Gross domestic savings (% of GDP) in Angola
Angola: Gross domestic savings (% of GDP) was 22.5% in 2024. ▼ Falling
Gross domestic savings in Angola, 2002–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Angola recorded 22.5% for gross domestic savings in 2024. That is the lowest value across all 23 years on record.
The figure is down 6.7% on the previous year and down 32.3% over ten years.
Over the whole period, gross domestic savings in Angola peaked at 53.2% in 2006 and was at its lowest, 22.5%, in 2024.
That places Angola 82nd out of 188 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 23 years of available data.
Gross domestic savings (% of GDP) in Angola, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2002 | 38.2% | — |
| 2003 | 34.3% | -10.3% |
| 2004 | 44.4% | +29.6% |
| 2005 | 50.1% | +12.9% |
| 2006 | 53.2% | +6.2% |
| 2007 | 52.1% | -2.1% |
| 2008 | 52.4% | +0.7% |
| 2009 | 41.6% | -20.6% |
| 2010 | 46.6% | +11.8% |
| 2011 | 46.6% | +0.0% |
| 2012 | 46.1% | -1.0% |
| 2013 | 40.1% | -13.0% |
| 2014 | 33.3% | -16.9% |
| 2015 | 26.4% | -20.7% |
| 2016 | 32.0% | +20.9% |
| 2017 | 33.9% | +6.2% |
| 2018 | 37.4% | +10.1% |
| 2019 | 38.1% | +1.9% |
| 2020 | 28.6% | -24.8% |
| 2021 | 33.9% | +18.5% |
| 2022 | 30.0% | -11.5% |
| 2023 | 24.2% | -19.4% |
| 2024 | 22.5% | -6.7% |
Angola compared with similar countries
- Angola's 22.5% is above the median for lower middle income countries, which is 12.2%, 1.8× the median. (45 countries reporting)
- Angola's 22.5% is above the median for Sub-Saharan Africa, which is 14.7%, 1.5× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 45.8% | 34.3% | 53.2% | 8 |
| 2010s | 38.0% | 26.4% | 46.6% | 10 |
| 2020s | 27.8% | 22.5% | 33.9% | 5 |
Countries ranked near Angola
More economy & growth data for Angola
- Real gdp growth, annual growth rate 275.23 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.7535 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.63 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate -33.74 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0026 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 8.17 units per person (2025)
- SDRs holdings, SDR, annual growth rate -36.9 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0019 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 5.96 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -6.11 % change on previous year (2025)
Frequently asked questions
- What is gross domestic savings in Angola?
- Gross domestic savings in Angola was 22.5% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Angola?
- The highest recorded value was 53.2% in 2006.
- What is the lowest gross domestic savings recorded in Angola?
- The lowest recorded value was 22.5% in 2024.
- How does Angola rank for gross domestic savings?
- Angola ranks 82nd out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in Angola?
- Over the last ten years it is down 32.3%. The long-run trend across the full record is falling.
- Where does this Angola data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.