Heavily indebted poor countries (HIPC): Gross savings (% of GDP)

Key figures

What the numbers say

In 2024, Heavily indebted poor countries (HIPC)'s gross savings (% of GDP) fell 0.48 percentage points on 2023 (from 18.81% to 18.33%).

Across the 18 yearly changes before that (2006 to 2023), the average change was +0.08 percentage points and a typical year strayed about 1.23 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations below 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 2.93 percentage points in 2014 and the biggest yearly fall was 1.51 percentage points in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is downward, about 0.16 percentage points a year. A straight line explains 33% 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

See how every economy compares in the full ranking.

What this measures

Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 20 values

Gross savings (% of GDP) in nearby economies

• Algeria — 38.83% (2025)
• Bahrain — 33.41% (2024)
• Djibouti — 14.86% (2024)
• Egypt, Arab Rep. — 8.13% (2025)
• Iraq — 32.01% (2024)
• Israel — 25.75% (2025)
• Kuwait — 44.13% (2024)
• Lebanon — -12.55% (2023)
• Libya — 25.86% (2023)
• Malta — 25.89% (2024)
• Morocco — 29.38% (2025)
• Oman — 27.72% (2024)

More economic policy & debt data for Heavily indebted poor countries (HIPC)

• GDP (current US$) — US$1.29 trillion (2025)
• GDP (constant 2015 US$) — US$1.01 trillion (2025)
• GDP per capita (current US$) — US$1,332 (2025)
• GDP per capita (constant 2015 US$) — US$1,048 (2025)
• GNI (current US$) — US$1.24 trillion (2025)
• GDP (annual % growth) — 5.83% (2025)
• GDP per capita (annual % growth) — 3.1% (2025)
• GNI, Atlas method (current US$) — US$1.19 trillion (2025)
• GNI per capita, Atlas method (current US$)

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Questions people ask

What is Heavily indebted poor countries (HIPC)'s gross savings (% of GDP)?

18.33% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2005?

It is up 1.02 percentage points from 17.31% in 2005. The highest value was 20.8% in 2014 and the lowest 15.59% in 2009.

Is the latest change in gross savings (% of GDP) unusual for Heavily indebted poor countries (HIPC)?

In 2024, Heavily indebted poor countries (HIPC)'s gross savings (% of GDP) fell 0.48 percentage points on 2023 (from 18.81% to 18.33%). Across the 18 yearly changes before that (2006 to 2023), the average change was +0.08 percentage points and a typical year strayed about 1.23 percentage points from that (the standard deviation). This year's change was 0.5 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

Source

World Bank, World Development Indicators, indicator NY.GNS.ICTR.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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