Gambia: Savings, percent of GDP
* indicates monthly or quarterly data series
| Gambia |
Savings as percent of GDP |
|---|---|
| Latest value | 29.17 |
| Year | 2024 |
| Measure | percent |
| Data availability | 1978 - 2024 |
| Average | 14.27 |
| Min - Max | -3.31 - 42.30 |
| Source | The World Bank |
The latest value from 2024 is 29.17 percent, an increase from 28.33 percent in 2023. In comparison, the world average is 22.88 percent, based on data from 84 countries. Historically, the average for the Gambia from 1978 to 2024 is 14.27 percent. The minimum value, -3.31 percent, was reached in 1996 while the maximum of 42.3 percent was recorded in 1987.
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* indicates monthly or quarterly data series
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The savings in the Gambia and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Share of industry | 14.69 | 2024 | percent |
| Share of manufacturing | 1.51 | 2023 | percent |
| Share of services | 53.94 | 2024 | percent |
| Industry value added | 0.37 | 2024 | billion U.S. dollars |
| Manufacturing value added | 0.04 | 2023 | billion U.S. dollars |
| Services value added | 1.35 | 2024 | billion U.S. dollars |
| Savings, percent of GDP | 29.17 | 2024 | percent |
| Savings, in dollars | 0.73 | 2024 | billion U.S. dollars |