Panama vs Sub-Saharan Africa (excluding high income): Gross savings
Gross savings over time
- Panama
- Sub-Saharan Africa (excluding high income)
How they compare
Panama currently reports 33.0% against 19.3% in Sub-Saharan Africa (excluding high income), a difference of 13.7%.
That makes Panama's figure about 1.7 times Sub-Saharan Africa (excluding high income)'s.
Across all 8 years both countries report, Panama has been ahead every year.
Panama ranks 30th and Sub-Saharan Africa (excluding high income) ranks 33rd of 178 countries.
Panama has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Panama | Sub-Saharan Africa (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 32.2% | 18.3% | 13.9% | Panama |
| 2020s | 26.7% | 18.6% | 8.1% | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Panama or Sub-Saharan Africa (excluding high income)?
- Panama, at 33.0% against 19.3% in Sub-Saharan Africa (excluding high income) as of 2024.
- What is the difference in gross savings between Panama and Sub-Saharan Africa (excluding high income)?
- 13.7%, with Panama ahead.
- How many years of comparable data are there for Panama and Sub-Saharan Africa (excluding high income)?
- 8 years are reported by both, from 2012 to 2021.
- How do Panama and Sub-Saharan Africa (excluding high income) rank globally for gross savings?
- Panama ranks 30th and Sub-Saharan Africa (excluding high income) ranks 33rd 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.