Gross savings in Heavily indebted poor countries (HIPC)
Heavily indebted poor countries (HIPC): Gross savings was 20.6% in 2024. ▲ Rising
Gross savings in Heavily indebted poor countries (HIPC), 1990–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
Heavily indebted poor countries (HIPC) recorded 20.6% for gross savings in 2024.
Compared with earlier readings it is up 0.3% on the previous year and down 4.7% over ten years.
Over the whole period, gross savings in Heavily indebted poor countries (HIPC) peaked at 22.0% in 2018 and was at its lowest, 11.1%, in 1991.
Heavily indebted poor countries (HIPC) ranks 34th of 46 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 30 years of available data.
Gross savings in Heavily indebted poor countries (HIPC), year by year
| Year | % of GNI | Change |
|---|---|---|
| 1990 | 12.7% | — |
| 1991 | 11.1% | -12.7% |
| 1994 | 18.1% | +62.5% |
| 1995 | 17.1% | -5.3% |
| 1996 | 17.8% | +4.0% |
| 1997 | 18.9% | +6.3% |
| 1998 | 16.9% | -10.5% |
| 1999 | 15.7% | -7.5% |
| 2001 | 17.6% | +12.3% |
| 2003 | 20.4% | +16.2% |
| 2005 | 17.4% | -14.6% |
| 2006 | 18.4% | +5.3% |
| 2007 | 18.1% | -1.3% |
| 2008 | 18.3% | +0.7% |
| 2009 | 15.8% | -13.5% |
| 2010 | 18.7% | +18.1% |
| 2011 | 19.5% | +4.4% |
| 2012 | 18.9% | -3.1% |
| 2013 | 18.7% | -0.8% |
| 2014 | 21.6% | +15.6% |
| 2015 | 20.0% | -7.6% |
| 2016 | 21.4% | +6.9% |
| 2017 | 21.4% | -0.0% |
| 2018 | 22.0% | +3.0% |
| 2019 | 21.9% | -0.5% |
| 2020 | 21.0% | -4.3% |
| 2021 | 21.9% | +4.6% |
| 2022 | 21.1% | -3.8% |
| 2023 | 20.6% | -2.4% |
| 2024 | 20.6% | +0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.0% | 11.1% | 18.9% | 8 |
| 2000s | 18.0% | 15.8% | 20.4% | 7 |
| 2010s | 20.4% | 18.7% | 22.0% | 10 |
| 2020s | 21.0% | 20.6% | 21.9% | 5 |
Countries ranked near Heavily indebted poor countries (HIPC)
- 31 Bangladesh 33.0% compare
- 32 Botswana 32.6% compare
- 33 Marshall Islands 32.2% compare
- 34 Iraq 31.9% compare
- 35 Kazakhstan 31.5% compare
- 36 Benin 30.6% compare
- 37 Türkiye 30.3% compare
More economy & growth data for Heavily indebted poor countries (HIPC)
- Industry (including construction), value added (constant 2015 US$) 296.91 constant 2015 US$ per person (2025)
- Industry (including construction), value added (current US$), annual 15.99 % change on previous year (2025)
- Services, value added 552.33 billion current US$ (2025)
- Services, value added 443.69 billion constant 2015 US$ (2025)
- Services, value added 43.0% (2025)
- Industry (including construction), value added (current US$), per 0.2837 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 377.87 current US$ per person (2025)
- Industry (including construction), value added (constant 2015 US$) 7.8 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.2229 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 459.71 constant 2015 US$ per person (2025)
Frequently asked questions
- What is gross savings in Heavily indebted poor countries (HIPC)?
- Gross savings in Heavily indebted poor countries (HIPC) was 20.6% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Heavily indebted poor countries (HIPC)?
- The highest recorded value was 22.0% in 2018.
- What is the lowest gross savings recorded in Heavily indebted poor countries (HIPC)?
- The lowest recorded value was 11.1% in 1991.
- How does Heavily indebted poor countries (HIPC) rank for gross savings?
- Heavily indebted poor countries (HIPC) ranks 34th out of 46 groups with data for 2024.
- Is gross savings rising or falling in Heavily indebted poor countries (HIPC)?
- Over the last ten years it is down 4.7%. The long-run trend across the full record is rising.
- Where does this Heavily indebted poor countries (HIPC) 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.