Nicaragua vs Sub-Saharan Africa: Gross savings
Gross savings over time
- Nicaragua
- Sub-Saharan Africa
How they compare
Nicaragua currently reports 30.0% against 18.2% in Sub-Saharan Africa, a difference of 11.8%.
That makes Nicaragua's figure about 1.6 times Sub-Saharan Africa's.
The two have swapped places 1 time across 28 shared years of data; in 1994 it was Sub-Saharan Africa ahead.
Nicaragua ranks 40th and Sub-Saharan Africa ranks 38th of 178 countries.
Across the 4 decades both report, Nicaragua averaged higher in 2 and Sub-Saharan Africa in 2.
Head to head by decade
| Decade | Nicaragua | Sub-Saharan Africa | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 6.4% | 17.4% | 11.0% | Sub-Saharan Africa |
| 2000s | 12.7% | 19.8% | 7.1% | Sub-Saharan Africa |
| 2010s | 21.2% | 19.2% | 2.0% | Nicaragua |
| 2020s | 25.4% | 19.1% | 6.4% | Nicaragua |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Nicaragua or Sub-Saharan Africa?
- Nicaragua, at 30.0% against 18.2% in Sub-Saharan Africa as of 2024.
- What is the difference in gross savings between Nicaragua and Sub-Saharan Africa?
- 11.8%, with Nicaragua ahead.
- How many years of comparable data are there for Nicaragua and Sub-Saharan Africa?
- 28 years are reported by both, from 1994 to 2024.
- How do Nicaragua and Sub-Saharan Africa rank globally for gross savings?
- Nicaragua ranks 40th and Sub-Saharan Africa ranks 38th of 178 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross savings (% of GNI). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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 National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.