Gross savings in Ethiopia
Ethiopia: Gross savings was 2.32 trillion current LCU in 2024. ◆ Volatile
Gross savings in Ethiopia, 2011–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, gross savings in Ethiopia stood at 2.32 trillion current LCU. That is the highest value across all 14 years on record.
That represents a change of up 32.2% on the previous year and up 594.9% over ten years.
Over the whole period, gross savings in Ethiopia peaked at 2.32 trillion current LCU in 2024 and was at its lowest, 167.70 billion current LCU, in 2011.
That places Ethiopia 47th out of 178 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Ethiopia, year by year
| Year | current LCU | Change |
|---|---|---|
| 2011 | 167.70 billion current LCU | — |
| 2012 | 231.01 billion current LCU | +37.8% |
| 2013 | 245.64 billion current LCU | +6.3% |
| 2014 | 333.63 billion current LCU | +35.8% |
| 2015 | 388.48 billion current LCU | +16.4% |
| 2016 | 498.50 billion current LCU | +28.3% |
| 2017 | 491.75 billion current LCU | -1.4% |
| 2018 | 731.98 billion current LCU | +48.9% |
| 2019 | 789.82 billion current LCU | +7.9% |
| 2020 | 936.64 billion current LCU | +18.6% |
| 2021 | 1.09 trillion current LCU | +16.9% |
| 2022 | 1.34 trillion current LCU | +22.3% |
| 2023 | 1.75 trillion current LCU | +31.0% |
| 2024 | 2.32 trillion current LCU | +32.2% |
Ethiopia compared with similar countries
- Ethiopia's 2.32 trillion current LCU is above the median for low income countries, which is 942.05 billion current LCU, 2.5× the median. (20 countries reporting)
- Ethiopia's 2.32 trillion current LCU is above the median for Sub-Saharan Africa, which is 841.37 billion current LCU, 2.8× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 430.95 billion current LCU | 167.70 billion current LCU | 789.82 billion current LCU | 9 |
| 2020s | 1.49 trillion current LCU | 936.64 billion current LCU | 2.32 trillion current LCU | 5 |
Countries ranked near Ethiopia
More economy & growth data for Ethiopia
- Foreign direct investment, net outflows (BoP, current US$), gaps 0 BoP, current US$ (1989)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (1989)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0 BoP, current US$ per person (1989)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 4.02 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 23.25 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0269 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 30.45 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 86.59 % change on previous year (2024)
- Total reserves (includes gold, current US$), per unit of GDP 0.0253 includes gold, current US$ per US$ of GDP (2024)
- Total reserves (includes gold, current US$), per capita 28.66 includes gold, current US$ per person (2024)
Frequently asked questions
- What is gross savings in Ethiopia?
- Gross savings in Ethiopia was 2.32 trillion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Ethiopia?
- The highest recorded value was 2.32 trillion current LCU in 2024.
- What is the lowest gross savings recorded in Ethiopia?
- The lowest recorded value was 167.70 billion current LCU in 2011.
- How does Ethiopia rank for gross savings?
- Ethiopia ranks 47th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Ethiopia?
- Over the last ten years it is up 594.9%. The long-run trend across the full record is volatile.
- Where does this Ethiopia data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.