Gross savings in Sub-Saharan Africa (excluding high income)
Sub-Saharan Africa (excluding high income): Gross savings was 19.3% in 2021. ▬ Flat
Gross savings in Sub-Saharan Africa (excluding high income), 2012–2021
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Sub-Saharan Africa (excluding high income) recorded 19.3% for gross savings in 2021. That is the highest value across all 8 years on record.
Compared with earlier readings it is up 7.4% on the previous year and up 7.3% over ten years.
Over the whole period, gross savings in Sub-Saharan Africa (excluding high income) peaked at 19.3% in 2021 and was at its lowest, 17.7%, in 2015.
Sub-Saharan Africa (excluding high income) ranks 33rd of 42 groups on this measure, in the bottom quarter.
Gross savings in Sub-Saharan Africa (excluding high income), year by year
| Year | % of GDP | Change |
|---|---|---|
| 2012 | 18.0% | — |
| 2013 | 17.8% | -1.2% |
| 2014 | 18.9% | +6.3% |
| 2015 | 17.7% | -6.6% |
| 2016 | 18.7% | +6.2% |
| 2019 | 18.7% | -0.0% |
| 2020 | 18.0% | -4.1% |
| 2021 | 19.3% | +7.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 18.3% | 17.7% | 18.9% | 6 |
| 2020s | 18.6% | 18.0% | 19.3% | 2 |
Countries ranked near Sub-Saharan Africa (excluding high income)
More economy & growth data for Sub-Saharan Africa (excluding high income)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.36 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 0.147 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 245.62 constant 2015 US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 7.79 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.8257 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 1,380 current US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 8.1 % change on previous year (2025)
- Final consumption expenditure (current US$), per capita 1,655 current US$ per person (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.9901 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 3.8 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Sub-Saharan Africa (excluding high income)?
- Gross savings in Sub-Saharan Africa (excluding high income) was 19.3% in 2021, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Sub-Saharan Africa (excluding high income)?
- The highest recorded value was 19.3% in 2021.
- What is the lowest gross savings recorded in Sub-Saharan Africa (excluding high income)?
- The lowest recorded value was 17.7% in 2015.
- How does Sub-Saharan Africa (excluding high income) rank for gross savings?
- Sub-Saharan Africa (excluding high income) ranks 33rd out of 42 groups with data for 2021.
- Is gross savings rising or falling in Sub-Saharan Africa (excluding high income)?
- Over the last ten years it is up 7.3%. The long-run trend across the full record is flat.
- Where does this Sub-Saharan Africa (excluding high income) 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.