Adjusted savings: gross savings in Nigeria
Nigeria: Adjusted savings: gross savings was 35.2% in 2021. ▼ Falling
Adjusted savings: gross savings in Nigeria, 1981–2021
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GNI.
Analysis
Nigeria recorded 35.2% for adjusted savings: gross savings in 2021.
The figure is up 18.7% on the previous year and up 32.5% over ten years.
Over the whole period, adjusted savings: gross savings in Nigeria peaked at 87.9% in 1981 and was at its lowest, 16.2%, in 2016.
That places Nigeria 20th out of 178 countries with data for 2021, putting it in the top quarter.
The long-run direction has been consistently falling across the 41 years of available data.
Adjusted savings: gross savings in Nigeria, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1981 | 87.9% | — |
| 1982 | 85.1% | -3.2% |
| 1983 | 76.2% | -10.5% |
| 1984 | 61.4% | -19.4% |
| 1985 | 49.1% | -20.0% |
| 1986 | 54.9% | +11.7% |
| 1987 | 54.1% | -1.5% |
| 1988 | 48.5% | -10.3% |
| 1989 | 67.6% | +39.3% |
| 1990 | 62.4% | -7.7% |
| 1991 | 59.4% | -4.8% |
| 1992 | 52.1% | -12.2% |
| 1993 | 49.6% | -4.9% |
| 1994 | 43.7% | -11.9% |
| 1995 | 43.8% | +0.2% |
| 1996 | 40.4% | -7.7% |
| 1997 | 43.1% | +6.6% |
| 1998 | 35.1% | -18.5% |
| 1999 | 47.4% | +35.2% |
| 2000 | 55.6% | +17.2% |
| 2001 | 36.1% | -35.1% |
| 2002 | 31.1% | -13.8% |
| 2003 | 29.4% | -5.5% |
| 2004 | 32.5% | +10.6% |
| 2005 | 39.2% | +20.6% |
| 2006 | 50.8% | +29.6% |
| 2007 | 27.9% | -45.0% |
| 2008 | 33.5% | +19.7% |
| 2009 | 26.1% | -21.9% |
| 2010 | 25.6% | -1.9% |
| 2011 | 26.6% | +3.7% |
| 2012 | 34.7% | +30.7% |
| 2013 | 20.2% | -41.9% |
| 2014 | 23.0% | +14.1% |
| 2015 | 17.4% | -24.4% |
| 2016 | 16.2% | -7.0% |
| 2017 | 18.8% | +16.3% |
| 2018 | 19.8% | +5.2% |
| 2019 | 23.2% | +17.1% |
| 2020 | 29.7% | +27.9% |
| 2021 | 35.2% | +18.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 65.0% | 48.5% | 87.9% | 9 |
| 1990s | 47.7% | 35.1% | 62.4% | 10 |
| 2000s | 36.2% | 26.1% | 55.6% | 10 |
| 2010s | 22.6% | 16.2% | 34.7% | 10 |
| 2020s | 32.5% | 29.7% | 35.2% | 2 |
Countries ranked near Nigeria
- 17 Gambia 36.6% compare
- 18 Republic of Korea 36.2% compare
- 19 Switzerland 36.0% compare
- 21 Jamaica 34.9% compare
- 22 Tanzania, United Republic of 34.7% compare
- 23 Viet Nam 34.4% compare
More economy & growth data for Nigeria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.04 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.32 Percent per annum (2029)
- Agriculture, forestry, and fishing, value added (current LCU), annual 5.18 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 348.91 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 427,154 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.92 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.4555 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 557.59 constant 2015 US$ per person (2025)
- Agriculture, forestry, and fishing, value added (constant LCU) 2.92 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant LCU), per 209.92 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: gross savings in Nigeria?
- Adjusted savings: gross savings in Nigeria was 35.2% in 2021, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest adjusted savings: gross savings recorded in Nigeria?
- The highest recorded value was 87.9% in 1981.
- What is the lowest adjusted savings: gross savings recorded in Nigeria?
- The lowest recorded value was 16.2% in 2016.
- How does Nigeria rank for adjusted savings: gross savings?
- Nigeria ranks 20th out of 178 countries with data for 2021.
- Is adjusted savings: gross savings rising or falling in Nigeria?
- Over the last ten years it is up 32.5%. The long-run trend across the full record is falling.
- Where does this Nigeria 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.