Gross savings in Mozambique
Mozambique: Gross savings was 24.80 billion current LCU in 2024. ◆ Volatile
Gross savings in Mozambique, 2005–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Mozambique recorded 24.80 billion current LCU for gross savings in 2024.
The figure is down 30.5% on the previous year and down 53.1% over ten years.
Over the whole period, gross savings in Mozambique peaked at 191.10 billion current LCU in 2019 and was at its lowest, 19.60 billion current LCU, in 2005.
That places Mozambique 125th 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 Mozambique, year by year
| Year | current LCU | Change |
|---|---|---|
| 2005 | 19.60 billion current LCU | — |
| 2006 | 27.19 billion current LCU | +38.8% |
| 2007 | 36.23 billion current LCU | +33.2% |
| 2008 | 43.01 billion current LCU | +18.7% |
| 2009 | 39.65 billion current LCU | -7.8% |
| 2010 | 47.27 billion current LCU | +19.2% |
| 2011 | 54.74 billion current LCU | +15.8% |
| 2012 | 49.54 billion current LCU | -9.5% |
| 2013 | 56.53 billion current LCU | +14.1% |
| 2014 | 52.84 billion current LCU | -6.5% |
| 2015 | 75.99 billion current LCU | +43.8% |
| 2016 | 51.44 billion current LCU | -32.3% |
| 2017 | 88.47 billion current LCU | +72.0% |
| 2018 | 123.08 billion current LCU | +39.1% |
| 2019 | 191.10 billion current LCU | +55.3% |
| 2020 | 149.16 billion current LCU | -21.9% |
| 2021 | 133.22 billion current LCU | -10.7% |
| 2022 | 101.38 billion current LCU | -23.9% |
| 2023 | 35.70 billion current LCU | -64.8% |
| 2024 | 24.80 billion current LCU | -30.5% |
Mozambique compared with similar countries
- Mozambique's 24.80 billion current LCU is below the median for low income countries, which is 942.05 billion current LCU, 3% of the median. (20 countries reporting)
- Mozambique's 24.80 billion current LCU is below the median for Sub-Saharan Africa, which is 841.37 billion current LCU, 3% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 33.14 billion current LCU | 19.60 billion current LCU | 43.01 billion current LCU | 5 |
| 2010s | 79.10 billion current LCU | 47.27 billion current LCU | 191.10 billion current LCU | 10 |
| 2020s | 88.85 billion current LCU | 24.80 billion current LCU | 149.16 billion current LCU | 5 |
Countries ranked near Mozambique
More economy & growth data for Mozambique
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.66 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 8.46 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -44.11 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0019 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -1.27 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 3.51 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 30.75 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1542 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 101.31 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 5.66 % change on previous year (2024)
Frequently asked questions
- What is gross savings in Mozambique?
- Gross savings in Mozambique was 24.80 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Mozambique?
- The highest recorded value was 191.10 billion current LCU in 2019.
- What is the lowest gross savings recorded in Mozambique?
- The lowest recorded value was 19.60 billion current LCU in 2005.
- How does Mozambique rank for gross savings?
- Mozambique ranks 125th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Mozambique?
- Over the last ten years it is down 53.1%. The long-run trend across the full record is volatile.
- Where does this Mozambique 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 — 20 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.