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