Gross savings in Mozambique
Mozambique: Gross savings was 388.12 million current US$ in 2024. ▲ Rising
Gross savings in Mozambique, 2005–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross savings in Mozambique stood at 388.12 million current US$. That is the lowest value across all 20 years on record.
That represents a change of down 30.5% on the previous year and down 77.0% over ten years.
Over the whole period, gross savings in Mozambique peaked at 3.06 billion current US$ in 2019 and was at its lowest, 388.12 million current US$, in 2024.
Mozambique ranks 158th of 178 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Gross savings in Mozambique, year by year
| Year | current US$ | Change |
|---|---|---|
| 2005 | 849.77 million current US$ | — |
| 2006 | 1.07 billion current US$ | +26.0% |
| 2007 | 1.40 billion current US$ | +31.0% |
| 2008 | 1.77 billion current US$ | +26.2% |
| 2009 | 1.44 billion current US$ | -18.6% |
| 2010 | 1.39 billion current US$ | -3.4% |
| 2011 | 1.88 billion current US$ | +35.3% |
| 2012 | 1.75 billion current US$ | -7.3% |
| 2013 | 1.88 billion current US$ | +7.6% |
| 2014 | 1.69 billion current US$ | -10.3% |
| 2015 | 1.90 billion current US$ | +12.8% |
| 2016 | 815.80 million current US$ | -57.1% |
| 2017 | 1.39 billion current US$ | +70.6% |
| 2018 | 2.04 billion current US$ | +46.6% |
| 2019 | 3.06 billion current US$ | +49.8% |
| 2020 | 2.15 billion current US$ | -29.7% |
| 2021 | 2.03 billion current US$ | -5.2% |
| 2022 | 1.59 billion current US$ | -22.0% |
| 2023 | 558.79 million current US$ | -64.8% |
| 2024 | 388.12 million current US$ | -30.5% |
Mozambique compared with similar countries
- Mozambique's 388.12 million current US$ is below the median for low income countries, which is 2.01 billion current US$, 19% of the median. (20 countries reporting)
- Mozambique's 388.12 million current US$ is below the median for Sub-Saharan Africa, which is 3.44 billion current US$, 11% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.31 billion current US$ | 849.77 million current US$ | 1.77 billion current US$ | 5 |
| 2010s | 1.78 billion current US$ | 815.80 million current US$ | 3.06 billion current US$ | 10 |
| 2020s | 1.34 billion current US$ | 388.12 million current US$ | 2.15 billion current US$ | 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$), annual growth rate 5.66 % change on previous year (2024)
Frequently asked questions
- What is gross savings in Mozambique?
- Gross savings in Mozambique was 388.12 million current US$ 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 3.06 billion current US$ in 2019.
- What is the lowest gross savings recorded in Mozambique?
- The lowest recorded value was 388.12 million current US$ in 2024.
- How does Mozambique rank for gross savings?
- Mozambique ranks 158th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Mozambique?
- Over the last ten years it is down 77.0%. The long-run trend across the full record is rising.
- 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 US$). Statizoid updates them automatically from the source API.
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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.