Gross savings in Gambia
Gambia: Gross savings was 26.3% in 2024. ◆ Volatile
Gross savings in Gambia, 1978–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
In 2024, gross savings in Gambia stood at 26.3%.
That represents a change of up 36.3% on the previous year and up 124.9% over ten years.
Over the whole period, gross savings in Gambia peaked at 37.3% in 1987 and was at its lowest, -3.4%, in 1996.
That places Gambia 60th out of 178 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Gambia, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1978 | 3.8% | — |
| 1979 | 11.5% | +202.0% |
| 1980 | 16.6% | +44.3% |
| 1981 | 24.7% | +48.5% |
| 1982 | 20.5% | -17.1% |
| 1983 | 10.7% | -47.6% |
| 1984 | 12.1% | +12.4% |
| 1985 | 20.6% | +70.6% |
| 1986 | 25.4% | +23.6% |
| 1987 | 37.3% | +46.5% |
| 1988 | 29.5% | -20.7% |
| 1989 | 18.6% | -37.2% |
| 1990 | 23.8% | +28.1% |
| 1991 | 9.0% | -62.1% |
| 1992 | 12.0% | +33.3% |
| 1993 | -0.2% | -101.4% |
| 1994 | -2.4% | +1377.5% |
| 1995 | 9.6% | -502.2% |
| 1996 | -3.4% | -135.0% |
| 1997 | 7.8% | -330.1% |
| 2003 | 10.3% | +32.2% |
| 2004 | 6.2% | -39.8% |
| 2005 | 3.7% | -40.8% |
| 2006 | 12.0% | +228.6% |
| 2007 | 9.4% | -21.5% |
| 2008 | 0.3% | -96.5% |
| 2009 | 5.4% | +1557.0% |
| 2010 | -0.4% | -106.7% |
| 2011 | 6.4% | -1885.7% |
| 2012 | 16.1% | +149.6% |
| 2013 | 5.7% | -64.4% |
| 2014 | 11.7% | +104.6% |
| 2015 | 19.4% | +65.7% |
| 2016 | 20.3% | +4.8% |
| 2017 | 19.0% | -6.2% |
| 2018 | 16.0% | -16.2% |
| 2019 | 18.3% | +14.4% |
| 2020 | 27.3% | +49.5% |
| 2021 | 24.6% | -9.7% |
| 2022 | 21.8% | -11.5% |
| 2023 | 19.3% | -11.5% |
| 2024 | 26.3% | +36.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.7% | 3.8% | 11.5% | 2 |
| 1980s | 21.6% | 10.7% | 37.3% | 10 |
| 1990s | 7.0% | -3.4% | 23.8% | 8 |
| 2000s | 6.8% | 0.3% | 12.0% | 7 |
| 2010s | 13.2% | -0.4% | 20.3% | 10 |
| 2020s | 23.9% | 19.3% | 27.3% | 5 |
Countries ranked near Gambia
- 57 Faroe Islands 27.3% compare
- 58 Venezuela, Bolivarian Republic of 26.9% compare
- 59 Hong Kong, China 26.6% compare
- 61 Philippines 26.2% compare
- 62 Israel 26.1% compare
- 63 Belarus 25.8% compare
More economy & growth data for Gambia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.69 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5.02 Percent per annum (2029)
- Gross capital formation (constant 2015 US$), annual growth rate 8.31 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.3259 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 299.49 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 59.54 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.4944 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 454.39 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 69.01 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 35.47 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Gambia?
- Gross savings in Gambia was 26.3% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Gambia?
- The highest recorded value was 37.3% in 1987.
- What is the lowest gross savings recorded in Gambia?
- The lowest recorded value was -3.4% in 1996.
- How does Gambia rank for gross savings?
- Gambia ranks 60th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Gambia?
- Over the last ten years it is up 124.9%. The long-run trend across the full record is volatile.
- Where does this Gambia 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.