Gross savings in Africa Eastern and Southern
Africa Eastern and Southern: Gross savings was 17.6% in 2024. ▬ Flat
Gross savings in Africa Eastern and Southern, 1990–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Africa Eastern and Southern recorded 17.6% for gross savings in 2024.
The figure is down 3.8% on the previous year and down 2.0% over ten years.
Over the whole period, gross savings in Africa Eastern and Southern peaked at 23.9% in 2006 and was at its lowest, 15.9%, in 1991.
That places Africa Eastern and Southern 36th out of 42 groups with data for 2024, putting it in the bottom quarter.
Gross savings in Africa Eastern and Southern, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 16.3% | — |
| 1991 | 15.9% | -2.4% |
| 1992 | 16.3% | +2.7% |
| 1993 | 19.3% | +18.5% |
| 1994 | 18.5% | -4.2% |
| 2002 | 20.7% | +11.6% |
| 2003 | 20.8% | +0.9% |
| 2004 | 22.8% | +9.5% |
| 2005 | 23.3% | +2.1% |
| 2006 | 23.9% | +2.8% |
| 2007 | 23.9% | -0.3% |
| 2008 | 22.7% | -4.9% |
| 2009 | 19.6% | -13.9% |
| 2010 | 20.9% | +7.0% |
| 2011 | 21.5% | +2.7% |
| 2012 | 19.0% | -11.6% |
| 2013 | 18.3% | -3.7% |
| 2014 | 18.0% | -1.7% |
| 2015 | 16.8% | -6.6% |
| 2016 | 18.6% | +10.9% |
| 2017 | 18.6% | -0.5% |
| 2018 | 18.5% | -0.1% |
| 2019 | 18.4% | -0.9% |
| 2020 | 17.7% | -3.9% |
| 2021 | 19.5% | +10.5% |
| 2022 | 18.8% | -3.6% |
| 2023 | 18.3% | -2.6% |
| 2024 | 17.6% | -3.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.3% | 15.9% | 19.3% | 5 |
| 2000s | 22.2% | 19.6% | 23.9% | 8 |
| 2010s | 18.9% | 16.8% | 21.5% | 10 |
| 2020s | 18.4% | 17.6% | 19.5% | 5 |
Countries ranked near Africa Eastern and Southern
More economy & growth data for Africa Eastern and Southern
- General government final consumption expenditure (current US$), per 0.1486 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.06 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 1,159 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6726 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 6.75 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 226.14 constant 2015 US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1313 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 3.39 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 255.93 current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0029 BoP, current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Africa Eastern and Southern?
- Gross savings in Africa Eastern and Southern was 17.6% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Africa Eastern and Southern?
- The highest recorded value was 23.9% in 2006.
- What is the lowest gross savings recorded in Africa Eastern and Southern?
- The lowest recorded value was 15.9% in 1991.
- How does Africa Eastern and Southern rank for gross savings?
- Africa Eastern and Southern ranks 36th out of 42 groups with data for 2024.
- Is gross savings rising or falling in Africa Eastern and Southern?
- Over the last ten years it is down 2.0%. The long-run trend across the full record is flat.
- Where does this Africa Eastern and Southern data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.