Gross savings in Least developed countries
Least developed countries: Gross savings was 27.1% in 2024. ▲ Rising
Gross savings in Least developed countries, 1996–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
In 2024, gross savings in Least developed countries stood at 27.1%.
That represents a change of down 0.9% on the previous year and up 8.0% over ten years.
Over the whole period, gross savings in Least developed countries peaked at 29.0% in 2019 and was at its lowest, 19.9%, in 1998.
Least developed countries ranks 16th of 44 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Gross savings in Least developed countries, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1996 | 19.9% | — |
| 1997 | 21.4% | +7.2% |
| 1998 | 19.9% | -6.8% |
| 2002 | 24.6% | +23.6% |
| 2003 | 24.9% | +1.2% |
| 2004 | 27.5% | +10.4% |
| 2005 | 26.9% | -1.9% |
| 2006 | 28.1% | +4.3% |
| 2007 | 28.5% | +1.3% |
| 2008 | 28.5% | +0.0% |
| 2009 | 24.9% | -12.3% |
| 2010 | 27.7% | +10.9% |
| 2011 | 27.8% | +0.5% |
| 2012 | 27.6% | -0.6% |
| 2013 | 25.7% | -6.9% |
| 2014 | 25.1% | -2.3% |
| 2015 | 22.9% | -9.0% |
| 2016 | 26.3% | +14.9% |
| 2017 | 27.7% | +5.3% |
| 2018 | 28.5% | +3.1% |
| 2019 | 29.0% | +1.6% |
| 2020 | 28.0% | -3.3% |
| 2021 | 28.6% | +2.0% |
| 2022 | 27.3% | -4.8% |
| 2023 | 27.4% | +0.5% |
| 2024 | 27.1% | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.4% | 19.9% | 21.4% | 3 |
| 2000s | 26.7% | 24.6% | 28.5% | 8 |
| 2010s | 26.8% | 22.9% | 29.0% | 10 |
| 2020s | 27.7% | 27.1% | 28.6% | 5 |
Countries ranked near Least developed countries
More economy & growth data for Least developed countries
- Gross value added at basic prices (GVA) 1.29 trillion constant 2015 US$ (2025)
- Industry (including construction), value added 4.9% (2025)
- Industry (including construction), value added 29.7% (2025)
- Services, value added 737.78 billion current US$ (2025)
- Services, value added 622.97 billion constant 2015 US$ (2025)
- Services, value added 4.6% (2025)
- Services, value added 44.6% (2025)
- Inflation, GDP deflator 4.8% (2025)
- Gross value added at basic prices (GVA) 1.58 trillion current US$ (2025)
- GDP per capita growth 1.9% (2025)
Frequently asked questions
- What is gross savings in Least developed countries?
- Gross savings in Least developed countries was 27.1% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Least developed countries?
- The highest recorded value was 29.0% in 2019.
- What is the lowest gross savings recorded in Least developed countries?
- The lowest recorded value was 19.9% in 1998.
- How does Least developed countries rank for gross savings?
- Least developed countries ranks 16th out of 44 groups with data for 2024.
- Is gross savings rising or falling in Least developed countries?
- Over the last ten years it is up 8.0%. The long-run trend across the full record is rising.
- Where does this Least developed countries 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.