Savings, percent of GDP - Country rankings
* indicates monthly or quarterly data series
Savings as percent of GDP, 2023:
The average for 2023 based on 42 countries was 18.98 percent. The highest value was in Algeria: 40.77 percent and the lowest value was in Malawi: -1.03 percent. The indicator is available from 1960 to 2025. Below is a chart for all countries where data are available.Measure: percent; Source: The World Bank
Select indicator
* indicates monthly or quarterly data series
| Countries | Savings, percent of GDP, 2023 | Global rank | Available data |
|---|---|---|---|
| Algeria | 40.77 | 1 | 1977 - 2024 |
| Tanzania | 36.15 | 2 | 1990 - 2024 |
| Zambia | 34.46 | 3 | 2010 - 2024 |
| Botswana | 33.27 | 4 | 1975 - 2024 |
| Mauritania | 32.06 | 5 | 1975 - 2024 |
| DR Congo | 31.66 | 6 | 2005 - 2025 |
| Burundi | 30.84 | 7 | 1985 - 2025 |
| Benin | 30.27 | 8 | 1974 - 2023 |
| Morocco | 28.02 | 9 | 1975 - 2025 |
| Libya | 25.86 | 10 | 1990 - 2023 |
| Swaziland | 24.27 | 11 | 2013 - 2024 |
| Rwanda | 23.07 | 12 | 2010 - 2024 |
| Senegal | 22.94 | 13 | 1974 - 2023 |
| Lesotho | 21.08 | 14 | 1975 - 2025 |
| Cape Verde | 20.81 | 15 | 2007 - 2025 |
| Mauritius | 20.73 | 16 | 1976 - 2024 |
| Uganda | 20.54 | 17 | 1982 - 2024 |
| Ethiopia | 20.1 | 18 | 2011 - 2024 |
| Gambia | 19.05 | 19 | 1978 - 2024 |
| G.-Bissau | 18.33 | 20 | 1982 - 2024 |
| Niger | 17.38 | 21 | 1974 - 2024 |
| Ivory Coast | 16.51 | 22 | 2005 - 2024 |
| Angola | 16.11 | 23 | 2002 - 2024 |
| Kenya | 15.96 | 24 | 1975 - 2024 |
| Madagascar | 15.51 | 25 | 1974 - 2024 |
| Cameroon | 14.94 | 26 | 1977 - 2024 |
| Mali | 14.92 | 27 | 1975 - 2024 |
| Egypt | 14.79 | 28 | 1977 - 2025 |
| Djibouti | 14.77 | 29 | 2013 - 2024 |
| South Africa | 14.72 | 30 | 1960 - 2025 |
| S.T.&Principe | 14.29 | 31 | 2008 - 2024 |
| Burkina Faso | 13.73 | 32 | 2005 - 2024 |
| Zimbabwe | 12.07 | 33 | 1977 - 2024 |
| Comoros | 12.05 | 34 | 1980 - 2023 |
| Sierra Leone | 11.57 | 35 | 1977 - 2024 |
| Namibia | 11.55 | 36 | 1990 - 2024 |
| Guinea | 9.29 | 37 | 1986 - 2024 |
| Ghana | 9.23 | 38 | 1975 - 2024 |
| Seychelles | 7.08 | 39 | 1976 - 2024 |
| Tunisia | 4.88 | 40 | 1976 - 2024 |
| Mozambique | 2.67 | 41 | 2005 - 2024 |
| Malawi | -1.03 | 42 | 2017 - 2024 |
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
Selected articles from our guide:
Are trade deficits bad for the economy?
Sources of economic growth
Currency values and investment returns
How to write an economics research paper
All articles
40.77
36.15
34.46
33.27
32.06
31.66
30.84
30.27
28.02
25.86
24.27
23.07
22.94
21.08
20.81
20.73
20.54
20.10
19.05
18.33
17.38
16.51
16.11
15.96
15.51
14.94
14.92
14.79
14.77
14.72
14.29
13.73
12.07
12.05
11.57
11.55
9.29
9.23
7.08
4.88
2.67
-1.03
-1.03
9.4
19.9
30.3
40.77
Savings, percent of GDP around the world Savings, percent of GDP in Europe Savings, percent of GDP in Asia Savings, percent of GDP in North America Savings, percent of GDP in South America Savings, percent of GDP in Australia/Oceania Savings, percent of GDP in the European union Savings, percent of GDP in Sub Sahara Africa Savings, percent of GDP in MENA Savings, percent of GDP in South East Asia Savings, percent of GDP in Latin America