Gross savings in Rwanda
Rwanda: Gross savings was 23.3% in 2024. ▲ Rising
Gross savings in Rwanda, 2010–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
In 2024, gross savings in Rwanda stood at 23.3%.
That represents a change of down 0.9% on the previous year and up 90.3% over ten years.
Over the whole period, gross savings in Rwanda peaked at 26.2% in 2022 and was at its lowest, 10.2%, in 2015.
Rwanda ranks 85th of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Gross savings in Rwanda, year by year
| Year | % of GNI | Change |
|---|---|---|
| 2010 | 13.6% | — |
| 2011 | 17.6% | +29.0% |
| 2012 | 14.1% | -19.9% |
| 2013 | 17.0% | +20.9% |
| 2014 | 12.2% | -28.0% |
| 2015 | 10.2% | -16.8% |
| 2016 | 11.0% | +7.8% |
| 2017 | 15.0% | +36.7% |
| 2018 | 17.2% | +14.4% |
| 2019 | 19.8% | +15.7% |
| 2020 | 15.5% | -22.0% |
| 2021 | 20.3% | +31.2% |
| 2022 | 26.2% | +29.1% |
| 2023 | 23.5% | -10.4% |
| 2024 | 23.3% | -0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 14.8% | 10.2% | 19.8% | 10 |
| 2020s | 21.8% | 15.5% | 26.2% | 5 |
Countries ranked near Rwanda
More economy & growth data for Rwanda
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 5.1 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 7.3 Percent per annum (2029)
- Industry (including construction), value added (constant 2015 US$) 11.15 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1982 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 222.69 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 11.15 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 298.43 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 335,357 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 8.62 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5233 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Rwanda?
- Gross savings in Rwanda was 23.3% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Rwanda?
- The highest recorded value was 26.2% in 2022.
- What is the lowest gross savings recorded in Rwanda?
- The lowest recorded value was 10.2% in 2015.
- How does Rwanda rank for gross savings?
- Rwanda ranks 85th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Rwanda?
- Over the last ten years it is up 90.3%. The long-run trend across the full record is rising.
- Where does this Rwanda 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.