Gross savings in Seychelles
Seychelles: Gross savings was 822.47 million current LCU in 2024. ◆ Volatile
Gross savings in Seychelles, 1976–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, gross savings in Seychelles stood at 822.47 million current LCU.
Compared with earlier readings it is down 61.8% on the previous year and down 41.5% over ten years.
Over the whole period, gross savings in Seychelles peaked at 4.21 billion current LCU in 2013 and was at its lowest, -2.90 billion current LCU, in 2021.
Seychelles ranks 165th of 178 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Seychelles, year by year
| Year | current LCU | Change |
|---|---|---|
| 1976 | 106.80 million current LCU | — |
| 1977 | 215.30 million current LCU | +101.6% |
| 1978 | 274.50 million current LCU | +27.5% |
| 1979 | 210.82 million current LCU | -23.2% |
| 1980 | 331.95 million current LCU | +57.5% |
| 1981 | 244.43 million current LCU | -26.4% |
| 1982 | 129.84 million current LCU | -46.9% |
| 1983 | 194.40 million current LCU | +49.7% |
| 1984 | 350.55 million current LCU | +80.3% |
| 1985 | 428.66 million current LCU | +22.3% |
| 1986 | 444.83 million current LCU | +3.8% |
| 1987 | 524.43 million current LCU | +17.9% |
| 1988 | 576.13 million current LCU | +9.9% |
| 1989 | 544.48 million current LCU | -5.5% |
| 1990 | 493.61 million current LCU | -9.3% |
| 1991 | 458.15 million current LCU | -7.2% |
| 1992 | 496.04 million current LCU | +8.3% |
| 1993 | 557.63 million current LCU | +12.4% |
| 1994 | 688.03 million current LCU | +23.4% |
| 1995 | 573.63 million current LCU | -16.6% |
| 1996 | 799.46 million current LCU | +39.4% |
| 1997 | 652.98 million current LCU | -18.3% |
| 1998 | 637.76 million current LCU | -2.3% |
| 1999 | 875.27 million current LCU | +37.2% |
| 2000 | 758.45 million current LCU | -13.3% |
| 2001 | 755.59 million current LCU | -0.4% |
| 2002 | 835.57 million current LCU | +10.6% |
| 2003 | 792.89 million current LCU | -5.1% |
| 2004 | 1.41 billion current LCU | +77.8% |
| 2005 | 1.67 billion current LCU | +18.2% |
| 2006 | 1.43 billion current LCU | -14.2% |
| 2007 | 1.35 billion current LCU | -5.3% |
| 2008 | 600.17 million current LCU | -55.7% |
| 2009 | 1.30 billion current LCU | +115.8% |
| 2010 | 1.96 billion current LCU | +51.5% |
| 2011 | 1.88 billion current LCU | -4.4% |
| 2012 | 3.52 billion current LCU | +87.8% |
| 2013 | 4.21 billion current LCU | +19.5% |
| 2014 | 1.41 billion current LCU | -66.6% |
| 2015 | 2.27 billion current LCU | +61.2% |
| 2016 | 1.54 billion current LCU | -31.9% |
| 2017 | 1.65 billion current LCU | +7.2% |
| 2018 | 1.34 billion current LCU | -19.0% |
| 2019 | 2.37 billion current LCU | +77.1% |
| 2020 | -871.48 million current LCU | -136.7% |
| 2021 | -2.90 billion current LCU | +232.4% |
| 2022 | 1.40 billion current LCU | -148.4% |
| 2023 | 2.15 billion current LCU | +53.8% |
| 2024 | 822.47 million current LCU | -61.8% |
Seychelles compared with similar countries
- Seychelles's 822.47 million current LCU is below the median for high income countries, which is 181.85 billion current LCU, 0% of the median. (63 countries reporting)
- Seychelles's 822.47 million current LCU is below the median for Sub-Saharan Africa, which is 841.37 billion current LCU, 0% of the median. (43 countries reporting)
Biggest year-on-year movements
Years where Gross savings in Seychelles changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | -232.4% | -871.48 million current LCU | -2.90 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 201.85 million current LCU | 106.80 million current LCU | 274.50 million current LCU | 4 |
| 1980s | 376.97 million current LCU | 129.84 million current LCU | 576.13 million current LCU | 10 |
| 1990s | 623.25 million current LCU | 458.15 million current LCU | 875.27 million current LCU | 10 |
| 2000s | 1.09 billion current LCU | 600.17 million current LCU | 1.67 billion current LCU | 10 |
| 2010s | 2.21 billion current LCU | 1.34 billion current LCU | 4.21 billion current LCU | 10 |
| 2020s | 122.06 million current LCU | -2.90 billion current LCU | 2.15 billion current LCU | 5 |
Countries ranked near Seychelles
More economy & growth data for Seychelles
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.15 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.59 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -41.42 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0186 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita -341.28 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 226.13 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -5.66 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.1015 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 1,863 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 13.31 % change on previous year (2024)
Frequently asked questions
- What is gross savings in Seychelles?
- Gross savings in Seychelles was 822.47 million current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Seychelles?
- The highest recorded value was 4.21 billion current LCU in 2013.
- What is the lowest gross savings recorded in Seychelles?
- The lowest recorded value was -2.90 billion current LCU in 2021.
- How does Seychelles rank for gross savings?
- Seychelles ranks 165th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Seychelles?
- Over the last ten years it is down 41.5%. The long-run trend across the full record is volatile.
- Where does this Seychelles 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 — 49 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.