Gross savings in Seychelles
Seychelles: Gross savings was 2.5% in 2024. ◆ Volatile
Gross savings in Seychelles, 1976–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Seychelles is 2.5%, measured in 2024.
The figure is down 64.1% on the previous year and down 68.0% over ten years.
Over the whole period, gross savings in Seychelles peaked at 46.1% in 1978 and was at its lowest, -11.5%, in 2021.
That places Seychelles 170th out of 177 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 Seychelles, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 29.2% | — |
| 1977 | 43.7% | +49.4% |
| 1978 | 46.1% | +5.7% |
| 1979 | 26.2% | -43.3% |
| 1980 | 33.1% | +26.6% |
| 1981 | 23.6% | -28.6% |
| 1982 | 12.6% | -46.7% |
| 1983 | 18.4% | +46.0% |
| 1984 | 30.8% | +67.6% |
| 1985 | 33.4% | +8.4% |
| 1986 | 32.6% | -2.6% |
| 1987 | 35.3% | +8.4% |
| 1988 | 35.4% | +0.4% |
| 1989 | 29.7% | -16.1% |
| 1990 | 23.6% | -20.7% |
| 1991 | 21.7% | -7.8% |
| 1992 | 21.0% | -3.5% |
| 1993 | 21.3% | +1.7% |
| 1994 | 26.3% | +23.2% |
| 1995 | 22.3% | -15.3% |
| 1996 | 30.1% | +34.9% |
| 1997 | 21.7% | -27.8% |
| 1998 | 18.7% | -13.7% |
| 1999 | 24.7% | +32.0% |
| 2000 | 20.3% | -17.9% |
| 2001 | 19.5% | -4.0% |
| 2002 | 20.5% | +5.5% |
| 2003 | 19.6% | -4.8% |
| 2004 | 28.7% | +46.8% |
| 2005 | 31.0% | +7.9% |
| 2006 | 23.9% | -22.7% |
| 2007 | 18.7% | -21.7% |
| 2008 | 6.5% | -65.4% |
| 2009 | 11.2% | +72.6% |
| 2010 | 16.6% | +48.1% |
| 2011 | 14.3% | -13.7% |
| 2012 | 23.6% | +64.9% |
| 2013 | 26.3% | +11.7% |
| 2014 | 7.9% | -69.8% |
| 2015 | 11.9% | +49.5% |
| 2016 | 7.4% | -37.8% |
| 2017 | 7.2% | -2.1% |
| 2018 | 5.4% | -25.4% |
| 2019 | 9.1% | +67.7% |
| 2020 | -3.6% | -139.5% |
| 2021 | -11.5% | +221.7% |
| 2022 | 4.9% | -142.6% |
| 2023 | 7.1% | +44.3% |
| 2024 | 2.5% | -64.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 36.3% | 26.2% | 46.1% | 4 |
| 1980s | 28.5% | 12.6% | 35.4% | 10 |
| 1990s | 23.1% | 18.7% | 30.1% | 10 |
| 2000s | 20.0% | 6.5% | 31.0% | 10 |
| 2010s | 13.0% | 5.4% | 26.3% | 10 |
| 2020s | -0.1% | -11.5% | 7.1% | 5 |
Countries ranked near Seychelles
More economy & growth data for Seychelles
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.15 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.59 Percent per annum (2029)
- Manufacturing, value added (constant LCU), per capita 13,276 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 14.54 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.1435 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 2,791 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 16.08 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 2.11 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 41,098 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 12.99 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Seychelles?
- Gross savings in Seychelles was 2.5% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Seychelles?
- The highest recorded value was 46.1% in 1978.
- What is the lowest gross savings recorded in Seychelles?
- The lowest recorded value was -11.5% in 2021.
- How does Seychelles rank for gross savings?
- Seychelles ranks 170th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Seychelles?
- Over the last ten years it is down 68.0%. The long-run trend across the full record is volatile.
- Where does this Seychelles 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.