Gross savings (current LCU), annual growth rate in Zambia
Zambia: Gross savings (current LCU), annual growth rate was 10.83 % change on previous year in 2024. ◆ Volatile
Gross savings (current LCU), annual growth rate in Zambia, 2011–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross savings (current lcu), annual growth rate in Zambia stood at 10.83 % change on previous year.
Compared with earlier readings it is up 175.4% on the previous year and down 28.1% over ten years.
Over the whole period, gross savings (current lcu), annual growth rate in Zambia peaked at 36.36 % change on previous year in 2021 and was at its lowest, -14.36 % change on previous year, in 2023.
Zambia ranks 65th of 177 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings (current LCU), annual growth rate in Zambia, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 2011 | 34.47 % change on previous year | — |
| 2012 | 30.9 % change on previous year | -10.4% |
| 2013 | 6.67 % change on previous year | -78.4% |
| 2014 | 15.06 % change on previous year | +125.8% |
| 2015 | 4.79 % change on previous year | -68.2% |
| 2016 | 16.69 % change on previous year | +248.8% |
| 2017 | 32.07 % change on previous year | +92.1% |
| 2018 | 8.13 % change on previous year | -74.7% |
| 2019 | 3.81 % change on previous year | -53.1% |
| 2020 | 24.96 % change on previous year | +554.3% |
| 2021 | 36.36 % change on previous year | +45.6% |
| 2022 | 9.99 % change on previous year | -72.5% |
| 2023 | -14.36 % change on previous year | -243.7% |
| 2024 | 10.83 % change on previous year | -175.4% |
Zambia compared with similar countries
- Zambia's 10.83 % change on previous year is below the median for lower middle income countries, which is 11.63 % change on previous year, 93% of the median. (45 countries reporting)
- Zambia's 10.83 % change on previous year is below the median for Sub-Saharan Africa, which is 12.85 % change on previous year, 84% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 16.96 % change on previous year | 3.81 % change on previous year | 34.47 % change on previous year | 9 |
| 2020s | 13.56 % change on previous year | -14.36 % change on previous year | 36.36 % change on previous year | 5 |
Countries ranked near Zambia
- 62 Bangladesh 11.63 % change on previous year compare
- 63 Belarus 11.57 % change on previous year compare
- 64 Mauritius 10.84 % change on previous year compare
- 66 Samoa 10.7 % change on previous year compare
- 67 Eritrea 10.59 % change on previous year
- 68 Tanzania 10.36 % change on previous year compare
More economy & growth data for Zambia
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 310.54 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0123 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 14.57 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 2.36 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 268.02 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0932 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 110.69 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 28.89 % change on previous year (2024)
Frequently asked questions
- What is gross savings (current lcu), annual growth rate in Zambia?
- Gross savings (current lcu), annual growth rate in Zambia was 10.83 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross savings (current lcu), annual growth rate recorded in Zambia?
- The highest recorded value was 36.36 % change on previous year in 2021.
- What is the lowest gross savings (current lcu), annual growth rate recorded in Zambia?
- The lowest recorded value was -14.36 % change on previous year in 2023.
- How does Zambia rank for gross savings (current lcu), annual growth rate?
- Zambia ranks 65th out of 177 countries with data for 2024.
- Is gross savings (current lcu), annual growth rate rising or falling in Zambia?
- Over the last ten years it is down 28.1%. The long-run trend across the full record is volatile.
- Where does this Zambia data come from?
- The figures come from Statizoid (derived), published as part of Gross savings (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross savings (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross savings Country official statistics, National Statistical Offices (NSOs)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross savings (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.