Gross Savings (As % of GNI) rose to 16.2% in Namibia in 2017

Gross Savings (As % of GNI) (%)
Economy | Namibia | May 17, 2019
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Gross savings as a percentage of GNI reached 10.1 % in 2016 in Namibia, according to the National Statistical Office. This is 37.3 % less than in the previous year.

Historically, gross savings as a percentage of GNI in Namibia reached an all time high of 37.1 % in 1990 and an all time low of 10.1 % in 2016. When compared to Namibia's main peers, gross savings as a percentage of GNI in Angola amounted to 25.8 %, 39.7 % in Botswana, 16.8 % in South Africa and -1.33 % in Zimbabwe in 2016.

Namibia has been ranked 139th within the group of 156 countries we follow in terms of gross savings as a percentage of GNI, 110 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 GNI) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Angola % 41.5% 40.5% 34.5% 31.9% 26.4%
Botswana % 43.9% 43.8% 39.5% 42.6% 38.0%
Dem. Republic of the Congo % 20.2% 8.63% 13.7% 16.8% 14.4%
Lesotho % 15.8% 18.4% 19.4% 21.8% 25.1% ...
Mozambique % 10.5% 8.00% 9.37% 11.0% 9.15%
Namibia % 14.7% 19.1% 19.9% 22.1% 15.2%
South Africa % 18.0% 15.5% 15.8% 16.1% 17.0%
Swaziland % 8.13% 18.0% 22.5% 23.1% 23.1%
Zambia % ... 32.3% 36.3% 34.4% 33.1% 34.6% ...
Zimbabwe % -2.87% -16.1% -5.48% -3.35% -9.11%