Gross savings in Sub-Saharan Africa
Sub-Saharan Africa: Gross savings was 19.3% in 2021. ▬ Flat
Gross savings in Sub-Saharan Africa, 2012–2021
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2021, gross savings in Sub-Saharan Africa stood at 19.3%. 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 peaked at 19.3% in 2021 and was at its lowest, 17.6%, in 2015.
Sub-Saharan Africa ranks 34th of 42 groups on this measure, in the bottom quarter.
Gross savings in Sub-Saharan Africa, 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
More economy & growth data for Sub-Saharan Africa
- Imports of goods and services (constant 2015 US$), annual growth rate 4.54 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.1718 constant 2015 US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 4.68 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per capita 420.94 constant 2015 US$ per person (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.2516 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per unit of GDP 0.2788 current US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 407.9 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 8.19 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 287.43 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), per capita 466.42 current US$ per person (2025)
Frequently asked questions
- What is gross savings in Sub-Saharan Africa?
- Gross savings in Sub-Saharan Africa 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?
- The highest recorded value was 19.3% in 2021.
- What is the lowest gross savings recorded in Sub-Saharan Africa?
- The lowest recorded value was 17.6% in 2015.
- How does Sub-Saharan Africa rank for gross savings?
- Sub-Saharan Africa ranks 34th out of 42 groups with data for 2021.
- Is gross savings rising or falling in Sub-Saharan Africa?
- 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 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.
Download this data
CSV · JSON — 8 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.