Gross national savings — all countries

Gross national savings — Burkina Faso

Gross national savings in Burkina Faso in 2024 — 15.9%. Ranked 109 in the world out of 146. Since 2005, the indicator has risen by 10 pp.

2024 15.9% +2.2 pp vs 2023
World rank 109of 146
Period maximum 20.6%2020
Period minimum 5.9%2005

Trend over time

2005–2024 · % of GDP

Gross national savings — Burkina Faso, 2005–20240102030200520072009201120132015201720192021202320242005: 5.9%2006: 6.3%2007: 10.2%2008: 9.6%2009: 11.5%2010: 15.8%2011: 17.5%2012: 18.1%2013: 14.4%2014: 13.4%2015: 11.9%2016: 13.5%2017: 14.8%2018: 17.1%2019: 16.8%2020: 20.6%2021: 15.9%2022: 9.6%2023: 13.7%2024: 15.9%
Change over the period: +10 pp Annual average: 0.53 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Burkina Faso

Burkina Faso 15.9%
World 26.1%
Sub-Saharan Africa computed 17.6%
Western Africa computed 15.7%
Gross national savings — Burkina Faso, by year Burkina Faso All countries CSV XLSX
Year % Change, pp
2024 15.9 +2.2 pp
2023 13.7 +4.1 pp
2022 9.6 −6.3 pp
2021 15.9 −4.7 pp
2020 20.6 +3.7 pp
2019 16.8 −0.3 pp
2018 17.1 +2.3 pp
2017 14.8 +1.3 pp
2016 13.5 +1.6 pp
2015 11.9 −1.5 pp
2014 13.4 −1 pp
2013 14.4 −3.7 pp
2012 18.1 +0.6 pp
2011 17.5 +1.7 pp
2010 15.8 +4.3 pp
2009 11.5 +1.9 pp
2008 9.6 −0.6 pp
2007 10.2 +3.9 pp
2006 6.3 +0.5 pp
2005 5.9

About the indicator

Gross national savings as a percent of GDP — what is left of national income after all consumption, private and public. Savings and capital formation differ by the balance of external transactions: a country that saves more than it invests at home exports capital, and one that invests more than it saves imports it. Hence the stable link with the current account balance, which is exactly what this indicator makes visible.

Important: The difference between savings and capital formation is approximately equal to the current account balance — that is an identity of the national accounts, not a coincidence.

Source: World Development Indicators (World Bank), license CC BY 4.0.