Adjusted savings: net national savings in Sub-Saharan Africa
Sub-Saharan Africa: Adjusted savings: net national savings was 14.4% in 2021. ▲ Rising
Adjusted savings: net national savings in Sub-Saharan Africa, 1980–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
Sub-Saharan Africa recorded 14.4% for adjusted savings: net national savings in 2021. That is the highest value across all 41 years on record.
The figure is up 19.1% on the previous year and up 40.7% over ten years.
Over the whole period, adjusted savings: net national savings in Sub-Saharan Africa peaked at 14.4% in 2021 and was at its lowest, 1.5%, in 1991.
Sub-Saharan Africa ranks 20th of 46 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Adjusted savings: net national savings in Sub-Saharan Africa, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1980 | 12.5% | — |
| 1981 | 10.4% | -17.1% |
| 1982 | 7.5% | -28.0% |
| 1983 | 6.8% | -8.3% |
| 1984 | 6.6% | -3.1% |
| 1986 | 5.4% | -17.8% |
| 1987 | 4.0% | -27.0% |
| 1988 | 4.3% | +9.2% |
| 1989 | 4.9% | +12.9% |
| 1990 | 2.2% | -55.2% |
| 1991 | 1.5% | -32.7% |
| 1992 | 2.2% | +52.0% |
| 1993 | 4.0% | +77.3% |
| 1994 | 4.3% | +8.9% |
| 1995 | 4.8% | +11.8% |
| 1996 | 4.3% | -12.2% |
| 1997 | 4.1% | -3.8% |
| 1998 | 4.0% | -2.7% |
| 1999 | 3.5% | -13.3% |
| 2000 | 5.7% | +64.0% |
| 2001 | 5.1% | -9.5% |
| 2002 | 7.6% | +48.0% |
| 2003 | 8.2% | +7.6% |
| 2004 | 8.5% | +4.8% |
| 2005 | 8.4% | -1.9% |
| 2006 | 9.4% | +12.5% |
| 2007 | 9.3% | -1.3% |
| 2008 | 14.1% | +51.5% |
| 2009 | 9.5% | -32.7% |
| 2010 | 10.1% | +6.3% |
| 2011 | 10.2% | +1.6% |
| 2012 | 12.0% | +17.2% |
| 2013 | 8.0% | -33.4% |
| 2014 | 10.5% | +31.4% |
| 2015 | 7.3% | -29.9% |
| 2016 | 7.0% | -4.9% |
| 2017 | 7.9% | +12.4% |
| 2018 | 8.5% | +8.5% |
| 2019 | 10.2% | +19.8% |
| 2020 | 12.1% | +18.3% |
| 2021 | 14.4% | +19.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 6.9% | 4.0% | 12.5% | 9 |
| 1990s | 3.5% | 1.5% | 4.8% | 10 |
| 2000s | 8.6% | 5.1% | 14.1% | 10 |
| 2010s | 9.2% | 7.0% | 12.0% | 10 |
| 2020s | 13.2% | 12.1% | 14.4% | 2 |
Countries ranked near Sub-Saharan Africa
- 17 Nepal 25.7% compare
- 18 Sri Lanka 25.3% compare
- 19 Azerbaijan 24.9% compare
- 20 Tanzania, United Republic of 24.7% compare
- 21 Nigeria 23.7% compare
- 22 Macau, China 22.8% compare
- 23 Iran, Islamic Republic of 22.7% compare
More economy & growth data for Sub-Saharan Africa
- Gross capital formation (current US$), per unit of GDP 0.2311 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), annual growth rate 8.19 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per capita 407.9 constant 2015 US$ per person (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2438 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 246.12 constant 2015 US$ per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 5.43 % change on previous year (2025)
- Gross capital formation (current US$), per capita 386.71 current US$ per person (2025)
- Gross fixed capital formation (constant 2015 US$), per capita 398.55 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.8256 current US$ per US$ of GDP (2025)
- Gross fixed capital formation (constant 2015 US$), per unit of GDP 0.2382 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: net national savings in Sub-Saharan Africa?
- Adjusted savings: net national savings in Sub-Saharan Africa was 14.4% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: net national savings recorded in Sub-Saharan Africa?
- The highest recorded value was 14.4% in 2021.
- What is the lowest adjusted savings: net national savings recorded in Sub-Saharan Africa?
- The lowest recorded value was 1.5% in 1991.
- How does Sub-Saharan Africa rank for adjusted savings: net national savings?
- Sub-Saharan Africa ranks 20th out of 46 groups with data for 2021.
- Is adjusted savings: net national savings rising or falling in Sub-Saharan Africa?
- Over the last ten years it is up 40.7%. The long-run trend across the full record is rising.
- Where does this Sub-Saharan Africa data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: net national savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Net national savings are equal to gross national savings less the value of consumption of fixed capital. 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.