Gross national savings — all countries

Gross national savings — Guinea-Bissau

Gross national savings in Guinea-Bissau in 2024 — 19.1%. Ranked 93 in the world out of 146. Since 1982, the indicator has risen by 29.3 pp.

2024 19.1% +0.7 pp vs 2023
World rank 93of 146
Period maximum 23.6%2020
Period minimum -25%1985

Trend over time

1982–2024 · % of GDP

Gross national savings — Guinea-Bissau, 1982–2024-40-20020401982198719921997200220072012201720221982: -10.3%1983: -7.3%1984: -2.8%1985: -25%1986: -1%1987: 7.5%1988: 7%1989: 0.9%1990: 5.5%1991: 1.1%1992: 2.2%1993: 4.9%1994: 3.3%1995: 2.5%1996: 3.6%1997: -2.1%2001: -5.3%2002: 11.9%2003: 18.9%2004: 13.5%2005: 6.2%2006: -0.2%2007: 8.9%2008: 4.5%2009: 6.8%2010: 7.4%2011: 9.6%2012: 5.2%2013: 8.1%2014: 17.6%2015: 16.8%2016: 15.8%2017: 19.4%2018: 16.1%2019: 14.5%2020: 23.6%2021: 20.5%2022: 13.8%2023: 18.3%2024: 19.1%
Change over the period: +29.3 pp Annual average: 0.7 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Guinea-Bissau

Guinea-Bissau 19.1%
World 26.1%
Sub-Saharan Africa computed 17.6%
Western Africa computed 15.7%
Gross national savings — Guinea-Bissau, by year Guinea-Bissau All countries CSV XLSX
Year % Change, pp
2024 19.1 +0.7 pp
2023 18.3 +4.6 pp
2022 13.8 −6.7 pp
2021 20.5 −3.1 pp
2020 23.6 +9.1 pp
2019 14.5 −1.6 pp
2018 16.1 −3.3 pp
2017 19.4 +3.6 pp
2016 15.8 −0.9 pp
2015 16.8 −0.8 pp
2014 17.6 +9.5 pp
2013 8.1 +2.9 pp
2012 5.2 −4.4 pp
2011 9.6 +2.2 pp
2010 7.4 +0.6 pp
2009 6.8 +2.3 pp
2008 4.5 −4.4 pp
2007 8.9 +9.1 pp
2006 -0.2 −6.4 pp
2005 6.2 −7.3 pp
2004 13.5 −5.4 pp
2003 18.9 +7 pp
2002 11.9 +17.2 pp
2001 -5.3
1997 -2.1 −5.7 pp
1996 3.6 +1.1 pp
1995 2.5 −0.8 pp
1994 3.3 −1.7 pp
1993 4.9 +2.7 pp
1992 2.2 +1.1 pp
1991 1.1 −4.4 pp
1990 5.5 +4.6 pp
1989 0.9 −6.1 pp
1988 7 −0.5 pp
1987 7.5 +8.6 pp
1986 -1 +23.9 pp
1985 -25 −22.2 pp
1984 -2.8 +4.5 pp
1983 -7.3 +3 pp
1982 -10.3

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.