Gross national savings — all countries

Gross national savings — Zambia

Gross national savings in Zambia in 2024 — 32.2%. Ranked 25 in the world out of 146. Since 2010, the indicator has risen by 0.7 pp.

2024 32.2% −2.3 pp vs 2023
World rank 25of 146
Period maximum 46.1%2021
Period minimum 31.4%2010

Trend over time

2010–2024 · % of GDP

Gross national savings — Zambia, 2010–20243035404550201020122014201620182020202220242010: 31.4%2011: 36%2012: 41%2013: 37.9%2014: 39.5%2015: 37.7%2016: 37.4%2017: 43.3%2018: 41.9%2019: 39.8%2020: 44.9%2021: 46.1%2022: 45.4%2023: 34.5%2024: 32.2%
Change over the period: +0.7 pp Annual average: 0.05 pp

Comparison, 2024

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

Zambia 32.2%
World 26.1%
Sub-Saharan Africa computed 17.6%
Eastern Africa computed 20.5%
Gross national savings — Zambia, by year Zambia All countries CSV XLSX
Year % Change, pp
2024 32.2 −2.3 pp
2023 34.5 −10.9 pp
2022 45.4 −0.7 pp
2021 46.1 +1.2 pp
2020 44.9 +5.1 pp
2019 39.8 −2.1 pp
2018 41.9 −1.4 pp
2017 43.3 +5.9 pp
2016 37.4 −0.4 pp
2015 37.7 −1.8 pp
2014 39.5 +1.6 pp
2013 37.9 −3.1 pp
2012 41 +4.9 pp
2011 36 +4.6 pp
2010 31.4

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.