Gross savings in Rwanda
Rwanda: Gross savings was 22.8% in 2024. ▲ Rising
Gross savings in Rwanda, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Rwanda is 22.8%, measured in 2024.
That represents a change of down 1.3% on the previous year and up 90.4% over ten years.
Over the whole period, gross savings in Rwanda peaked at 25.8% in 2022 and was at its lowest, 10.0%, in 2015.
Rwanda ranks 89th of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Gross savings in Rwanda, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 13.5% | — |
| 2011 | 17.4% | +29.0% |
| 2012 | 13.9% | -20.4% |
| 2013 | 16.7% | +20.5% |
| 2014 | 12.0% | -28.5% |
| 2015 | 10.0% | -16.5% |
| 2016 | 10.7% | +6.8% |
| 2017 | 14.5% | +36.2% |
| 2018 | 16.5% | +13.9% |
| 2019 | 19.2% | +16.2% |
| 2020 | 15.2% | -21.0% |
| 2021 | 20.0% | +31.6% |
| 2022 | 25.8% | +28.9% |
| 2023 | 23.1% | -10.5% |
| 2024 | 22.8% | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 14.4% | 10.0% | 19.2% | 10 |
| 2020s | 21.4% | 15.2% | 25.8% | 5 |
Countries ranked near Rwanda
More economy & growth data for Rwanda
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.1 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 7.3 Percent per annum (2029)
- Services, value added (current US$), annual growth rate 8.62 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5233 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 588.03 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 17.72 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 747.5 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 839,992 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 8.5 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.5363 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Rwanda?
- Gross savings in Rwanda was 22.8% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Rwanda?
- The highest recorded value was 25.8% in 2022.
- What is the lowest gross savings recorded in Rwanda?
- The lowest recorded value was 10.0% in 2015.
- How does Rwanda rank for gross savings?
- Rwanda ranks 89th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Rwanda?
- Over the last ten years it is up 90.4%. The long-run trend across the full record is rising.
- Where does this Rwanda 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.