Gross national savings — all countries

Gross national savings — Sierra Leone

Gross national savings in Sierra Leone in 2024 — 19.2%. Ranked 91 in the world out of 146. Since 1977, the indicator has risen by 8.2 pp.

2024 19.2% +7.6 pp vs 2023
World rank 91of 146
Period maximum 34%2010
Period minimum -9.5%2000

Trend over time

1977–2024 · % of GDP

Gross national savings — Sierra Leone, 1977–2024-200204019771982198719921997200220072012201720221977: 11%1978: 19%1979: 16.8%1980: 2.9%1981: 3.8%1982: 5.2%1983: 3.8%1984: 11.2%1985: -0.7%1986: 7.8%1987: 15.6%1988: 15.6%1989: 10.2%1990: 4%1991: 6.7%1992: -2.9%1993: 0%1994: 5.2%1995: -3.3%1996: 2%1997: -3.4%1998: 2.5%1999: 0.7%2000: -9.5%2001: -3.9%2002: -1.4%2003: -1.1%2004: -5.1%2005: -0.9%2006: 12.8%2007: 6.5%2008: 7.4%2009: 12.1%2010: 34%2011: 14.9%2012: 17.5%2013: -4.9%2014: 16.4%2015: 9.1%2016: 13.5%2017: 14.1%2018: 3.2%2019: 3.9%2020: 10.6%2021: 9.5%2022: 9.3%2023: 11.6%2024: 19.2%
Change over the period: +8.2 pp Annual average: 0.17 pp

Comparison, 2024

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

Sierra Leone 19.2%
World 26.1%
Sub-Saharan Africa computed 17.6%
Western Africa computed 15.7%
Gross national savings — Sierra Leone, by year Sierra Leone All countries CSV XLSX
Year % Change, pp
2024 19.2 +7.6 pp
2023 11.6 +2.3 pp
2022 9.3 −0.2 pp
2021 9.5 −1.1 pp
2020 10.6 +6.7 pp
2019 3.9 +0.7 pp
2018 3.2 −10.9 pp
2017 14.1 +0.6 pp
2016 13.5 +4.4 pp
2015 9.1 −7.3 pp
2014 16.4 +21.3 pp
2013 -4.9 −22.4 pp
2012 17.5 +2.6 pp
2011 14.9 −19.1 pp
2010 34 +21.9 pp
2009 12.1 +4.6 pp
2008 7.4 +1 pp
2007 6.5 −6.3 pp
2006 12.8 +13.7 pp
2005 -0.9 +4.3 pp
2004 -5.1 −4 pp
2003 -1.1 +0.3 pp
2002 -1.4 +2.4 pp
2001 -3.9 +5.6 pp
2000 -9.5 −10.2 pp
1999 0.7 −1.8 pp
1998 2.5 +5.9 pp
1997 -3.4 −5.4 pp
1996 2 +5.3 pp
1995 -3.3 −8.5 pp
1994 5.2 +5.2 pp
1993 0 +2.8 pp
1992 -2.9 −9.5 pp
1991 6.7 +2.7 pp
1990 4 −6.1 pp
1989 10.2 −5.5 pp
1988 15.6 +0.1 pp
1987 15.6 +7.8 pp
1986 7.8 +8.5 pp
1985 -0.7 −11.9 pp
1984 11.2 +7.4 pp
1983 3.8 −1.4 pp
1982 5.2 +1.5 pp
1981 3.8 +0.8 pp
1980 2.9 −13.9 pp
1979 16.8 −2.2 pp
1978 19 +8.1 pp
1977 11

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.