Gross savings in Eritrea
Eritrea: Gross savings was 15.8% in 2000. ◆ Volatile
Gross savings in Eritrea, 1992–2000
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Eritrea recorded 15.8% for gross savings in 2000.
Compared with earlier readings it is down 8.6% on the previous year and down 76.9% over ten years.
Over the whole period, gross savings in Eritrea peaked at 68.5% in 1992 and was at its lowest, 6.3%, in 1998.
That places Eritrea 129th out of 177 countries with data for 2000, putting it in the middle of the range.
Gross savings in Eritrea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1992 | 68.5% | — |
| 1993 | 41.3% | -39.7% |
| 1994 | 54.4% | +31.8% |
| 1995 | 19.1% | -64.9% |
| 1996 | 18.9% | -1.0% |
| 1997 | 35.1% | +85.6% |
| 1998 | 6.3% | -82.1% |
| 1999 | 17.3% | +175.2% |
| 2000 | 15.8% | -8.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 32.6% | 6.3% | 68.5% | 8 |
| 2000s | 15.8% | 15.8% | 15.8% | 1 |
Countries ranked near Eritrea
More economy & growth data for Eritrea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.25 Percent per annum (2019)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.84 Percent per annum (2019)
- GDP deflator (base year varies by country), annual growth rate 19.54 % change on previous year (2011)
- Gross value added at basic prices (GVA) (current US$), annual growth 35.5 % change on previous year (2009)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9721 current US$ per US$ of GDP (2009)
- Gross value added at basic prices (GVA) (current US$), per capita 625.02 current US$ per person (2009)
- Gross value added at basic prices (GVA) (current LCU), annual growth 35.5 % change on previous year (2009)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 14.95 current LCU per US$ of GDP (2009)
- Gross value added at basic prices (GVA) (current LCU), per capita 9,610 current LCU per person (2009)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 3.29 % change on previous year (2009)
Frequently asked questions
- What is gross savings in Eritrea?
- Gross savings in Eritrea was 15.8% in 2000, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Eritrea?
- The highest recorded value was 68.5% in 1992.
- What is the lowest gross savings recorded in Eritrea?
- The lowest recorded value was 6.3% in 1998.
- How does Eritrea rank for gross savings?
- Eritrea ranks 129th out of 177 countries with data for 2000.
- Is gross savings rising or falling in Eritrea?
- Over the last ten years it is down 76.9%. The long-run trend across the full record is volatile.
- Where does this Eritrea 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.