Gross savings in Mozambique
Mozambique: Gross savings was 1.7% in 2024. ▼ Falling
Gross savings in Mozambique, 2005–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Mozambique recorded 1.7% for gross savings in 2024. That is the lowest value across all 20 years on record.
The figure is down 36.1% on the previous year and down 81.8% over ten years.
Over the whole period, gross savings in Mozambique peaked at 19.7% in 2019 and was at its lowest, 1.7%, in 2024.
That places Mozambique 172nd out of 178 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Gross savings in Mozambique, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2005 | 9.6% | — |
| 2006 | 11.3% | +17.5% |
| 2007 | 13.0% | +15.2% |
| 2008 | 13.7% | +5.6% |
| 2009 | 11.7% | -14.2% |
| 2010 | 12.2% | +3.8% |
| 2011 | 12.9% | +5.6% |
| 2012 | 10.5% | -18.8% |
| 2013 | 10.9% | +4.4% |
| 2014 | 9.4% | -14.1% |
| 2015 | 11.7% | +25.1% |
| 2016 | 6.8% | -42.4% |
| 2017 | 10.5% | +55.2% |
| 2018 | 13.6% | +29.5% |
| 2019 | 19.7% | +45.0% |
| 2020 | 15.1% | -23.4% |
| 2021 | 12.6% | -16.6% |
| 2022 | 8.4% | -33.2% |
| 2023 | 2.7% | -68.2% |
| 2024 | 1.7% | -36.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.9% | 9.6% | 13.7% | 5 |
| 2010s | 11.8% | 6.8% | 19.7% | 10 |
| 2020s | 8.1% | 1.7% | 15.1% | 5 |
Countries ranked near Mozambique
- 169 Sudan 5.0% compare
- 170 Republic of Moldova 4.1% compare
- 171 Seychelles 2.5% compare
- 173 Solomon Islands 1.1% compare
- 174 Malawi -2.0% compare
- 175 Yemen -4.5% compare
More economy & growth data for Mozambique
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.66 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 8.46 Percent per annum (2029)
- Manufacturing, value added (current US$), per unit of GDP 0.0619 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 38.8 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 3.97 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 2,487 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0556 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 34.85 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 2,072 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual -1.11 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Mozambique?
- Gross savings in Mozambique was 1.7% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Mozambique?
- The highest recorded value was 19.7% in 2019.
- What is the lowest gross savings recorded in Mozambique?
- The lowest recorded value was 1.7% in 2024.
- How does Mozambique rank for gross savings?
- Mozambique ranks 172nd out of 178 countries with data for 2024.
- Is gross savings rising or falling in Mozambique?
- Over the last ten years it is down 81.8%. The long-run trend across the full record is falling.
- Where does this Mozambique 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.