Gross savings in Sub-Saharan Africa (IDA & IBRD countries)
Sub-Saharan Africa (IDA & IBRD countries): Gross savings was 19.3% in 2021. ▬ Flat
Gross savings in Sub-Saharan Africa (IDA & IBRD countries), 2012–2021
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Sub-Saharan Africa (IDA & IBRD countries) is 19.3%, measured in 2021. That is the highest value across all 8 years on record.
That represents a change of up 7.4% on the previous year and up 7.1% over ten years.
Over the whole period, gross savings in Sub-Saharan Africa (IDA & IBRD countries) peaked at 19.3% in 2021 and was at its lowest, 17.6%, in 2015.
That places Sub-Saharan Africa (IDA & IBRD countries) 34th out of 42 groups with data for 2021, putting it in the bottom quarter.
Gross savings in Sub-Saharan Africa (IDA & IBRD countries), year by year
| Year | % of GDP | Change |
|---|---|---|
| 2012 | 18.0% | — |
| 2013 | 17.8% | -1.2% |
| 2014 | 18.9% | +6.1% |
| 2015 | 17.6% | -6.5% |
| 2016 | 18.7% | +6.1% |
| 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% | 17.6% | 18.9% | 6 |
| 2020s | 18.6% | 18.0% | 19.3% | 2 |
Countries ranked near Sub-Saharan Africa (IDA & IBRD countries)
More economy & growth data for Sub-Saharan Africa (IDA & IBRD countries)
- Foreign direct investment, net inflows (BoP, current US$), per capita 5.26 BoP, current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 7.79 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 246.12 constant 2015 US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1471 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 3.82 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 283.73 current US$ per person (2025)
- General government final consumption expenditure (current US$), per 0.1696 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$) 9.56 % change on previous year (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0012 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -1.99 BoP, current US$ per person (2025)
Frequently asked questions
- What is gross savings in Sub-Saharan Africa (IDA & IBRD countries)?
- Gross savings in Sub-Saharan Africa (IDA & IBRD countries) 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 (IDA & IBRD countries)?
- The highest recorded value was 19.3% in 2021.
- What is the lowest gross savings recorded in Sub-Saharan Africa (IDA & IBRD countries)?
- The lowest recorded value was 17.6% in 2015.
- How does Sub-Saharan Africa (IDA & IBRD countries) rank for gross savings?
- Sub-Saharan Africa (IDA & IBRD countries) ranks 34th out of 42 groups with data for 2021.
- Is gross savings rising or falling in Sub-Saharan Africa (IDA & IBRD countries)?
- Over the last ten years it is up 7.1%. The long-run trend across the full record is flat.
- Where does this Sub-Saharan Africa (IDA & IBRD countries) 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.