Adjusted savings: gross savings in Sub-Saharan Africa
Sub-Saharan Africa: Adjusted savings: gross savings was 25.3% in 2021. ▲ Rising
Adjusted savings: gross savings in Sub-Saharan Africa, 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 stood at 25.3%. That is the highest value across all 41 years on record.
The figure is up 8.1% on the previous year and up 18.4% over ten years.
Over the whole period, adjusted savings: gross savings in Sub-Saharan Africa peaked at 25.3% in 2021 and was at its lowest, 12.8%, in 1991.
That places Sub-Saharan Africa 27th 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, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1980 | 23.9% | — |
| 1981 | 21.6% | -9.8% |
| 1982 | 19.1% | -11.4% |
| 1983 | 19.1% | -0.4% |
| 1984 | 18.4% | -3.2% |
| 1986 | 17.2% | -7.0% |
| 1987 | 16.0% | -6.5% |
| 1988 | 16.3% | +1.9% |
| 1989 | 16.6% | +1.6% |
| 1990 | 13.7% | -17.4% |
| 1991 | 12.8% | -7.0% |
| 1992 | 14.5% | +13.5% |
| 1993 | 15.9% | +9.5% |
| 1994 | 16.4% | +3.4% |
| 1995 | 16.7% | +1.9% |
| 1996 | 16.1% | -3.6% |
| 1997 | 15.9% | -1.3% |
| 1998 | 15.9% | +0.1% |
| 1999 | 15.5% | -2.6% |
| 2000 | 17.8% | +15.0% |
| 2001 | 17.0% | -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% | +19.8% |
| 2009 | 19.9% | -17.8% |
| 2010 | 21.0% | +5.4% |
| 2011 | 21.4% | +1.9% |
| 2012 | 23.3% | +9.0% |
| 2013 | 19.1% | -17.9% |
| 2014 | 21.5% | +12.1% |
| 2015 | 18.4% | -14.3% |
| 2016 | 18.0% | -2.2% |
| 2017 | 18.8% | +4.6% |
| 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% | 12.8% | 16.7% | 10 |
| 2000s | 19.8% | 17.0% | 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
- 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
- 30 Sri Lanka 33.1% compare
More economy & growth data for Sub-Saharan Africa
- Final consumption expenditure (current US$), per unit of GDP 0.9902 current US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.2516 constant 2015 US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), annual growth rate 8.1 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), annual growth rate 4.54 % change on previous year (2025)
- Imports of goods and services (current US$), per capita 466.42 current US$ per person (2025)
- Imports of goods and services (current US$), per unit of GDP 0.2788 current US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2438 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 5.43 % change on previous year (2025)
- Final consumption expenditure (current US$), per capita 1,657 current US$ per person (2025)
- Imports of goods and services (constant 2015 US$), per capita 420.94 constant 2015 US$ per person (2025)
Frequently asked questions
- What is adjusted savings: gross savings in Sub-Saharan Africa?
- Adjusted savings: gross savings in Sub-Saharan Africa 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?
- The highest recorded value was 25.3% in 2021.
- What is the lowest adjusted savings: gross savings recorded in Sub-Saharan Africa?
- The lowest recorded value was 12.8% in 1991.
- How does Sub-Saharan Africa rank for adjusted savings: gross savings?
- Sub-Saharan Africa ranks 27th out of 46 groups with data for 2021.
- Is adjusted savings: gross savings rising or falling in Sub-Saharan Africa?
- Over the last ten years it is up 18.4%. The long-run trend across the full record is rising.
- Where does this Sub-Saharan Africa 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.