Gross savings in Nicaragua
Nicaragua: Gross savings was 28.5% in 2024. ▲ Rising
Gross savings in Nicaragua, 1994–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Nicaragua recorded 28.5% for gross savings in 2024.
Compared with earlier readings it is down 4.6% on the previous year and up 38.0% over ten years.
Over the whole period, gross savings in Nicaragua peaked at 29.9% in 2023 and was at its lowest, -4.7%, in 1994.
That places Nicaragua 51st out of 178 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Gross savings in Nicaragua, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1994 | -4.7% | — |
| 1995 | 3.3% | -170.6% |
| 1996 | 4.9% | +50.4% |
| 1997 | 7.5% | +52.4% |
| 1998 | 11.8% | +57.1% |
| 1999 | 13.7% | +15.4% |
| 2000 | 10.4% | -24.2% |
| 2001 | 9.7% | -6.6% |
| 2002 | 8.6% | -11.0% |
| 2003 | 9.7% | +12.4% |
| 2004 | 13.0% | +34.1% |
| 2005 | 14.2% | +9.5% |
| 2006 | 15.1% | +6.4% |
| 2007 | 15.2% | +0.3% |
| 2008 | 16.5% | +9.0% |
| 2009 | 14.6% | -11.5% |
| 2010 | 15.9% | +8.5% |
| 2011 | 19.0% | +19.8% |
| 2012 | 19.3% | +1.3% |
| 2013 | 17.9% | -6.8% |
| 2014 | 20.6% | +14.9% |
| 2015 | 23.5% | +13.9% |
| 2016 | 22.5% | -4.2% |
| 2017 | 22.4% | -0.4% |
| 2018 | 22.0% | -1.8% |
| 2019 | 23.6% | +7.1% |
| 2020 | 23.8% | +0.8% |
| 2021 | 19.8% | -16.8% |
| 2022 | 18.1% | -8.3% |
| 2023 | 29.9% | +64.7% |
| 2024 | 28.5% | -4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.1% | -4.7% | 13.7% | 6 |
| 2000s | 12.7% | 8.6% | 16.5% | 10 |
| 2010s | 20.7% | 15.9% | 23.6% | 10 |
| 2020s | 24.0% | 18.1% | 29.9% | 5 |
Countries ranked near Nicaragua
- 48 Faroe Islands 28.8% compare
- 49 Congo, Democratic Republic of the 28.7% compare
- 50 Russian Federation 28.6% compare
- 52 Czechia 27.7% compare
- 53 Oman 27.7% compare
- 54 Sri Lanka 27.6% compare
More economy & growth data for Nicaragua
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.29 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.5 Percent per annum (2029)
- Gross capital formation (current US$), annual growth rate 17.51 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2576 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 817.4 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 17.52 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 9.43 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 29,937 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 17.13 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2426 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Nicaragua?
- Gross savings in Nicaragua was 28.5% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Nicaragua?
- The highest recorded value was 29.9% in 2023.
- What is the lowest gross savings recorded in Nicaragua?
- The lowest recorded value was -4.7% in 1994.
- How does Nicaragua rank for gross savings?
- Nicaragua ranks 51st out of 178 countries with data for 2024.
- Is gross savings rising or falling in Nicaragua?
- Over the last ten years it is up 38.0%. The long-run trend across the full record is rising.
- Where does this Nicaragua 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.