Gross savings in Ethiopia
Ethiopia: Gross savings was 19.7% in 2024. ▼ Falling
Gross savings in Ethiopia, 2011–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, gross savings in Ethiopia stood at 19.7%. That is the lowest value across all 14 years on record.
The figure is down 2.1% on the previous year and down 37.4% over ten years.
Over the whole period, gross savings in Ethiopia peaked at 33.3% in 2018 and was at its lowest, 19.7%, in 2024.
That places Ethiopia 101st out of 177 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 14 years of available data.
Gross savings in Ethiopia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2011 | 32.6% | — |
| 2012 | 30.9% | -5.1% |
| 2013 | 28.3% | -8.3% |
| 2014 | 31.5% | +11.0% |
| 2015 | 29.9% | -4.8% |
| 2016 | 31.8% | +6.2% |
| 2017 | 26.8% | -15.6% |
| 2018 | 33.3% | +24.0% |
| 2019 | 29.4% | -11.8% |
| 2020 | 27.8% | -5.4% |
| 2021 | 25.2% | -9.2% |
| 2022 | 21.7% | -13.8% |
| 2023 | 20.1% | -7.5% |
| 2024 | 19.7% | -2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 30.5% | 26.8% | 33.3% | 9 |
| 2020s | 22.9% | 19.7% | 27.8% | 5 |
Countries ranked near Ethiopia
More economy & growth data for Ethiopia
- Manufacturing, value added (constant LCU), per capita 1,431 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual -7.6 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2776 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 258.96 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 40.25 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 33.17 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 30,935 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 13.01 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.2474 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 230.77 constant 2015 US$ per person (2025)
Frequently asked questions
- What is gross savings in Ethiopia?
- Gross savings in Ethiopia was 19.7% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Ethiopia?
- The highest recorded value was 33.3% in 2018.
- What is the lowest gross savings recorded in Ethiopia?
- The lowest recorded value was 19.7% in 2024.
- How does Ethiopia rank for gross savings?
- Ethiopia ranks 101st out of 177 countries with data for 2024.
- Is gross savings rising or falling in Ethiopia?
- Over the last ten years it is down 37.4%. The long-run trend across the full record is falling.
- Where does this Ethiopia 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.
Download this data
CSV · JSON — 14 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.