Nigeria - Gross savings
Adjusted savings: gross savings (% of GNI)
Adjusted savings: gross savings (% of GNI) in Nigeria was 24.02 as of 2019. Its highest value over the past 38 years was 87.93 in 1981, while its lowest value was 16.19 in 2016.
Definition: Gross savings are the difference between gross national income and public and private consumption, plus net current transfers.
Source: World Bank national accounts data files.
See also:
| Year | Value |
|---|---|
| 1981 | 87.93 |
| 1982 | 85.13 |
| 1983 | 76.20 |
| 1984 | 61.41 |
| 1985 | 49.13 |
| 1986 | 54.89 |
| 1987 | 54.05 |
| 1988 | 48.49 |
| 1989 | 67.56 |
| 1990 | 62.36 |
| 1991 | 59.36 |
| 1992 | 52.12 |
| 1993 | 49.57 |
| 1994 | 43.68 |
| 1995 | 43.75 |
| 1996 | 40.39 |
| 1997 | 43.05 |
| 1998 | 35.08 |
| 1999 | 47.42 |
| 2000 | 55.57 |
| 2001 | 36.06 |
| 2002 | 31.10 |
| 2003 | 29.40 |
| 2004 | 32.50 |
| 2005 | 39.19 |
| 2006 | 50.90 |
| 2007 | 28.02 |
| 2008 | 33.50 |
| 2009 | 26.20 |
| 2010 | 25.73 |
| 2011 | 26.72 |
| 2012 | 34.83 |
| 2013 | 20.29 |
| 2014 | 23.24 |
| 2015 | 17.46 |
| 2016 | 16.19 |
| 2017 | 18.84 |
| 2018 | 20.19 |
| 2019 | 24.02 |
Gross savings (current US$)
The latest value for Gross savings (current US$) in Nigeria was $98,876,370,000 as of 2020. Over the past 39 years, the value for this indicator has fluctuated between $151,031,000,000 in 2012 and $12,592,440,000 in 1993.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1981 | $143,251,000,000 |
| 1982 | $120,626,000,000 |
| 1983 | $73,473,490,000 |
| 1984 | $44,641,940,000 |
| 1985 | $35,732,090,000 |
| 1986 | $29,301,350,000 |
| 1987 | $27,178,710,000 |
| 1988 | $23,826,240,000 |
| 1989 | $28,317,990,000 |
| 1990 | $31,894,390,000 |
| 1991 | $27,699,040,000 |
| 1992 | $23,374,250,000 |
| 1993 | $12,592,440,000 |
| 1994 | $13,749,450,000 |
| 1995 | $18,306,820,000 |
| 1996 | $19,730,140,000 |
| 1997 | $22,481,920,000 |
| 1998 | $18,165,270,000 |
| 1999 | $27,455,480,000 |
| 2000 | $35,176,110,000 |
| 2001 | $25,215,830,000 |
| 2002 | $27,772,530,000 |
| 2003 | $28,594,330,000 |
| 2004 | $41,124,280,000 |
| 2005 | $63,781,050,000 |
| 2006 | $117,823,000,000 |
| 2007 | $73,898,300,000 |
| 2008 | $108,465,000,000 |
| 2009 | $73,239,500,000 |
| 2010 | $88,017,810,000 |
| 2011 | $102,187,000,000 |
| 2012 | $151,031,000,000 |
| 2013 | $98,103,330,000 |
| 2014 | $122,795,000,000 |
| 2015 | $82,767,220,000 |
| 2016 | $64,120,260,000 |
| 2017 | $68,630,420,000 |
| 2018 | $76,509,160,000 |
| 2019 | $100,578,000,000 |
| 2020 | $98,876,370,000 |
Gross savings (current LCU)
The value for Gross savings (current LCU) in Nigeria was 35,281,400,000,000 as of 2020. As the graph below shows, over the past 39 years this indicator reached a maximum value of 35,281,400,000,000 in 2020 and a minimum value of 91,009,620,000 in 1985.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1981 | 121,334,000,000 |
| 1982 | 125,934,000,000 |
| 1983 | 120,129,000,000 |
