Gross national savings — all countries

Gross national savings — Gambia

Gross national savings in the Gambia in 2024 — 25.9%. Ranked 50 in the world out of 146. Since 1978, the indicator has risen by 22.1 pp.

2024 25.9% +6.9 pp vs 2023
World rank 50of 146
Period maximum 42.3%1987
Period minimum -3.3%1996

Trend over time

1978–2024 · % of GDP

Gross national savings — Gambia, 1978–2024-20020406019781983198819931998200320082013201820231978: 3.8%1979: 11.4%1980: 16.4%1981: 24.3%1982: 19.9%1983: 10%1984: 12.1%1985: 22.9%1986: 29.4%1987: 42.3%1988: 30.1%1989: 17.5%1990: 21.9%1991: 8.8%1992: 11.7%1993: -0.2%1994: -2.3%1995: 9.5%1996: -3.3%1997: 7.5%2003: 9.8%2004: 6%2005: 3.6%2006: 11.7%2007: 9.3%2008: 0.3%2009: 5.3%2010: -0.4%2011: 6.3%2012: 15.7%2013: 5.6%2014: 11.4%2015: 18.9%2016: 19.9%2017: 18.7%2018: 15.7%2019: 18%2020: 26.9%2021: 24%2022: 21.5%2023: 19%2024: 25.9%
Change over the period: +22.1 pp Annual average: 0.48 pp

Comparison, 2024

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

Gambia 25.9%
World 26.1%
Sub-Saharan Africa computed 17.6%
Western Africa computed 15.7%
Gross national savings — Gambia, by year Gambia All countries CSV XLSX
Year % Change, pp
2024 25.9 +6.9 pp
2023 19 −2.4 pp
2022 21.5 −2.5 pp
2021 24 −2.9 pp
2020 26.9 +8.9 pp
2019 18 +2.3 pp
2018 15.7 −3 pp
2017 18.7 −1.2 pp
2016 19.9 +1 pp
2015 18.9 +7.5 pp
2014 11.4 +5.8 pp
2013 5.6 −10.1 pp
2012 15.7 +9.4 pp
2011 6.3 +6.6 pp
2010 -0.4 −5.7 pp
2009 5.3 +5 pp
2008 0.3 −8.9 pp
2007 9.3 −2.5 pp
2006 11.7 +8.2 pp
2005 3.6 −2.5 pp
2004 6 −3.7 pp
2003 9.8
1997 7.5 +10.9 pp
1996 -3.3 −12.8 pp
1995 9.5 +11.8 pp
1994 -2.3 −2.2 pp
1993 -0.2 −11.9 pp
1992 11.7 +3 pp
1991 8.8 −13.1 pp
1990 21.9 +4.4 pp
1989 17.5 −12.7 pp
1988 30.1 −12.2 pp
1987 42.3 +12.9 pp
1986 29.4 +6.5 pp
1985 22.9 +10.7 pp
1984 12.1 +2.1 pp
1983 10 −9.8 pp
1982 19.9 −4.4 pp
1981 24.3 +7.9 pp
1980 16.4 +5 pp
1979 11.4 +7.6 pp
1978 3.8

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.