Gross savings in Sao Tome and Principe
Sao Tome and Principe: Gross savings was 9.0% in 2024. ◆ Volatile
Gross savings in Sao Tome and Principe, 2008–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Sao Tome and Principe recorded 9.0% for gross savings in 2024.
Compared with earlier readings it is down 36.9% on the previous year and up 133.4% over ten years.
Over the whole period, gross savings in Sao Tome and Principe peaked at 20.7% in 2022 and was at its lowest, -39.2%, in 2012.
That places Sao Tome and Principe 164th out of 178 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Sao Tome and Principe, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | -34.0% | — |
| 2009 | -30.2% | -11.1% |
| 2010 | -32.8% | +8.6% |
| 2011 | -36.3% | +10.5% |
| 2012 | -39.2% | +8.0% |
| 2013 | -16.3% | -58.4% |
| 2014 | -27.0% | +65.5% |
| 2015 | -20.0% | -25.9% |
| 2016 | -14.3% | -28.6% |
| 2017 | -14.4% | +0.8% |
| 2018 | -16.0% | +11.1% |
| 2019 | -15.6% | -2.4% |
| 2020 | -4.4% | -71.9% |
| 2021 | -11.6% | +164.5% |
| 2022 | 20.7% | -278.5% |
| 2023 | 14.3% | -31.0% |
| 2024 | 9.0% | -36.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -32.1% | -34.0% | -30.2% | 2 |
| 2010s | -23.2% | -39.2% | -14.3% | 10 |
| 2020s | 5.6% | -11.6% | 20.7% | 5 |
Countries ranked near Sao Tome and Principe
More economy & growth data for Sao Tome and Principe
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.41 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.35 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 3.83 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0046 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 16.27 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -16.68 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 35.34 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0202 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita -70.83 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 27.12 % change on previous year (2024)
Frequently asked questions
- What is gross savings in Sao Tome and Principe?
- Gross savings in Sao Tome and Principe was 9.0% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Sao Tome and Principe?
- The highest recorded value was 20.7% in 2022.
- What is the lowest gross savings recorded in Sao Tome and Principe?
- The lowest recorded value was -39.2% in 2012.
- How does Sao Tome and Principe rank for gross savings?
- Sao Tome and Principe ranks 164th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Sao Tome and Principe?
- Over the last ten years it is up 133.4%. The long-run trend across the full record is volatile.
- Where does this Sao Tome and Principe 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.