Gross savings in Guinea-Bissau
Guinea-Bissau: Gross savings was 19.1% in 2024. ◆ Volatile
Gross savings in Guinea-Bissau, 1982–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Guinea-Bissau is 19.1%, measured in 2024.
The figure is up 4.1% on the previous year and up 8.5% over ten years.
Over the whole period, gross savings in Guinea-Bissau peaked at 23.6% in 2020 and was at its lowest, -25.0%, in 1985.
Guinea-Bissau ranks 108th of 178 countries on this measure, 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 Guinea-Bissau, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1982 | -10.3% | — |
| 1983 | -7.3% | -29.0% |
| 1984 | -2.8% | -61.2% |
| 1985 | -25.0% | +785.3% |
| 1986 | -1.0% | -95.8% |
| 1987 | 7.5% | -817.2% |
| 1988 | 7.0% | -7.1% |
| 1989 | 0.9% | -87.6% |
| 1990 | 5.5% | +534.8% |
| 1991 | 1.1% | -80.2% |
| 1992 | 2.2% | +105.9% |
| 1993 | 4.9% | +121.5% |
| 1994 | 3.3% | -33.5% |
| 1995 | 2.5% | -22.9% |
| 1996 | 3.6% | +41.8% |
| 1997 | -2.1% | -159.0% |
| 2001 | -5.3% | +148.8% |
| 2002 | 11.9% | -326.5% |
| 2003 | 18.9% | +58.6% |
| 2004 | 13.5% | -28.6% |
| 2005 | 6.2% | -54.0% |
| 2006 | -0.2% | -103.4% |
| 2007 | 8.9% | -4347.7% |
| 2008 | 4.5% | -49.7% |
| 2009 | 6.8% | +51.5% |
| 2010 | 7.4% | +9.2% |
| 2011 | 9.6% | +29.2% |
| 2012 | 5.2% | -45.9% |
| 2013 | 8.1% | +56.6% |
| 2014 | 17.6% | +117.1% |
| 2015 | 16.8% | -4.5% |
| 2016 | 15.8% | -5.6% |
| 2017 | 19.4% | +22.4% |
| 2018 | 16.1% | -17.2% |
| 2019 | 14.5% | -9.9% |
| 2020 | 23.6% | +62.8% |
| 2021 | 20.5% | -13.0% |
| 2022 | 13.8% | -32.8% |
| 2023 | 18.3% | +33.1% |
| 2024 | 19.1% | +4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -3.9% | -25.0% | 7.5% | 8 |
| 1990s | 2.6% | -2.1% | 5.5% | 8 |
| 2000s | 7.3% | -5.3% | 18.9% | 9 |
| 2010s | 13.0% | 5.2% | 19.4% | 10 |
| 2020s | 19.1% | 13.8% | 23.6% | 5 |
Countries ranked near Guinea-Bissau
More economy & growth data for Guinea-Bissau
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.42 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- Gross capital formation (current US$), annual growth rate 12.76 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2581 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 290.07 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 8.22 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 150.21 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 168,798 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate -6.36 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1301 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Guinea-Bissau?
- Gross savings in Guinea-Bissau was 19.1% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Guinea-Bissau?
- The highest recorded value was 23.6% in 2020.
- What is the lowest gross savings recorded in Guinea-Bissau?
- The lowest recorded value was -25.0% in 1985.
- How does Guinea-Bissau rank for gross savings?
- Guinea-Bissau ranks 108th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Guinea-Bissau?
- Over the last ten years it is up 8.5%. The long-run trend across the full record is volatile.
- Where does this Guinea-Bissau 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.