Gross savings in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD)
Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD): Gross savings was 22.3% in 2024. ▼ Falling
Gross savings in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD), 1977–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
In 2024, gross savings in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) stood at 22.3%.
The figure is down 9.7% on the previous year and down 5.5% over ten years.
Over the whole period, gross savings in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) peaked at 34.8% in 2008 and was at its lowest, 17.9%, in 2016.
That places Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) 28th out of 46 groups with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 32 years of available data.
Gross savings in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD), year by year
| Year | % of GNI | Change |
|---|---|---|
| 1977 | 30.4% | — |
| 1978 | 24.6% | -19.1% |
| 1979 | 27.1% | +10.0% |
| 1980 | 25.7% | -5.1% |
| 1989 | 20.3% | -21.0% |
| 1991 | 26.6% | +30.9% |
| 1992 | 26.4% | -0.6% |
| 1993 | 24.7% | -6.5% |
| 1994 | 25.3% | +2.4% |
| 1995 | 25.3% | +0.1% |
| 1996 | 26.9% | +6.2% |
| 1997 | 24.3% | -9.5% |
| 1998 | 23.5% | -3.5% |
| 1999 | 25.7% | +9.7% |
| 2000 | 25.9% | +0.5% |
| 2005 | 32.4% | +25.3% |
| 2006 | 34.0% | +4.8% |
| 2007 | 33.1% | -2.7% |
| 2008 | 34.8% | +5.3% |
| 2009 | 25.4% | -26.9% |
| 2010 | 28.7% | +13.1% |
| 2013 | 26.5% | -7.7% |
| 2014 | 23.6% | -11.0% |
| 2015 | 18.3% | -22.6% |
| 2016 | 17.9% | -1.9% |
| 2018 | 24.3% | +35.3% |
| 2019 | 22.8% | -6.0% |
| 2020 | 18.9% | -16.9% |
| 2021 | 22.8% | +20.2% |
| 2022 | 26.5% | +16.3% |
| 2023 | 24.7% | -6.7% |
| 2024 | 22.3% | -9.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 27.4% | 24.6% | 30.4% | 3 |
| 1980s | 23.0% | 20.3% | 25.7% | 2 |
| 1990s | 25.4% | 23.5% | 26.9% | 9 |
| 2000s | 30.9% | 25.4% | 34.8% | 6 |
| 2010s | 23.2% | 17.9% | 28.7% | 7 |
| 2020s | 23.0% | 18.9% | 26.5% | 5 |
Countries ranked near Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD)
- 25 India 35.1% compare
- 26 South Korea 35.0% compare
- 27 Panama 34.9% compare
- 28 Mauritania 34.8% compare
- 29 Denmark 34.3% compare
- 30 Papua New Guinea 33.6% compare
- 31 Bangladesh 33.0% compare
More economy & growth data for Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD)
- General government final consumption expenditure (current US$), per 0.1377 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.09 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current US$) 1,924 current US$ per person (2025)
- Households and NPISHs Final consumption expenditure (current US$) 0.6806 current US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current US$) 2.45 % change on previous year (2025)
- General government final consumption expenditure (constant 2015 US$) 453.08 constant 2015 US$ per person (2025)
- General government final consumption expenditure (constant 2015 US$) 0.1603 constant 2015 US$ per US$ of GDP (2025)
- General government final consumption expenditure (constant 2015 US$) 3.4 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 389.12 current US$ per person (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0008 BoP, current US$ per US$ of GDP (2025)
All data for Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) →
Frequently asked questions
- What is gross savings in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD)?
- Gross savings in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) was 22.3% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD)?
- The highest recorded value was 34.8% in 2008.
- What is the lowest gross savings recorded in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD)?
- The lowest recorded value was 17.9% in 2016.
- How does Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) rank for gross savings?
- Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) ranks 28th out of 46 groups with data for 2024.
- Is gross savings rising or falling in Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD)?
- Over the last ten years it is down 5.5%. The long-run trend across the full record is falling.
- Where does this Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) 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.