Rwanda: Gross savings (% of GNI)

Key figures

What the numbers say

In 2024, Rwanda's gross savings (% of GNI) fell 0.21 percentage points on 2023 (from 23.51% to 23.3%).

Across the 13 yearly changes before that (2011 to 2023), the average change was +0.76 percentage points and a typical year strayed about 3.76 percentage points from that (the standard deviation). This year's change was 0.3 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 5.92 percentage points in 2022 and the biggest yearly fall was 4.76 percentage points in 2014. 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 upward, about 1.62 percentage points a year. A straight line explains 83% 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 2024, Rwanda had the 20th highest value of the 48 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 Rwanda in the 2024 ranking

• Malta — 16th of 48: 29.57%
• Oman — 17th of 48: 29.41%
• Bhutan — 18th of 48: 24.33%
• Belize — 20th of 48: 21.19%
• Eswatini — 21st of 48: 20.83%
• Bahamas, The — 22nd of 48: 20.01%

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 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.

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

All 15 values

Gross savings (% of GNI) in nearby economies

• Angola — 16.96% (2024)
• Benin — 30.55% (2023)
• Botswana — 29.3% (2025)
• Burkina Faso — 16.88% (2024)
• Burundi — 43.16% (2025)
• Cabo Verde — 21.42% (2025)
• Cameroon — 15.87% (2024)
• Comoros — 11.99% (2023)
• Congo, Dem. Rep. — 29.79% (2025)
• Congo, Rep. — 35.62% (2021)
• Côte d'Ivoire — 17.94% (2024)
• Eswatini

More economic policy & debt data for Rwanda

• General government final consumption expenditure (current US$) — US$2.47 billion (2025)
• General government final consumption expenditure (current LCU) — 3.52 trillion (2025)
• General government final consumption expenditure (constant 2015 US$) — US$2.46 billion (2025)
• General government final consumption expenditure (constant LCU) — 3.28 trillion (2025)
• General government final consumption expenditure (% of GDP) — 15.06% (2025)
• Households and NPISHs final consumption expenditure (current US$) — US$10.54 billion (2025)
• Households and NPISHs final consumption expenditure (current LCU) — 15.06 trillion (2025)
• Households and NPISHs final consumption expenditure (constant 2015 US$)

Reading data like this

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Questions people ask

What is Rwanda's gross savings (% of GNI)?

23.3% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 2010?

It is up 9.68 percentage points from 13.62% in 2010. The highest value was 26.23% in 2022 and the lowest 10.18% in 2015.

How does Rwanda rank?

20th highest of 48 economies with data for 2024.

Is the latest change in gross savings (% of GNI) unusual for Rwanda?

In 2024, Rwanda's gross savings (% of GNI) fell 0.21 percentage points on 2023 (from 23.51% to 23.3%). Across the 13 yearly changes before that (2011 to 2023), the average change was +0.76 percentage points and a typical year strayed about 3.76 percentage points from that (the standard deviation). This year's change was 0.3 standard deviations below 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.GNS.ICTR.GN.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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