Gross savings in Gambia
Gambia: Gross savings was 25.9% in 2024. ◆ Volatile
Gross savings in Gambia, 1978–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Gambia is 25.9%, measured in 2024.
That represents a change of up 36.1% on the previous year and up 127.3% over ten years.
Over the whole period, gross savings in Gambia peaked at 42.3% in 1987 and was at its lowest, -3.3%, in 1996.
That places Gambia 59th out of 178 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Gambia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1978 | 3.8% | — |
| 1979 | 11.4% | +199.1% |
| 1980 | 16.4% | +43.7% |
| 1981 | 24.3% | +48.5% |
| 1982 | 19.9% | -18.2% |
| 1983 | 10.0% | -49.5% |
| 1984 | 12.1% | +20.9% |
| 1985 | 22.9% | +88.5% |
| 1986 | 29.4% | +28.3% |
| 1987 | 42.3% | +44.1% |
| 1988 | 30.1% | -28.8% |
| 1989 | 17.5% | -42.0% |
| 1990 | 21.9% | +25.2% |
| 1991 | 8.8% | -60.0% |
| 1992 | 11.7% | +33.7% |
| 1993 | -0.2% | -101.4% |
| 1994 | -2.3% | +1378.8% |
| 1995 | 9.5% | -504.1% |
| 1996 | -3.3% | -135.0% |
| 1997 | 7.5% | -327.7% |
| 2003 | 9.8% | +29.9% |
| 2004 | 6.0% | -38.2% |
| 2005 | 3.6% | -40.8% |
| 2006 | 11.7% | +228.0% |
| 2007 | 9.3% | -21.2% |
| 2008 | 0.3% | -96.5% |
| 2009 | 5.3% | +1552.1% |
| 2010 | -0.4% | -106.7% |
| 2011 | 6.3% | -1879.9% |
| 2012 | 15.7% | +150.1% |
| 2013 | 5.6% | -64.5% |
| 2014 | 11.4% | +104.2% |
| 2015 | 18.9% | +65.6% |
| 2016 | 19.9% | +5.4% |
| 2017 | 18.7% | -6.2% |
| 2018 | 15.7% | -16.1% |
| 2019 | 18.0% | +14.5% |
| 2020 | 26.9% | +49.8% |
| 2021 | 24.0% | -10.7% |
| 2022 | 21.5% | -10.5% |
| 2023 | 19.0% | -11.3% |
| 2024 | 25.9% | +36.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.6% | 3.8% | 11.4% | 2 |
| 1980s | 22.5% | 10.0% | 42.3% | 10 |
| 1990s | 6.7% | -3.3% | 21.9% | 8 |
| 2000s | 6.6% | 0.3% | 11.7% | 7 |
| 2010s | 13.0% | -0.4% | 19.9% | 10 |
| 2020s | 23.5% | 19.0% | 26.9% | 5 |
Countries ranked near Gambia
More economy & growth data for Gambia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.69 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.02 Percent per annum (2029)
- Gross capital formation (current US$), annual growth rate 45.48 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.4039 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 371.18 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 54.11 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 28.97 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 26,629 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 8.31 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.3259 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Gambia?
- Gross savings in Gambia was 25.9% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Gambia?
- The highest recorded value was 42.3% in 1987.
- What is the lowest gross savings recorded in Gambia?
- The lowest recorded value was -3.3% in 1996.
- How does Gambia rank for gross savings?
- Gambia ranks 59th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Gambia?
- Over the last ten years it is up 127.3%. The long-run trend across the full record is volatile.
- Where does this Gambia 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 — 42 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.