Gross national savings — all countries

Gross national savings — Seychelles

Gross national savings in the Seychelles in 2024 — 2.5%. Ranked 142 in the world out of 146. Since 1976, the indicator has fallen by 26.7 pp.

2024 2.5% −4.5 pp vs 2023
World rank 142of 146
Period maximum 46.1%1978
Period minimum -11.5%2021

Trend over time

1976–2024 · % of GDP

Gross national savings — Seychelles, 1976–2024-200204060197619811986199119962001200620112016202120241976: 29.2%1977: 43.7%1978: 46.1%1979: 26.2%1980: 33.1%1981: 23.6%1982: 12.6%1983: 18.4%1984: 30.8%1985: 33.4%1986: 32.6%1987: 35.3%1988: 35.4%1989: 29.7%1990: 23.6%1991: 21.7%1992: 21%1993: 21.3%1994: 26.3%1995: 22.3%1996: 30.1%1997: 21.7%1998: 18.7%1999: 24.7%2000: 20.3%2001: 19.5%2002: 20.5%2003: 19.6%2004: 28.7%2005: 31%2006: 23.9%2007: 18.7%2008: 6.5%2009: 11.2%2010: 16.6%2011: 14.3%2012: 23.6%2013: 26.3%2014: 7.9%2015: 11.9%2016: 7.4%2017: 7.2%2018: 5.4%2019: 9.1%2020: -3.6%2021: -11.5%2022: 4.9%2023: 7.1%2024: 2.5%
Change over the period: −26.7 pp Annual average: -0.56 pp

Comparison, 2024

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

Seychelles 2.5%
World 26.1%
Sub-Saharan Africa computed 17.6%
Eastern Africa computed 20.5%
Gross national savings — Seychelles, by year Seychelles All countries CSV XLSX
Year % Change, pp
2024 2.5 −4.5 pp
2023 7.1 +2.2 pp
2022 4.9 +16.4 pp
2021 -11.5 −7.9 pp
2020 -3.6 −12.6 pp
2019 9.1 +3.7 pp
2018 5.4 −1.8 pp
2017 7.2 −0.2 pp
2016 7.4 −4.5 pp
2015 11.9 +3.9 pp
2014 7.9 −18.4 pp
2013 26.3 +2.8 pp
2012 23.6 +9.3 pp
2011 14.3 −2.3 pp
2010 16.6 +5.4 pp
2009 11.2 +4.7 pp
2008 6.5 −12.3 pp
2007 18.7 −5.2 pp
2006 23.9 −7 pp
2005 31 +2.3 pp
2004 28.7 +9.2 pp
2003 19.6 −1 pp
2002 20.5 +1.1 pp
2001 19.5 −0.8 pp
2000 20.3 −4.4 pp
1999 24.7 +6 pp
1998 18.7 −3 pp
1997 21.7 −8.4 pp
1996 30.1 +7.8 pp
1995 22.3 −4 pp
1994 26.3 +5 pp
1993 21.3 +0.4 pp
1992 21 −0.8 pp
1991 21.7 −1.8 pp
1990 23.6 −6.2 pp
1989 29.7 −5.7 pp
1988 35.4 +0.1 pp
1987 35.3 +2.7 pp
1986 32.6 −0.9 pp
1985 33.4 +2.6 pp
1984 30.8 +12.4 pp
1983 18.4 +5.8 pp
1982 12.6 −11 pp
1981 23.6 −9.5 pp
1980 33.1 +7 pp
1979 26.2 −20 pp
1978 46.1 +2.5 pp
1977 43.7 +14.4 pp
1976 29.2

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.