Gross savings in Africa Eastern and Southern
Africa Eastern and Southern: Gross savings was 18.7% in 2024. ▬ Flat
Gross savings in Africa Eastern and Southern, 1979–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
In 2024, gross savings in Africa Eastern and Southern stood at 18.7%.
That represents a change of down 3.8% on the previous year and down 0.0% over ten years.
Over the whole period, gross savings in Africa Eastern and Southern peaked at 26.8% in 1980 and was at its lowest, 13.4%, in 1991.
Africa Eastern and Southern ranks 36th of 46 groups on this measure, in the bottom quarter.
Gross savings in Africa Eastern and Southern, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1979 | 22.6% | — |
| 1980 | 26.8% | +18.3% |
| 1981 | 23.5% | -12.2% |
| 1982 | 19.8% | -15.9% |
| 1983 | 19.8% | +0.3% |
| 1984 | 18.7% | -5.9% |
| 1986 | 18.7% | +0.3% |
| 1987 | 17.1% | -8.9% |
| 1988 | 17.4% | +2.0% |
| 1989 | 17.5% | +0.8% |
| 1990 | 14.4% | -17.8% |
| 1991 | 13.4% | -7.0% |
| 1992 | 16.2% | +20.7% |
| 1993 | 17.8% | +10.2% |
| 1994 | 16.9% | -5.4% |
| 1995 | 17.6% | +4.3% |
| 1996 | 17.3% | -1.5% |
| 1997 | 17.1% | -1.5% |
| 1998 | 15.9% | -6.7% |
| 1999 | 15.7% | -1.7% |
| 2000 | 16.6% | +5.7% |
| 2001 | 17.3% | +4.3% |
| 2002 | 20.4% | +18.2% |
| 2003 | 20.7% | +1.3% |
| 2004 | 21.2% | +2.3% |
| 2005 | 22.3% | +5.1% |
| 2006 | 23.5% | +5.4% |
| 2007 | 23.9% | +1.9% |
| 2008 | 23.7% | -1.0% |
| 2009 | 20.0% | -15.7% |
| 2010 | 21.2% | +6.2% |
| 2011 | 21.6% | +1.9% |
| 2012 | 19.6% | -9.3% |
| 2013 | 19.1% | -2.4% |
| 2014 | 18.7% | -2.1% |
| 2015 | 17.1% | -8.7% |
| 2016 | 18.8% | +10.1% |
| 2017 | 18.8% | -0.0% |
| 2018 | 19.4% | +3.4% |
| 2019 | 18.8% | -3.3% |
| 2020 | 18.8% | +0.0% |
| 2021 | 20.5% | +9.0% |
| 2022 | 19.8% | -3.3% |
| 2023 | 19.4% | -2.0% |
| 2024 | 18.7% | -3.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 22.6% | 22.6% | 22.6% | 1 |
| 1980s | 19.9% | 17.1% | 26.8% | 9 |
| 1990s | 16.2% | 13.4% | 17.8% | 10 |
| 2000s | 20.9% | 16.6% | 23.9% | 10 |
| 2010s | 19.3% | 17.1% | 21.6% | 10 |
| 2020s | 19.4% | 18.7% | 20.5% | 5 |
Countries ranked near Africa Eastern and Southern
More economy & growth data for Africa Eastern and Southern
- General government final consumption expenditure (current US$), per 0.1486 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.06 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 1,159 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6726 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 6.75 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 226.14 constant 2015 US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1313 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 3.39 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 255.93 current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0029 BoP, current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Africa Eastern and Southern?
- Gross savings in Africa Eastern and Southern was 18.7% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Africa Eastern and Southern?
- The highest recorded value was 26.8% in 1980.
- What is the lowest gross savings recorded in Africa Eastern and Southern?
- The lowest recorded value was 13.4% in 1991.
- How does Africa Eastern and Southern rank for gross savings?
- Africa Eastern and Southern ranks 36th out of 46 groups with data for 2024.
- Is gross savings rising or falling in Africa Eastern and Southern?
- Over the last ten years it is down 0.0%. The long-run trend across the full record is flat.
- Where does this Africa Eastern and Southern data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GNI). 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 National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.