Eritrea Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
Eritrea's gross savings was 17.99% in 2019, ranked 129th globally. This represents a 2.4% decrease from 2018. Data from World Bank, covering 1992–2019.
Overview
Eritrea's gross savings stood at 17.99% in 2019, a decline of +0.45% from 2018. Eritrea ranked 129th globally.
Eritrea’s gross savings rate has fallen dramatically from an all‑time peak of 68.48 percent in 1992 to a low of –4.02 percent in 2001, before stabilising at a modest 17.99 percent in 2019, ranking 129th globally. The sharp decline in the 1990s reflects a period of fiscal stress and limited private sector development, while the negative trough in 2001 indicates that investment outflows exceeded domestic savings for the first time. Over the subsequent two decades, the savings rate has recovered gradually, hovering near the levels of comparable low‑income economies such as Gambia (17.95 percent) and Togo (17.80 percent). Despite the rebound, the current figure remains far below the early‑1990s peak, suggesting that structural constraints on capital formation persist. Continued improvements in fiscal balance, foreign direct investment inflows, and reforms that enhance household and corporate savings could reverse the long‑term downward trajectory and raise the savings rate further.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2019 | 17.99% | −0.45% | #129 |
| 2018 | 18.44% | −14.97% | #120 |
| 2017 | 33.41% | +13.05% | #23 |
| 2016 | 20.36% | −12.32% | #105 |
| 2015 | 32.68% | +7.60% | #24 |
| 2014 | 25.07% | +11.94% | #64 |
| 2013 | 13.13% | −9.53% | #143 |
| 2012 | 22.67% | −2.98% | #79 |
| 2011 | 25.64% | +18.89% | #60 |
| 2010 | 6.75% | +5.55% | #167 |
| 2009 | 1.21% | −9.31% | #174 |
| 2008 | 10.52% | +2.54% | #154 |
| 2007 | 7.98% | −4.62% | #167 |
| 2006 | 12.60% | −13.39% | #151 |
| 2005 | 25.99% | +14.68% | #63 |
Detected Pattern
Analysis
Eritrea matched the Export Boom Cycle pattern in 2019. Historically, 71% of countries showing this pattern (546 out of 768) saw gross savings improve within 24 months. View full analysis →
Frequently Asked Questions
Eritrea's gross savings was 17.99% in 2019. Ranked 129th globally. This represents a 2.4% decrease from the previous year.
Eritrea's gross savings peaked at 68.48% in 1992.
The lowest gross savings in Eritrea was -4.02% in 2001.
Eritrea ranks 129th globally in gross savings as of 2019.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
The gross savings of Eritrea in 2019 was 17.99%. This ranks 129th in the world.
Cite this page
@misc{historysaid_eritrea_gross-savings,
title = {Eritrea Gross Savings},
url = {https://historysaid.com/eritrea/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}