South Africa: Savings, percent of GDP

* indicates monthly or quarterly data series
 South Africa

Savings as percent of GDP

 Latest value 13.63
 Year 2023
 Measure percent
 Data availability 1960 - 2023
 Average 20.63
 Min - Max 13.22 - 32.26
 Source The World Bank
The latest value from 2023 is 13.63 percent, a decline from 14.87 percent in 2022. In comparison, the world average is 23.44 percent, based on data from 96 countries. Historically, the average for South Africa from 1960 to 2023 is 20.63 percent. The minimum value, 13.22 percent, was reached in 2019 while the maximum of 32.26 percent was recorded in 1974. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
South Africa - Savings, percent of GDP - Recent values chart

Historical series
South Africa - Savings, percent of GDP - historical chart - 1960-2023




The savings in South Africa 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 24.62 2023 percent
 Share of manufacturing 12.96 2023 percent
 Share of services 62.61 2023 percent
 Industry value added 93.73 2023 billion U.S. dollars
 Manufacturing value added 49.35 2023 billion U.S. dollars
 Services value added 238.36 2023 billion U.S. dollars
 Savings, percent of GDP 13.63 2023 percent
 Savings, in dollars 54.56 2023 billion U.S. dollars
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