Gross Savings (As % of GDP) fell to 24.3% in Angola in 2018

Gross Savings (As % of GDP) (%)
Economy | Angola | February 01, 2019
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Gross savings as a share of GDP reached 24.3 % in 2018 in Angola, according to the National Statistical Office. This is 15.1 % less than in the previous year.

Historically, gross savings as a share of GDP in Angola reached an all time high of 28.6 % in 2017 and an all time low of -0.251 % in 1992. When compared to Angola's main peers, gross savings as a share of GDP in Botswana amounted to 37.1 %, 16.3 % in Namibia, 40.4 % in Zambia and 12.4 % in Dem. Republic of the Congo in 2018.

Angola has been ranked 62nd within the group of 163 countries we follow in terms of gross savings as a share of GDP, 11 places above the position seen 10 years ago.

Gross savings are calculated as gross national income less total consumption, plus net transfers.

Gross Savings (As % of GDP) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Angola % 28.6% 24.3% 24.2% 26.7% 27.6%
Botswana % 40.3% 37.1% 37.7% 38.2% 38.9%
Central African Republic % 5.41% 6.37% 7.54% 8.43% 9.28%
Congo % 19.5% 34.5% 37.8% 33.4% 29.4%
Dem. Republic of the Congo % 11.5% 12.4% 12.6% 12.0% 12.1%
Namibia % 0.159% 16.3% 15.4% 17.3% 17.9%
South Africa % 0.158% 14.9% 14.5% 14.6% 14.6%
Tanzania % 25.0% 26.1% 25.7% 26.1% 26.2%
Zambia % 38.3% 40.4% 38.7% 38.1% 35.8%
Zimbabwe % 23.3% 20.9% 19.9% 18.6% 17.4%