Nigeria - 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

Statistical Concept and Methodology: Gross savings represent the difference between disposable income and consumption and replace gross domestic savings, a concept used by the World Bank and included in World Development Indicators editions before 2006. The change was made to conform to SNA concepts and definitions.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts