Gross savings in Africa Western and Central
Africa Western and Central: Gross savings was 10.9% in 2007. ▬ Flat
Gross savings in Africa Western and Central, 1986–2007
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
Africa Western and Central recorded 10.9% for gross savings in 2007. That is the lowest value across all 22 years on record.
That represents a change of down 2.9% on the previous year and down 47.2% over ten years.
Over the whole period, gross savings in Africa Western and Central peaked at 22.4% in 1994 and was at its lowest, 10.9%, in 2007.
Africa Western and Central ranks 46th of 46 groups on this measure, in the bottom quarter.
Gross savings in Africa Western and Central, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1986 | 15.4% | — |
| 1987 | 15.2% | -1.4% |
| 1988 | 15.2% | -0.0% |
| 1989 | 15.7% | +3.2% |
| 1990 | 16.9% | +7.6% |
| 1991 | 17.1% | +1.4% |
| 1992 | 15.5% | -9.3% |
| 1993 | 14.9% | -4.0% |
| 1994 | 22.4% | +49.9% |
| 1995 | 21.0% | -5.9% |
| 1996 | 19.9% | -5.4% |
| 1997 | 20.5% | +3.2% |
| 1998 | 19.2% | -6.5% |
| 1999 | 18.4% | -4.4% |
| 2000 | 22.2% | +21.1% |
| 2001 | 19.8% | -10.9% |
| 2002 | 19.3% | -2.8% |
| 2003 | 20.7% | +7.5% |
| 2004 | 20.1% | -3.1% |
| 2005 | 13.2% | -34.2% |
| 2006 | 11.2% | -15.3% |
| 2007 | 10.9% | -2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 15.4% | 15.2% | 15.7% | 4 |
| 1990s | 18.6% | 14.9% | 22.4% | 10 |
| 2000s | 17.2% | 10.9% | 22.2% | 8 |
Countries ranked near Africa Western and Central
- 43 Tajikistan 29.6% compare
- 44 Malta 29.6% compare
- 45 Uzbekistan 29.5%
- 46 Oman 29.4% compare
- 47 Sweden 29.2% compare
- 48 Honduras 29.2% compare
- 49 Netherlands 29.1% compare
More economy & growth data for Africa Western and Central
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.58 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.6205 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 992.81 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 15.62 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9471 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 1,515 current US$ per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 1,768 constant 2015 US$ per person (2025)
- GDP (current US$), per capita 1,600 current US$ per person (2025)
- GDP (current US$), annual growth rate 15.62 % change on previous year (2025)
- Services, value added (constant 2015 US$), annual growth rate 5 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Africa Western and Central?
- Gross savings in Africa Western and Central was 10.9% in 2007, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Africa Western and Central?
- The highest recorded value was 22.4% in 1994.
- What is the lowest gross savings recorded in Africa Western and Central?
- The lowest recorded value was 10.9% in 2007.
- How does Africa Western and Central rank for gross savings?
- Africa Western and Central ranks 46th out of 46 groups with data for 2007.
- Is gross savings rising or falling in Africa Western and Central?
- Over the last ten years it is down 47.2%. The long-run trend across the full record is flat.
- Where does this Africa Western and Central 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.