Gross savings in Guinea-Bissau
Guinea-Bissau: Gross savings was 18.9% in 2024. ◆ Volatile
Gross savings in Guinea-Bissau, 1982–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
Guinea-Bissau recorded 18.9% for gross savings in 2024.
The figure is up 3.8% on the previous year and up 11.2% over ten years.
Over the whole period, gross savings in Guinea-Bissau peaked at 23.2% in 2020 and was at its lowest, -25.4%, in 1985.
That places Guinea-Bissau 112th 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 Guinea-Bissau, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1982 | -10.4% | — |
| 1983 | -7.4% | -29.5% |
| 1984 | -2.9% | -61.1% |
| 1985 | -25.4% | +787.7% |
| 1986 | -1.1% | -95.7% |
| 1987 | 7.8% | -810.3% |
| 1988 | 7.3% | -6.4% |
| 1989 | 0.9% | -87.6% |
| 1990 | 5.7% | +524.6% |
| 1991 | 1.1% | -79.9% |
| 1992 | 2.3% | +105.4% |
| 1993 | 5.2% | +121.5% |
| 1994 | 3.4% | -33.8% |
| 1995 | 2.6% | -23.8% |
| 1996 | 3.7% | +41.0% |
| 1997 | -2.2% | -158.6% |
| 2001 | -5.4% | +151.0% |
| 2002 | 12.2% | -324.1% |
| 2003 | 19.2% | +58.2% |
| 2004 | 13.8% | -28.5% |
| 2005 | 6.3% | -54.1% |
| 2006 | -0.2% | -103.4% |
| 2007 | 9.0% | -4344.4% |
| 2008 | 4.5% | -49.6% |
| 2009 | 6.9% | +51.0% |
| 2010 | 7.4% | +8.1% |
| 2011 | 9.7% | +31.0% |
| 2012 | 5.3% | -45.0% |
| 2013 | 8.2% | +52.7% |
| 2014 | 17.0% | +108.7% |
| 2015 | 16.4% | -3.5% |
| 2016 | 15.6% | -4.9% |
| 2017 | 19.2% | +23.0% |
| 2018 | 16.6% | -13.5% |
| 2019 | 14.2% | -14.3% |
| 2020 | 23.2% | +63.1% |
| 2021 | 20.3% | -12.5% |
| 2022 | 13.7% | -32.6% |
| 2023 | 18.2% | +33.1% |
| 2024 | 18.9% | +3.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -3.9% | -25.4% | 7.8% | 8 |
| 1990s | 2.7% | -2.2% | 5.7% | 8 |
| 2000s | 7.4% | -5.4% | 19.2% | 9 |
| 2010s | 13.0% | 5.3% | 19.2% | 10 |
| 2020s | 18.9% | 13.7% | 23.2% | 5 |
Countries ranked near Guinea-Bissau
More economy & growth data for Guinea-Bissau
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.42 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- Gross capital formation (constant 2015 US$), annual growth rate -6.36 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1301 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 146.25 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 12.28 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.2701 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 303.56 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 7.75 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 157.2 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Guinea-Bissau?
- Gross savings in Guinea-Bissau was 18.9% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Guinea-Bissau?
- The highest recorded value was 23.2% in 2020.
- What is the lowest gross savings recorded in Guinea-Bissau?
- The lowest recorded value was -25.4% in 1985.
- How does Guinea-Bissau rank for gross savings?
- Guinea-Bissau ranks 112th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Guinea-Bissau?
- Over the last ten years it is up 11.2%. The long-run trend across the full record is volatile.
- Where does this Guinea-Bissau 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.