Gross savings in Heavily indebted poor countries (HIPC)
Heavily indebted poor countries (HIPC): Gross savings was 20.1% in 2024. ▲ Rising
Gross savings in Heavily indebted poor countries (HIPC), 2005–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Heavily indebted poor countries (HIPC) recorded 20.1% for gross savings in 2024.
Compared with earlier readings it is up 0.8% on the previous year and down 3.1% over ten years.
Over the whole period, gross savings in Heavily indebted poor countries (HIPC) peaked at 20.8% in 2014 and was at its lowest, 15.6%, in 2009.
Heavily indebted poor countries (HIPC) ranks 31st of 42 groups 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 Heavily indebted poor countries (HIPC), year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 17.3% | — |
| 2006 | 17.6% | +1.9% |
| 2007 | 16.6% | -5.9% |
| 2008 | 17.1% | +3.0% |
| 2009 | 15.6% | -8.8% |
| 2010 | 17.4% | +11.7% |
| 2011 | 18.8% | +8.3% |
| 2012 | 17.6% | -6.7% |
| 2013 | 17.9% | +1.7% |
| 2014 | 20.8% | +16.4% |
| 2015 | 19.5% | -6.0% |
| 2016 | 20.5% | +4.8% |
| 2017 | 20.4% | -0.2% |
| 2018 | 20.3% | -0.5% |
| 2019 | 20.7% | +2.0% |
| 2020 | 19.7% | -4.9% |
| 2021 | 20.7% | +5.1% |
| 2022 | 19.7% | -5.0% |
| 2023 | 20.0% | +1.4% |
| 2024 | 20.1% | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.8% | 15.6% | 17.6% | 5 |
| 2010s | 19.4% | 17.4% | 20.8% | 10 |
| 2020s | 20.1% | 19.7% | 20.7% | 5 |
Countries ranked near Heavily indebted poor countries (HIPC)
More economy & growth data for Heavily indebted poor countries (HIPC)
- Exports of goods and services (current US$), annual growth rate 19.57 % change on previous year (2025)
- Gross national expenditure (constant 2015 US$), per capita 1,187 constant 2015 US$ per person (2025)
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.8913 constant 2015 US$ per US$ of GDP (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 5.71 % change on previous year (2025)
- Gross national expenditure (current US$), per capita 1,340 current US$ per person (2025)
- Gross national expenditure (current US$), per unit of GDP 1.01 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), annual growth rate 8.35 % change on previous year (2025)
- Final consumption expenditure (constant 2015 US$), per capita 832.08 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant 2015 US$) 0.2229 constant 2015 US$ per US$ of GDP (2025)
- Services, value added 552.33 billion current US$ (2025)
Frequently asked questions
- What is gross savings in Heavily indebted poor countries (HIPC)?
- Gross savings in Heavily indebted poor countries (HIPC) was 20.1% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Heavily indebted poor countries (HIPC)?
- The highest recorded value was 20.8% in 2014.
- What is the lowest gross savings recorded in Heavily indebted poor countries (HIPC)?
- The lowest recorded value was 15.6% in 2009.
- How does Heavily indebted poor countries (HIPC) rank for gross savings?
- Heavily indebted poor countries (HIPC) ranks 31st out of 42 groups with data for 2024.
- Is gross savings rising or falling in Heavily indebted poor countries (HIPC)?
- Over the last ten years it is down 3.1%. The long-run trend across the full record is rising.
- Where does this Heavily indebted poor countries (HIPC) 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.