Gross savings (current US$) in Zambia
Zambia: Gross savings (current US$) was 8.14 billion current US$ in 2024. ▲ Rising
Gross savings in Zambia, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, gross savings in Zambia stood at 8.14 billion current US$.
Compared with earlier readings it is down 14.4% on the previous year and down 24.1% over ten years.
Over the whole period, gross savings in Zambia peaked at 13.24 billion current US$ in 2022 and was at its lowest, 6.37 billion current US$, in 2010.
Zambia ranks 98th of 178 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Gross savings (current US$) in Zambia, year by year
| Year | current US$ | Change |
|---|---|---|
| 2010 | 6.37 billion current US$ | — |
| 2011 | 8.45 billion current US$ | +32.7% |
| 2012 | 10.45 billion current US$ | +23.6% |
| 2013 | 10.63 billion current US$ | +1.7% |
| 2014 | 10.73 billion current US$ | +0.9% |
| 2015 | 8.02 billion current US$ | -25.3% |
| 2016 | 7.83 billion current US$ | -2.3% |
| 2017 | 11.20 billion current US$ | +43.1% |
| 2018 | 11.02 billion current US$ | -1.6% |
| 2019 | 9.28 billion current US$ | -15.8% |
| 2020 | 8.15 billion current US$ | -12.2% |
| 2021 | 10.19 billion current US$ | +25.0% |
| 2022 | 13.24 billion current US$ | +30.0% |
| 2023 | 9.50 billion current US$ | -28.2% |
| 2024 | 8.14 billion current US$ | -14.4% |
Zambia compared with similar countries
- Zambia's 8.14 billion current US$ is above the median for lower middle income countries, which is 4.69 billion current US$, 1.7× the median. (45 countries reporting)
- Zambia's 8.14 billion current US$ is above the median for Sub-Saharan Africa, which is 3.44 billion current US$, 2.4× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 9.40 billion current US$ | 6.37 billion current US$ | 11.20 billion current US$ | 10 |
| 2020s | 9.84 billion current US$ | 8.14 billion current US$ | 13.24 billion current US$ | 5 |
Countries ranked near Zambia
More economy & growth data for Zambia
- Real gdp growth, annual growth rate -28.84 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.31 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.92 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 13.19 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.1053 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 138.75 units per person (2025)
- SDRs holdings, SDR, annual growth rate 7.79 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0769 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 101.32 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Zambia?
- Gross savings in Zambia was 8.14 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Zambia?
- The highest recorded value was 13.24 billion current US$ in 2022.
- What is the lowest gross savings recorded in Zambia?
- The lowest recorded value was 6.37 billion current US$ in 2010.
- How does Zambia rank for gross savings?
- Zambia ranks 98th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Zambia?
- Over the last ten years it is down 24.1%. The long-run trend across the full record is rising.
- Where does this Zambia 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.