal | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 27.1% | 13.2% | 13.9% | Iceland |
| 1980s | 20.0% | 4.8% | 15.2% | Iceland |
| 1990s | 17.7% | 6.7% | 11.1% | Iceland |
| 2000s | 13.9% | 14.1% | 0.2% | Senegal |
| 2010s | 21.2% | 19.3% | 1.9% | Iceland |
| 2020s | 22.5% | 24.7% | 2.3% | Senegal |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Iceland or Senegal?
- Iceland, at 23.0% against 22.9% in Senegal as of 2025.
- What is the difference in gross savings between Iceland and Senegal?
- 0.1%, with Iceland ahead.
- How many years of comparable data are there for Iceland and Senegal?
- 47 years are reported by both, from 1976 to 2023.
- How do Iceland and Senegal rank globally for gross savings?
- Iceland ranks 84th and Senegal ranks 85th of 178 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross savings (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.