Guinea-Bissau's adjusted savings, gross savings (% of GNI) was 13.34% in 2020, the latest year in the World Bank's World Development Indicators. That is up 16.24 percentage points from -2.91% in 2010.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 13.34% | 2020 |
| Five years earlier | 9.85% | 2015 |
| Ten years earlier | -2.91% | 2010 |
| Highest | 15.55% | 1988 |
| Lowest | -15.32% | 1982 |
| Average since 2011 | 9% | 2011–2020 |
| First recorded | -15.32% | 1982 |
What the numbers say
In 2020, Guinea-Bissau's adjusted savings, gross savings (% of GNI) rose 2.02 percentage points on 2019 (from 11.31% to 13.34%).
Across the 30 yearly changes before that (1986 to 2019), the average change was +1.27 percentage points and a typical year strayed about 7.41 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 26.51 percentage points in 1986 and the biggest yearly fall was 10.94 percentage points in 1991. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2011 to 2020 the straight-line trend is upward, about 0.84 percentage points a year. A straight line explains 34% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2020, Guinea-Bissau had the 19th highest value of the 20 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Guinea-Bissau in the 2020 ranking
- Antigua and Barbuda — 15th of 20: 14.55%
- Marshall Islands — 16th of 20: 14.42%
- Niger — 17th of 20: 13.65%
- Sierra Leone — 19th of 20: 0.32%
- Libya — 20th of 20: -14.16%
What this measures
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.
Limitations: Because gross savings is calculated as a residual it includes errors, which may not be offsetting, in its components.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 36 values
| Year | Adjusted savings, gross savings (% of GNI) |
|---|---|
| 2020 | 13.34 |
| 2019 | 11.31 |
| 2018 | 13.9 |
| 2017 | 8.4 |
| 2016 | 7.56 |
| 2015 | 9.85 |
| 2014 | 11.59 |
| 2013 | 1.07 |
| 2012 | 2.17 |
| 2011 | 10.8 |
| 2010 |
Adjusted savings, gross savings (% of GNI) in nearby economies
- Angola — 43.66% (2021)
- Benin — 21.54% (2020)
- Botswana — 23.11% (2021)
- Burkina Faso — 17.8% (2019)
- Burundi — 5.53% (2018)
- Cabo Verde — 33.01% (2021)
- Cameroon — 14.41% (2021)
- Comoros — 13.92% (2021)
- Congo, Dem. Rep. — 25.53% (2021)
- Congo, Rep. — 19.15% (2020)
More economic policy & debt data for Guinea-Bissau
- Net bilateral aid flows from DAC donors, Total (current US$) — US$61.31 million (2023)
- Net official development assistance and official aid received (current US$) — US$188.91 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$188.91 million (2023)
- Net official development assistance received (current US$) — US$188.91 million (2023)
- Net official development assistance received (constant 2023 US$) — US$188.91 million (2023)
- Net ODA received per capita (current US$) — US$87.73 (2023)
- General government final consumption expenditure (current US$) — US$391.44 million (2025)
- General government final consumption expenditure (current LCU)
Reading data like this
Questions people ask
- What is Guinea-Bissau's adjusted savings, gross savings (% of GNI)?
- 13.34% in 2020, according to the World Bank (World Development Indicators).
- How has it changed since 1982?
- It is up 28.65 percentage points from -15.32% in 1982. The highest value was 15.55% in 1988 and the lowest -15.32% in 1982.
- How does Guinea-Bissau rank?
- 19th highest of 20 economies with data for 2020.
- Is the latest change in adjusted savings, gross savings (% of GNI) unusual for Guinea-Bissau?
- In 2020, Guinea-Bissau's adjusted savings, gross savings (% of GNI) rose 2.02 percentage points on 2019 (from 11.31% to 13.34%). Across the 30 yearly changes before that (1986 to 2019), the average change was +1.27 percentage points and a typical year strayed about 7.41 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.ADJ.ICTR.GN.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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