| 1984 | 100,757,000,000 |
| 1985 | 91,009,620,000 |
| 1986 | 105,924,000,000 |
| 1987 | 126,245,000,000 |
| 1988 | 151,463,000,000 |
| 1989 | 266,982,000,000 |
| 1990 | 291,961,000,000 |
| 1991 | 332,749,000,000 |
| 1992 | 443,096,000,000 |
| 1993 | 570,438,000,000 |
| 1994 | 718,821,000,000 |
| 1995 | 1,288,070,000,000 |
| 1996 | 1,578,410,000,000 |
| 1997 | 1,824,180,000,000 |
| 1998 | 1,598,540,000,000 |
| 1999 | 2,535,190,000,000 |
| 2000 | 3,577,320,000,000 |
| 2001 | 2,804,790,000,000 |
| 2002 | 3,348,760,000,000 |
| 2003 | 3,695,030,000,000 |
| 2004 | 5,464,920,000,000 |
| 2005 | 8,372,810,000,000 |
| 2006 | 15,158,100,000,000 |
| 2007 | 9,297,000,000,000 |
| 2008 | 12,765,700,000,000 |
| 2009 | 10,789,800,000,000 |
| 2010 | 13,298,600,000,000 |
| 2011 | 15,930,000,000,000 |
| 2012 | 23,989,700,000,000 |
| 2013 | 15,623,100,000,000 |
| 2014 | 20,246,700,000,000 |
| 2015 | 16,182,300,000,000 |
| 2016 | 16,254,000,000,000 |
| 2017 | 20,986,400,000,000 |
| 2018 | 24,865,500,000,000 |
| 2019 | 32,687,800,000,000 |
| 2020 | 35,281,400,000,000 |
Gross savings (% of GNI)
Gross savings (% of GNI) in Nigeria was 23.74 as of 2020. Its highest value over the past 39 years was 87.93 in 1981, while its lowest value was 16.19 in 2016.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1981 | 87.93 |
| 1982 | 85.13 |
| 1983 | 76.20 |
| 1984 | 61.41 |
| 1985 | 49.13 |
| 1986 | 54.89 |
| 1987 | 54.05 |
| 1988 | 48.49 |
| 1989 | 67.56 |
| 1990 | 62.36 |
| 1991 | 59.36 |
| 1992 | 52.12 |
| 1993 | 49.57 |
| 1994 | 43.68 |
| 1995 | 43.75 |
| 1996 | 40.39 |
| 1997 | 43.05 |
| 1998 | 35.08 |
| 1999 | 47.42 |
| 2000 | 55.57 |
| 2001 | 36.06 |
| 2002 | 31.10 |
| 2003 | 29.40 |
| 2004 | 32.50 |
| 2005 | 39.19 |
| 2006 | 50.90 |
| 2007 | 28.02 |
| 2008 | 33.46 |
| 2009 | 26.13 |
| 2010 | 25.73 |
| 2011 | 26.72 |
| 2012 | 34.83 |
| 2013 | 20.29 |
| 2014 | 23.24 |
| 2015 | 17.46 |
| 2016 | 16.19 |
| 2017 | 18.84 |
| 2018 | 20.19 |
| 2019 | 23.20 |
| 2020 | 23.74 |
Gross savings (% of GDP)
Gross savings (% of GDP) in Nigeria was 22.87 as of 2020. Its highest value over the past 39 years was 87.10 in 1981, while its lowest value was 15.85 in 2016.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1981 | 87.10 |
| 1982 | 84.49 |
| 1983 | 75.67 |
| 1984 | 60.75 |
| 1985 | 48.45 |
| 1986 | 53.46 |
| 1987 | 51.60 |
| 1988 | 47.99 |
| 1989 | 64.35 |
| 1990 | 59.02 |
| 1991 | 56.39 |
| 1992 | 48.91 |
| 1993 | 45.37 |
| 1994 | 40.64 |
| 1995 | 41.55 |
| 1996 | 38.63 |
| 1997 | 41.28 |
| 1998 | 33.27 |
| 1999 | 46.24 |
| 2000 | 50.65 |
| 2001 | 34.06 |
| 2002 | 29.12 |
| 2003 | 27.26 |
| 2004 | 30.15 |
| 2005 | 36.21 |
| 2006 | 49.90 |
| 2007 | 26.81 |
| 2008 | 31.95 |
| 2009 | 24.83 |
| 2010 | 24.35 |
| 2011 | 25.23 |
| 2012 | 33.16 |
| 2013 | 19.29 |
| 2014 | 22.46 |
| 2015 | 17.00 |
| 2016 | 15.85 |
| 2017 | 18.27 |
| 2018 | 19.26 |
| 2019 | 22.44 |
| 2020 | 22.87 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
