Gross savings in Zambia
Zambia: Gross savings was 32.2% in 2024. ▲ Rising
Gross savings in Zambia, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2024, gross savings in Zambia stood at 32.2%.
Compared with earlier readings it is down 6.7% on the previous year and down 18.6% over ten years.
Over the whole period, gross savings in Zambia peaked at 46.1% in 2021 and was at its lowest, 31.4%, in 2010.
That places Zambia 31st out of 178 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Gross savings in Zambia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 31.4% | — |
| 2011 | 36.0% | +14.6% |
| 2012 | 41.0% | +13.7% |
| 2013 | 37.9% | -7.5% |
| 2014 | 39.5% | +4.2% |
| 2015 | 37.7% | -4.5% |
| 2016 | 37.4% | -1.0% |
| 2017 | 43.3% | +15.9% |
| 2018 | 41.9% | -3.2% |
| 2019 | 39.8% | -4.9% |
| 2020 | 44.9% | +12.8% |
| 2021 | 46.1% | +2.6% |
| 2022 | 45.4% | -1.5% |
| 2023 | 34.5% | -24.1% |
| 2024 | 32.2% | -6.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 38.6% | 31.4% | 43.3% | 10 |
| 2020s | 40.6% | 32.2% | 46.1% | 5 |
Countries ranked near Zambia
More economy & growth data for Zambia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.31 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.92 Percent per annum (2029)
- Manufacturing, value added (current US$), per unit of GDP 0.0875 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 115.3 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 2.2 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 2,897 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.086 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 113.36 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 722.42 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 14.41 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Zambia?
- Gross savings in Zambia was 32.2% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Zambia?
- The highest recorded value was 46.1% in 2021.
- What is the lowest gross savings recorded in Zambia?
- The lowest recorded value was 31.4% in 2010.
- How does Zambia rank for gross savings?
- Zambia ranks 31st out of 178 countries with data for 2024.
- Is gross savings rising or falling in Zambia?
- Over the last ten years it is down 18.6%. The long-run trend across the full record is rising.
- Where does this Zambia 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.