South Africa - Gross savings (% of GDP)

Gross savings (% of GDP) in South Africa was 14.65 as of 2020. Its highest value over the past 60 years was 32.36 in 1980, while its lowest value was 13.47 in 2019.

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
1960 24.49
1961 24.92
1962 25.83
1963 28.11
1964 26.76
1965 27.32
1966 27.67
1967 29.72
1968 28.07
1969 27.88
1970 25.73
1971 24.26
1972 25.63
1973 29.81
1974 31.92
1975 26.25
1976 25.33
1977 25.76
1978 26.80
1979 28.55
1980 32.36
1981 27.90
1982 24.41
1983 23.49
1984 22.09
1985 22.30
1986 21.16
1987 19.62
1988 19.61
1989 20.31
1990 16.12
1991 16.48
1992 15.95
1993 15.82
1994 15.37
1995 16.72
1996 15.67
1997 14.87
1998 14.77
1999 14.41
2000 15.11
2001 14.76
2002 17.95
2003 18.39
2004 16.98
2005 17.70
2006 18.11
2007 17.01
2008 16.32
2009 17.38
2010 17.14
2011 16.10
2012 13.50
2013 13.84
2014 13.68
2015 14.29
2016 14.29
2017 14.24
2018 13.57
2019 13.47
2020 14.65

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