Adjusted savings: gross savings in Africa Western and Central
Africa Western and Central: Adjusted savings: gross savings was 32.0% in 2021. ▲ Rising
Adjusted savings: gross savings in Africa Western and Central, 1986–2021
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GNI.
Analysis
The most recent figure for adjusted savings: gross savings in Africa Western and Central is 32.0%, measured in 2021. That is the highest value across all 36 years on record.
Compared with earlier readings it is up 19.9% on the previous year and up 43.4% over ten years.
Over the whole period, adjusted savings: gross savings in Africa Western and Central peaked at 32.0% in 2021 and was at its lowest, 10.9%, in 2006.
Africa Western and Central ranks 10th of 46 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 36 years of available data.
Adjusted savings: gross savings in Africa Western and Central, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1986 | 13.2% | — |
| 1987 | 13.0% | -1.3% |
| 1988 | 13.1% | +0.2% |
| 1989 | 13.5% | +3.0% |
| 1990 | 14.5% | +7.4% |
| 1991 | 14.1% | -2.6% |
| 1992 | 12.2% | -13.5% |
| 1993 | 12.6% | +3.4% |
| 1994 | 18.8% | +49.2% |
| 1995 | 17.2% | -8.4% |
| 1996 | 16.3% | -5.6% |
| 1997 | 16.9% | +3.7% |
| 1998 | 16.0% | -5.3% |
| 1999 | 15.0% | -5.8% |
| 2000 | 19.0% | +26.1% |
| 2001 | 17.1% | -9.9% |
| 2002 | 16.5% | -3.2% |
| 2003 | 18.4% | +10.9% |
| 2004 | 18.0% | -1.7% |
| 2005 | 12.3% | -32.0% |
| 2006 | 10.9% | -11.1% |
| 2007 | 11.2% | +2.4% |
| 2008 | 26.2% | +135.0% |
| 2009 | 20.8% | -20.8% |
| 2010 | 21.8% | +4.7% |
| 2011 | 22.3% | +2.6% |
| 2012 | 28.7% | +28.8% |
| 2013 | 19.0% | -33.9% |
| 2014 | 22.9% | +20.5% |
| 2015 | 18.4% | -19.7% |
| 2016 | 16.9% | -8.2% |
| 2017 | 18.3% | +8.5% |
| 2018 | 19.2% | +4.8% |
| 2019 | 21.9% | +14.2% |
| 2020 | 26.7% | +22.0% |
| 2021 | 32.0% | +19.9% |
Biggest year-on-year movements
Years where Adjusted savings: gross savings in Africa Western and Central changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +135.0% | 11.2% | 26.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 13.2% | 13.0% | 13.5% | 4 |
| 1990s | 15.3% | 12.2% | 18.8% | 10 |
| 2000s | 17.0% | 10.9% | 26.2% | 10 |
| 2010s | 20.9% | 16.9% | 28.7% | 10 |
| 2020s | 29.4% | 26.7% | 32.0% | 2 |
Countries ranked near Africa Western and Central
More economy & growth data for Africa Western and Central
- GDP 852.53 billion current US$ (2025)
- Industry (including construction), value added (constant 2015 US$) 368.43 constant 2015 US$ per person (2025)
- Services, value added (current US$), annual growth rate 19.83 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4965 current US$ per US$ of GDP (2025)
- Inflation, GDP deflator 2.8% (2025)
- Gross value added at basic prices (GVA) 807.39 billion current US$ (2025)
- Gross value added at basic prices (GVA) 942.07 billion constant 2015 US$ (2025)
- Services, value added (current US$), per capita 794.5 current US$ per person (2025)
- GDP per capita 1,600 current US$ (2025)
- Services, value added (constant 2015 US$), annual growth rate 5 % change on previous year (2025)
Frequently asked questions
- What is adjusted savings: gross savings in Africa Western and Central?
- Adjusted savings: gross savings in Africa Western and Central was 32.0% in 2021, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest adjusted savings: gross savings recorded in Africa Western and Central?
- The highest recorded value was 32.0% in 2021.
- What is the lowest adjusted savings: gross savings recorded in Africa Western and Central?
- The lowest recorded value was 10.9% in 2006.
- How does Africa Western and Central rank for adjusted savings: gross savings?
- Africa Western and Central ranks 10th out of 46 groups with data for 2021.
- Is adjusted savings: gross savings rising or falling in Africa Western and Central?
- Over the last ten years it is up 43.4%. The long-run trend across the full record is rising.
- Where does this Africa Western and Central data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Adjusted savings: gross savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Gross savings are the difference between gross national income and public and private consumption, plus net current 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.