Gross Savings (As % of GNI) fell to 21.4% in Ghana in 2017

Gross Savings (As % of GNI) (%)
Economy | Ghana | May 17, 2019
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Gross savings as a percentage of GNI reached 25.2 % in 2016 in Ghana, according to the National Statistical Office. This is 17.4 % more than in the previous year.

Historically, gross savings as a percentage of GNI in Ghana reached an all time high of 25.2 % in 2016 and an all time low of 3.97 % in 2011. When compared to Ghana's main peers, gross savings as a percentage of GNI in Benin amounted to 12.7 %, 19.3 % in Ivory Coast and 12.7 % in Togo in 2016.

Ghana has been ranked 53rd within the group of 156 countries we follow in terms of gross savings as a percentage of GNI, 57 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 GNI) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Benin % 13.0% 13.8% 16.8% 18.7% 15.5%
Burkina Faso % 22.0% 23.8% 19.9% 18.3% 15.8%
Ghana % 3.97% 5.45% 17.8% 21.4% 24.1%
Guinea % -1.60% 1.57% -8.73% -3.79% -8.97%
Ivory Coast % 14.0% 15.6% 18.6% 21.8% 20.3%
Liberia % -19.9% -22.5% -32.8% -42.7% -33.9%
Mali % 14.8% 15.3% 15.4% 15.9% 15.8%
Niger % 16.2% 21.9% 21.7% 22.0% 18.5%
Nigeria % 25.4% 33.5% 19.0% 21.8% 16.2%
Togo % 19.6% 16.9% 16.8% 14.4% 15.9%