Nigeria Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
Nigeria's gross savings was 23.30% in 2025, ranked 70th globally. This represents a 1.3% decrease from 2024. Data from World Bank, covering 1990–2025.
Overview
Nigeria's gross savings stood at 23.30% in 2025, a decline of +0.31% from 2024. The IMF projects 23.30% by 2025. Nigeria ranked 70th globally.
Nigeria’s gross savings ratio has risen steadily over the 36‑year series, moving from 16.19 in 1990 to a recent 23.30 in 2025, which places the country 70th in the world. The upward trajectory accelerated after the all‑time trough of 8.98 in 2015, reaching a new peak of 23.61 in 2024 before a modest dip to the 2025 level. This pattern mirrors the experience of other emerging economies such as Malaysia, whose 2025 savings ratio of 23.43 sits close to Nigeria’s, suggesting that higher domestic resource mobilization is becoming a common feature among resource‑rich, growth‑oriented states. The post‑trough surge reflects improved fiscal balances, rising commodity revenues and modest reforms aimed at deepening financial intermediation. Continued progress will depend on sustaining current policy momentum, expanding the tax base and mitigating external shocks; without these, the modest decline from the 2024 peak could signal a reversal of the recent savings gains.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 17.89% | - | - |
| 2029* IMF | 18.54% | - | - |
| 2028* IMF | 19.08% | - | - |
| 2027* IMF | 19.69% | - | - |
| 2026* IMF | 22.09% | - | - |
| 2025* IMF | 23.30% | - | - |
| 2025 | 23.30% | −0.31% | #70 |
| 2024 | 23.61% | +4.74% | #82 |
| 2023 | 18.87% | +0.23% | #119 |
| 2022 | 18.64% | −0.06% | #121 |
| 2021 | 18.70% | +0.31% | #122 |
| 2020 | 18.39% | +0.05% | #119 |
| 2019 | 18.34% | +2.95% | #124 |
| 2018 | 15.39% | +1.72% | #141 |
| 2017 | 13.67% | +1.66% | #156 |
| 2016 | 12.01% | +3.02% | #158 |
| 2015 | 8.98% | −2.49% | #169 |
| 2014 | 11.48% | −1.93% | #154 |
| 2013 | 13.41% | −0.16% | #142 |
| 2012 | 13.57% | −0.24% | #138 |
| 2011 | 13.81% | −1.35% | #142 |
Detected Pattern
Analysis
Nigeria matched the Export Boom Cycle pattern in 2024. Historically, 71% of countries showing this pattern (546 out of 768) saw gross savings improve within 24 months. View full analysis →
Frequently Asked Questions
Nigeria's gross savings was 23.30% in 2025. Ranked 70th globally. This represents a 1.3% decrease from the previous year.
Nigeria's gross savings peaked at 23.61% in 2024.
The lowest gross savings in Nigeria was 8.98% in 2015.
Nigeria ranks 70th globally in gross savings as of 2025.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
Nigeria's gross savings is projected to reach 23.30% by 2025 based on IMF projection.
The gross savings of Nigeria in 2025 was 23.30%. This ranks 70th in the world.
Cite this page
@misc{historysaid_nigeria_gross-savings,
title = {Nigeria Gross Savings},
url = {https://historysaid.com/nigeria/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}