Gross savings in Seychelles
Seychelles: Gross savings was 2.6% in 2024. ◆ Volatile
Gross savings in Seychelles, 1976–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
Seychelles recorded 2.6% for gross savings in 2024.
That represents a change of down 64.3% on the previous year and down 69.1% over ten years.
Over the whole period, gross savings in Seychelles peaked at 49.3% in 1978 and was at its lowest, -12.1%, in 2021.
Seychelles ranks 170th of 177 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Seychelles, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1976 | 30.5% | — |
| 1977 | 46.4% | +52.1% |
| 1978 | 49.3% | +6.2% |
| 1979 | 28.1% | -43.0% |
| 1980 | 34.3% | +21.9% |
| 1981 | 24.0% | -30.1% |
| 1982 | 12.9% | -46.0% |
| 1983 | 19.0% | +46.8% |
| 1984 | 32.0% | +68.6% |
| 1985 | 34.6% | +8.0% |
| 1986 | 33.9% | -2.1% |
| 1987 | 37.3% | +10.1% |
| 1988 | 37.6% | +0.9% |
| 1989 | 31.2% | -17.1% |
| 1990 | 24.4% | -21.7% |
| 1991 | 22.4% | -8.4% |
| 1992 | 21.4% | -4.2% |
| 1993 | 21.8% | +1.8% |
| 1994 | 26.5% | +21.4% |
| 1995 | 23.1% | -12.7% |
| 1996 | 30.9% | +33.8% |
| 1997 | 22.1% | -28.4% |
| 1998 | 19.4% | -12.6% |
| 1999 | 25.7% | +32.7% |
| 2000 | 21.3% | -17.0% |
| 2001 | 20.0% | -6.1% |
| 2002 | 22.6% | +13.0% |
| 2003 | 20.7% | -8.3% |
| 2004 | 28.4% | +36.9% |
| 2005 | 30.7% | +8.0% |
| 2006 | 23.7% | -22.7% |
| 2007 | 20.1% | -15.3% |
| 2008 | 7.0% | -64.9% |
| 2009 | 12.0% | +69.8% |
| 2010 | 17.5% | +46.6% |
| 2011 | 15.4% | -12.3% |
| 2012 | 23.7% | +53.9% |
| 2013 | 28.1% | +18.7% |
| 2014 | 8.5% | -69.8% |
| 2015 | 12.6% | +48.7% |
| 2016 | 7.9% | -37.0% |
| 2017 | 7.8% | -2.3% |
| 2018 | 5.7% | -26.9% |
| 2019 | 9.4% | +66.3% |
| 2020 | -3.7% | -139.3% |
| 2021 | -12.1% | +225.3% |
| 2022 | 5.1% | -142.0% |
| 2023 | 7.3% | +44.8% |
| 2024 | 2.6% | -64.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 38.6% | 28.1% | 49.3% | 4 |
| 1980s | 29.7% | 12.9% | 37.6% | 10 |
| 1990s | 23.8% | 19.4% | 30.9% | 10 |
| 2000s | 20.7% | 7.0% | 30.7% | 10 |
| 2010s | 13.7% | 5.7% | 28.1% | 10 |
| 2020s | -0.1% | -12.1% | 7.3% | 5 |
Countries ranked near Seychelles
More economy & growth data for Seychelles
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.15 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3.59 Percent per annum (2029)
- Industry (including construction), value added (constant 2015 US$) 12.99 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1212 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 2,357 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 12.99 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 1.76 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 34,156 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 5.57 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6793 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Seychelles?
- Gross savings in Seychelles was 2.6% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Seychelles?
- The highest recorded value was 49.3% in 1978.
- What is the lowest gross savings recorded in Seychelles?
- The lowest recorded value was -12.1% in 2021.
- How does Seychelles rank for gross savings?
- Seychelles ranks 170th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Seychelles?
- Over the last ten years it is down 69.1%. The long-run trend across the full record is volatile.
- Where does this Seychelles 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.