Adjusted savings: gross savings in Sub-Saharan Africa (excluding high income)
Sub-Saharan Africa (excluding high income): Adjusted savings: gross savings was 25.3% in 2021. ▲ Rising
Adjusted savings: gross savings in Sub-Saharan Africa (excluding high income), 1980–2021
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GNI.
Analysis
In 2021, adjusted savings: gross savings in Sub-Saharan Africa (excluding high income) stood at 25.3%. That is the highest value across all 41 years on record.
Compared with earlier readings it is up 8.1% on the previous year and up 18.5% over ten years.
Over the whole period, adjusted savings: gross savings in Sub-Saharan Africa (excluding high income) peaked at 25.3% in 2021 and was at its lowest, 12.7%, in 1991.
That places Sub-Saharan Africa (excluding high income) 26th out of 46 groups with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Adjusted savings: gross savings in Sub-Saharan Africa (excluding high income), year by year
| Year | % of GNI | Change |
|---|---|---|
| 1980 | 23.9% | — |
| 1981 | 21.6% | -9.7% |
| 1982 | 19.1% | -11.3% |
| 1983 | 19.1% | -0.4% |
| 1984 | 18.4% | -3.3% |
| 1986 | 17.1% | -7.0% |
| 1987 | 16.0% | -6.6% |
| 1988 | 16.3% | +1.9% |
| 1989 | 16.6% | +1.7% |
| 1990 | 13.7% | -17.3% |
| 1991 | 12.7% | -7.0% |
| 1992 | 14.5% | +13.5% |
| 1993 | 15.9% | +9.5% |
| 1994 | 16.4% | +3.3% |
| 1995 | 16.7% | +2.0% |
| 1996 | 16.1% | -3.7% |
| 1997 | 15.9% | -1.2% |
| 1998 | 15.9% | +0.2% |
| 1999 | 15.5% | -2.7% |
| 2000 | 17.8% | +15.1% |
| 2001 | 16.9% | -4.9% |
| 2002 | 19.1% | +12.7% |
| 2003 | 19.8% | +3.7% |
| 2004 | 19.9% | +0.5% |
| 2005 | 19.4% | -2.5% |
| 2006 | 20.4% | +5.1% |
| 2007 | 20.2% | -0.8% |
| 2008 | 24.2% | +19.9% |
| 2009 | 19.9% | -17.8% |
| 2010 | 21.0% | +5.3% |
| 2011 | 21.4% | +1.9% |
| 2012 | 23.3% | +9.0% |
| 2013 | 19.1% | -17.9% |
| 2014 | 21.5% | +12.2% |
| 2015 | 18.4% | -14.3% |
| 2016 | 18.0% | -2.2% |
| 2017 | 18.8% | +4.5% |
| 2018 | 19.4% | +3.3% |
| 2019 | 21.1% | +8.8% |
| 2020 | 23.4% | +10.9% |
| 2021 | 25.3% | +8.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 18.7% | 16.0% | 23.9% | 9 |
| 1990s | 15.3% | 12.7% | 16.7% | 10 |
| 2000s | 19.8% | 16.9% | 24.2% | 10 |
| 2010s | 20.2% | 18.0% | 23.3% | 10 |
| 2020s | 24.4% | 23.4% | 25.3% | 2 |
Countries ranked near Sub-Saharan Africa (excluding high income)
- 23 Viet Nam 34.4% compare
- 24 Bangladesh 34.2% compare
- 25 Indonesia 34.0% compare
- 26 Papua New Guinea 33.6% compare
- 27 Uzbekistan 33.5% compare
- 28 Azerbaijan 33.5% compare
- 29 Maldives 33.1% compare
More economy & growth data for Sub-Saharan Africa (excluding high income)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.36 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.147 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 245.62 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 7.79 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.8257 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 1,380 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 1,188 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.9901 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 8.1 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 3.8 % change on previous year (2025)
Frequently asked questions
- What is adjusted savings: gross savings in Sub-Saharan Africa (excluding high income)?
- Adjusted savings: gross savings in Sub-Saharan Africa (excluding high income) was 25.3% in 2021, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest adjusted savings: gross savings recorded in Sub-Saharan Africa (excluding high income)?
- The highest recorded value was 25.3% in 2021.
- What is the lowest adjusted savings: gross savings recorded in Sub-Saharan Africa (excluding high income)?
- The lowest recorded value was 12.7% in 1991.
- How does Sub-Saharan Africa (excluding high income) rank for adjusted savings: gross savings?
- Sub-Saharan Africa (excluding high income) ranks 26th out of 46 groups with data for 2021.
- Is adjusted savings: gross savings rising or falling in Sub-Saharan Africa (excluding high income)?
- Over the last ten years it is up 18.5%. The long-run trend across the full record is rising.
- Where does this Sub-Saharan Africa (excluding high income) 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.