Gross Savings (As % of GDP) rose to 7.54% in Central African Republic in 2019

Gross Savings (As % of GDP) (%)
Economy | Central African Republic | January 1, 2020
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Gross savings as a share of GDP reached 7.54 % in 2019 in Central African Republic, according to the National Statistical Office. This is 18.4 % more than in the previous year.

Historically, gross savings as a share of GDP in Central African Republic reached an all time high of 10.6 % in 1999 and an all time low of 0.010 % in 1982. When compared to Central African Republic's main peers, gross savings as a share of GDP in Cameroon amounted to 26.6 %, 20.3 % in Chad, 11.5 % in Sudan and 12.6 % in Dem. Republic of the Congo in 2019.

Central African Republic has been ranked 154th within the group of 163 countries we follow in terms of gross savings as a share of GDP, 138 places behind 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 % 0.264% 24.3% 24.2% 26.7% 27.6%
Cameroon % 0.182% 25.9% 26.6% 27.3% 28.0%
Central African Republic % 5.41% 6.37% 7.54% 8.43% 9.28%
Chad % 15.5% 19.4% 20.3% 19.7% 19.9%
Congo % 19.5% 34.5% 37.8% 33.4% 29.4%
Dem. Republic of the Congo % 0.188% 12.4% 12.6% 12.0% 12.1%
Egypt % 0.104% 12.9% 14.4% 16.0% 17.4%
Ethiopia % 0.327% 33.2% 33.1% 31.3% 31.5%
Gabon % 25.6% 28.8% 30.6% 32.6% 32.5%
Niger % 0.202% 21.7% 21.9% 21.5% 21.7%
Nigeria % 0.183% 15.7% 14.8% 14.7% 14.7%
South Sudan % 3.63% 0.465% 10.5% 3.93% 13.6%
Sudan % 0.131% 10.1% 11.5% 7.35% 8.52%
Zambia % 38.3% 40.4% 38.7% 38.1% 35.8%