Zambia's gross savings (% of GDP) was 32.16% in 2024, the latest year in the World Bank's World Development Indicators. That is down 7.36 percentage points from 39.52% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 32.16% | 2024 |
| Five years earlier | 39.83% | 2019 |
| Ten years earlier | 39.52% | 2014 |
| Highest | 46.1% | 2021 |
| Lowest | 31.43% | 2010 |
| Average since 2015 | 40.32% | 2015–2024 |
| First recorded | 31.43% | 2010 |
What the numbers say
In 2024, Zambia's gross savings (% of GDP) fell 2.31 percentage points on 2023 (from 34.46% to 32.16%).
Across the 13 yearly changes before that (2011 to 2023), the average change was +0.23 percentage points and a typical year strayed about 4.56 percentage points from that (the standard deviation). This year's change was 0.6 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 5.94 percentage points in 2017 and the biggest yearly fall was 10.95 percentage points in 2023. 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 there is no clear straight-line trend: a straight line explains 3% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Zambia had the 12th 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.
| Value | Year | |
|---|---|---|
| Zambia | 32.16% | 2024 |
| World | 26.05% | 2024 |
| Lower middle income | 28.16% | 2025 |
Closest to Zambia in the 2024 ranking
- Mauritania — 8th of 48: 34.43%
- Bahrain — 9th of 48: 33.41%
- Panama — 10th of 48: 33%
- Japan — 12th of 48: 32.06%
- Iraq — 13th of 48: 32.01%
- Kazakhstan — 14th of 48: 28.99%
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 15 values
| Year | Gross savings (% of GDP) |
|---|---|
| 2024 | 32.16 |
| 2023 | 34.46 |
| 2022 | 45.41 |
| 2021 | 46.1 |
| 2020 | 44.95 |
| 2019 | 39.83 |
| 2018 | 41.89 |
| 2017 | 43.3 |
| 2016 | 37.36 |
| 2015 | 37.72 |
| 2014 |
Gross savings (% of GDP) in nearby economies
- Angola — 15.88% (2024)
- Benin — 30.27% (2023)
- Botswana — 28.25% (2025)
- Burkina Faso — 15.89% (2024)
- Burundi — 43.06% (2025)
- Cabo Verde — 21.14% (2025)
- Cameroon — 15.54% (2024)
- Comoros — 12.05% (2023)
- Congo, Dem. Rep. — 28.69% (2025)
- Congo, Rep. — 31.66% (2021)
- Côte d'Ivoire — 17.15% (2024)
- Eswatini
More economic policy & debt data for Zambia
- Agriculture, forestry, and fishing, value added (current US$) — US$1.19 billion (2025)
- Agriculture, forestry, and fishing, value added (current LCU) — 29.79 billion (2025)
- Agriculture, forestry, and fishing, value added (% of GDP) — 4.11% (2025)
- Manufacturing, value added (current US$) — US$2.53 billion (2025)
- Manufacturing, value added (current LCU) — 63.49 billion (2025)
- Manufacturing, value added (% of GDP) — 8.75% (2025)
- Industry, including construction, value added (current US$) — US$10.2 billion (2025)
- Industry, including construction, value added (current LCU) — 256.39 billion (2025)
- Industry, including construction, value added (% of GDP)
Reading data like this
Questions people ask
- What is Zambia's gross savings (% of GDP)?
- 32.16% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is up 0.72 percentage points from 31.43% in 2010. The highest value was 46.1% in 2021 and the lowest 31.43% in 2010.
- How does Zambia rank?
- 12th highest of 48 economies with data for 2024.
- Is the latest change in gross savings (% of GDP) unusual for Zambia?
- In 2024, Zambia's gross savings (% of GDP) fell 2.31 percentage points on 2023 (from 34.46% to 32.16%). Across the 13 yearly changes before that (2011 to 2023), the average change was +0.23 percentage points and a typical year strayed about 4.56 percentage points from that (the standard deviation). This year's change was 0.6 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.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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