Gross national savings — all countries

Gross national savings — Rwanda

Gross national savings in Rwanda in 2024 — 22.8%. Ranked 70 in the world out of 146. Since 2010, the indicator has risen by 9.3 pp.

2024 22.8% −0.3 pp vs 2023
World rank 70of 146
Period maximum 25.8%2022
Period minimum 10%2015

Trend over time

2010–2024 · % of GDP

Gross national savings — Rwanda, 2010–202451015202530201020122014201620182020202220242010: 13.5%2011: 17.4%2012: 13.9%2013: 16.7%2014: 12%2015: 10%2016: 10.7%2017: 14.5%2018: 16.5%2019: 19.2%2020: 15.2%2021: 20%2022: 25.8%2023: 23.1%2024: 22.8%
Change over the period: +9.3 pp Annual average: 0.66 pp

Comparison, 2024

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

Rwanda 22.8%
World 26.1%
Sub-Saharan Africa computed 17.6%
Eastern Africa computed 20.5%
Gross national savings — Rwanda, by year Rwanda All countries CSV XLSX
Year % Change, pp
2024 22.8 −0.3 pp
2023 23.1 −2.7 pp
2022 25.8 +5.8 pp
2021 20 +4.8 pp
2020 15.2 −4 pp
2019 19.2 +2.7 pp
2018 16.5 +2 pp
2017 14.5 +3.9 pp
2016 10.7 +0.7 pp
2015 10 −2 pp
2014 12 −4.8 pp
2013 16.7 +2.8 pp
2012 13.9 −3.5 pp
2011 17.4 +3.9 pp
2010 13.5

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.