Gross savings in Burkina Faso
Burkina Faso: Gross savings was 15.9% in 2024. ▲ Rising
Gross savings in Burkina Faso, 2005–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, gross savings in Burkina Faso stood at 15.9%.
That represents a change of up 15.7% on the previous year and up 18.6% over ten years.
Over the whole period, gross savings in Burkina Faso peaked at 20.6% in 2020 and was at its lowest, 5.9%, in 2005.
Burkina Faso ranks 127th of 178 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Gross savings in Burkina Faso, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 5.9% | — |
| 2006 | 6.3% | +7.9% |
| 2007 | 10.2% | +61.1% |
| 2008 | 9.6% | -5.6% |
| 2009 | 11.5% | +19.7% |
| 2010 | 15.8% | +37.8% |
| 2011 | 17.5% | +10.5% |
| 2012 | 18.1% | +3.2% |
| 2013 | 14.4% | -20.3% |
| 2014 | 13.4% | -7.0% |
| 2015 | 11.9% | -11.4% |
| 2016 | 13.5% | +13.4% |
| 2017 | 14.8% | +9.8% |
| 2018 | 17.1% | +15.8% |
| 2019 | 16.8% | -1.5% |
| 2020 | 20.6% | +22.0% |
| 2021 | 15.9% | -22.7% |
| 2022 | 9.6% | -39.5% |
| 2023 | 13.7% | +42.7% |
| 2024 | 15.9% | +15.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.7% | 5.9% | 11.5% | 5 |
| 2010s | 15.3% | 11.9% | 18.1% | 10 |
| 2020s | 15.1% | 9.6% | 20.6% | 5 |
Countries ranked near Burkina Faso
More economy & growth data for Burkina Faso
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.54 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.98 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 57.04 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0025 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 2.42 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -202.22 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -284.78 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0087 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -8.59 BoP, current US$ per person (2024)
- General government final consumption expenditure (current US$) 9.55 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Burkina Faso?
- Gross savings in Burkina Faso was 15.9% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Burkina Faso?
- The highest recorded value was 20.6% in 2020.
- What is the lowest gross savings recorded in Burkina Faso?
- The lowest recorded value was 5.9% in 2005.
- How does Burkina Faso rank for gross savings?
- Burkina Faso ranks 127th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Burkina Faso?
- Over the last ten years it is up 18.6%. The long-run trend across the full record is rising.
- Where does this Burkina Faso 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.