Gross savings in Ethiopia
Ethiopia: Gross savings was 29.46 billion current US$ in 2024. ▲ Rising
Gross savings in Ethiopia, 2011–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Ethiopia recorded 29.46 billion current US$ for gross savings in 2024. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 7.9% on the previous year and up 68.4% over ten years.
Over the whole period, gross savings in Ethiopia peaked at 29.46 billion current US$ in 2024 and was at its lowest, 10.40 billion current US$, in 2011.
That places Ethiopia 60th out of 178 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 14 years of available data.
Gross savings in Ethiopia, year by year
| Year | current US$ | Change |
|---|---|---|
| 2011 | 10.40 billion current US$ | — |
| 2012 | 13.39 billion current US$ | +28.7% |
| 2013 | 13.50 billion current US$ | +0.8% |
| 2014 | 17.49 billion current US$ | +29.5% |
| 2015 | 18.59 billion current US$ | +6.3% |
| 2016 | 21.77 billion current US$ | +17.1% |
| 2017 | 20.49 billion current US$ | -5.9% |
| 2018 | 27.73 billion current US$ | +35.3% |
| 2019 | 26.96 billion current US$ | -2.8% |
| 2020 | 27.39 billion current US$ | +1.6% |
| 2021 | 27.50 billion current US$ | +0.4% |
| 2022 | 26.76 billion current US$ | -2.7% |
| 2023 | 27.31 billion current US$ | +2.1% |
| 2024 | 29.46 billion current US$ | +7.9% |
Ethiopia compared with similar countries
- Ethiopia's 29.46 billion current US$ is above the median for low income countries, which is 2.01 billion current US$, 14.6× the median. (20 countries reporting)
- Ethiopia's 29.46 billion current US$ is above the median for Sub-Saharan Africa, which is 3.44 billion current US$, 8.6× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 18.92 billion current US$ | 10.40 billion current US$ | 27.73 billion current US$ | 9 |
| 2020s | 27.68 billion current US$ | 26.76 billion current US$ | 29.46 billion current US$ | 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 29.46 billion current US$ 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 29.46 billion current US$ in 2024.
- What is the lowest gross savings recorded in Ethiopia?
- The lowest recorded value was 10.40 billion current US$ in 2011.
- How does Ethiopia rank for gross savings?
- Ethiopia ranks 60th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Ethiopia?
- Over the last ten years it is up 68.4%. The long-run trend across the full record is rising.
- 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 US$). 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 indicator is expressed in United States dollars.