Gross savings in Zambia
Zambia: Gross savings 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$, in 2010.
Zambia ranks 98th of 178 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Gross savings in Zambia, year by year
| Year | current US$ | 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
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 310.54 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0123 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 14.57 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 2.36 billion BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 268.02 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0932 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 110.69 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 28.89 % change on previous year (2024)
Frequently asked questions
- What is gross savings in Zambia?
- Gross savings in Zambia was 8.14 billion current US$ 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.