Gross domestic savings (% of GDP) in Zambia
Zambia: Gross domestic savings (% of GDP) was 39.3% in 2024. ▲ Rising
Gross domestic savings in Zambia, 2010–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Zambia recorded 39.3% for gross domestic savings in 2024.
Compared with earlier readings it is down 0.7% on the previous year and down 2.9% over ten years.
Over the whole period, gross domestic savings in Zambia peaked at 52.5% in 2021 and was at its lowest, 36.0%, in 2010.
That places Zambia 18th out of 188 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 15 years of available data.
Gross domestic savings (% of GDP) in Zambia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 36.0% | — |
| 2011 | 39.4% | +9.2% |
| 2012 | 40.9% | +3.9% |
| 2013 | 40.6% | -0.8% |
| 2014 | 40.5% | -0.3% |
| 2015 | 38.6% | -4.5% |
| 2016 | 39.4% | +2.1% |
| 2017 | 46.3% | +17.5% |
| 2018 | 42.4% | -8.5% |
| 2019 | 40.1% | -5.3% |
| 2020 | 48.0% | +19.6% |
| 2021 | 52.5% | +9.3% |
| 2022 | 50.0% | -4.8% |
| 2023 | 39.6% | -20.8% |
| 2024 | 39.3% | -0.7% |
Zambia compared with similar countries
- Zambia's 39.3% is above the median for lower middle income countries, which is 12.2%, 3.2× the median. (45 countries reporting)
- Zambia's 39.3% is above the median for Sub-Saharan Africa, which is 14.7%, 2.7× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 40.4% | 36.0% | 46.3% | 10 |
| 2020s | 45.9% | 39.3% | 52.5% | 5 |
Countries ranked near Zambia
More economy & growth data for Zambia
- Real gdp growth, annual growth rate -28.84 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.31 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.92 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 13.19 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.1053 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 138.75 units per person (2025)
- SDRs holdings, SDR, annual growth rate 7.79 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0769 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 101.32 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is gross domestic savings in Zambia?
- Gross domestic savings in Zambia was 39.3% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Zambia?
- The highest recorded value was 52.5% in 2021.
- What is the lowest gross domestic savings recorded in Zambia?
- The lowest recorded value was 36.0% in 2010.
- How does Zambia rank for gross domestic savings?
- Zambia ranks 18th out of 188 countries with data for 2024.
- Is gross domestic savings rising or falling in Zambia?
- Over the last ten years it is down 2.9%. The long-run trend across the full record is rising.
- Where does this Zambia 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.