Gross savings in Sri Lanka
Sri Lanka: Gross savings was 28.3% in 2024. ▲ Rising
Gross savings in Sri Lanka, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
In 2024, gross savings in Sri Lanka stood at 28.3%.
The figure is up 5.5% on the previous year and down 13.7% over ten years.
Over the whole period, gross savings in Sri Lanka peaked at 38.2% in 2017 and was at its lowest, 3.4%, in 1976.
Sri Lanka ranks 55th of 178 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 45 years of available data.
Gross savings in Sri Lanka, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1975 | 8.5% | — |
| 1976 | 3.4% | -59.7% |
| 1977 | 6.0% | +74.9% |
| 1978 | 12.2% | +103.9% |
| 1979 | 22.7% | +86.4% |
| 1980 | 25.5% | +12.1% |
| 1981 | 26.9% | +5.7% |
| 1982 | 28.0% | +4.0% |
| 1983 | 26.8% | -4.2% |
| 1984 | 24.9% | -7.4% |
| 1985 | 23.8% | -4.2% |
| 1986 | 23.8% | -0.1% |
| 1987 | 24.3% | +2.0% |
| 1988 | 24.8% | +2.0% |
| 1989 | 23.8% | -4.1% |
| 1990 | 23.9% | +0.5% |
| 1991 | 23.8% | -0.3% |
| 1992 | 24.5% | +2.9% |
| 1993 | 25.6% | +4.5% |
| 1994 | 24.5% | -4.2% |
| 1995 | 21.1% | -14.0% |
| 1996 | 21.9% | +3.8% |
| 1997 | 22.5% | +2.5% |
| 1998 | 23.0% | +2.5% |
| 1999 | 23.8% | +3.4% |
| 2000 | 22.4% | -5.7% |
| 2001 | 23.4% | +4.2% |
| 2002 | 21.6% | -7.4% |
| 2003 | 21.9% | +1.0% |
| 2004 | 22.3% | +2.2% |
| 2005 | 24.5% | +9.5% |
| 2006 | 23.0% | -6.0% |
| 2007 | 23.9% | +3.8% |
| 2008 | 18.5% | -22.7% |
| 2009 | 24.2% | +31.1% |
| 2015 | 32.8% | +35.6% |
| 2016 | 35.3% | +7.7% |
| 2017 | 38.2% | +8.1% |
| 2018 | 36.0% | -5.7% |
| 2019 | 32.9% | -8.6% |
| 2020 | 32.2% | -2.2% |
| 2021 | 33.8% | +4.8% |
| 2022 | 26.5% | -21.4% |
| 2023 | 26.8% | +1.2% |
| 2024 | 28.3% | +5.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.6% | 3.4% | 22.7% | 5 |
| 1980s | 25.2% | 23.8% | 28.0% | 10 |
| 1990s | 23.5% | 21.1% | 25.6% | 10 |
| 2000s | 22.6% | 18.5% | 24.5% | 10 |
| 2010s | 35.1% | 32.8% | 38.2% | 5 |
| 2020s | 29.5% | 26.5% | 33.8% | 5 |
Countries ranked near Sri Lanka
- 52 Mongolia 28.9% compare
- 53 Russian Federation 28.8% compare
- 54 Saudi Arabia 28.7% compare
- 56 Ecuador 27.9% compare
- 57 Faroe Islands 27.3% compare
- 58 Venezuela, Bolivarian Republic of 26.9% compare
More economy & growth data for Sri Lanka
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP -8.07 Percent per annum (2022)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP -7.82 Percent per annum (2022)
- Manufacturing, value added (current US$), per unit of GDP 0.1712 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 856.15 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 51.51 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 257,658 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.1469 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 734.8 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 99,888 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 9.06 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Sri Lanka?
- Gross savings in Sri Lanka was 28.3% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Sri Lanka?
- The highest recorded value was 38.2% in 2017.
- What is the lowest gross savings recorded in Sri Lanka?
- The lowest recorded value was 3.4% in 1976.
- How does Sri Lanka rank for gross savings?
- Sri Lanka ranks 55th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Sri Lanka?
- Over the last ten years it is down 13.7%. The long-run trend across the full record is rising.
- Where does this Sri Lanka 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.