Gross savings in Angola
Angola: Gross savings was 15.9% in 2024. ▼ Falling
Gross savings in Angola, 2002–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, gross savings in Angola stood at 15.9%. That is the lowest value across all 23 years on record.
The figure is down 1.4% on the previous year and down 40.1% over ten years.
Over the whole period, gross savings in Angola peaked at 42.4% in 2006 and was at its lowest, 15.9%, in 2024.
Angola ranks 127th of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 23 years of available data.
Gross savings in Angola, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2002 | 28.9% | — |
| 2003 | 26.3% | -9.3% |
| 2004 | 35.2% | +34.1% |
| 2005 | 40.4% | +14.9% |
| 2006 | 42.4% | +4.7% |
| 2007 | 41.4% | -2.3% |
| 2008 | 38.3% | -7.3% |
| 2009 | 32.8% | -14.3% |
| 2010 | 37.6% | +14.6% |
| 2011 | 37.8% | +0.3% |
| 2012 | 37.6% | -0.4% |
| 2013 | 32.2% | -14.2% |
| 2014 | 26.5% | -17.8% |
| 2015 | 21.1% | -20.3% |
| 2016 | 26.7% | +26.3% |
| 2017 | 28.1% | +5.3% |
| 2018 | 30.3% | +7.8% |
| 2019 | 29.9% | -1.3% |
| 2020 | 21.1% | -29.5% |
| 2021 | 26.1% | +23.9% |
| 2022 | 22.9% | -12.3% |
| 2023 | 16.1% | -29.6% |
| 2024 | 15.9% | -1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 35.7% | 26.3% | 42.4% | 8 |
| 2010s | 30.8% | 21.1% | 37.8% | 10 |
| 2020s | 20.4% | 15.9% | 26.1% | 5 |
Countries ranked near Angola
More economy & growth data for Angola
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.7535 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.63 Percent per annum (2029)
- Manufacturing, value added (constant LCU), per capita 30,980 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual -5.32 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2707 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 847.09 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual -0.7284 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 286.37 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 896,176 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 1.84 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Angola?
- Gross savings in Angola was 15.9% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Angola?
- The highest recorded value was 42.4% in 2006.
- What is the lowest gross savings recorded in Angola?
- The lowest recorded value was 15.9% in 2024.
- How does Angola rank for gross savings?
- Angola ranks 127th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Angola?
- Over the last ten years it is down 40.1%. The long-run trend across the full record is falling.
- Where does this Angola 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.