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Nigeria - Gross Savings 2021

Name: Nigeria Gross Savings 2021
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Gross savings as % of GDP · World Bank

18.70% +0.31% from 2020 Global rank: 122nd

Nigeria's gross savings was 18.70% in 2021, increased +0.31% from 18.39% in 2020. This was the 122nd highest globally.

Global Ranking - 2021▾

Gross Savings by Country - 2021
Rank	Country	Value	YoY
1st	South Sudan	60.98%	1,309.5%
2nd	Qatar	51.45%	23.1%
3rd	Brunei Darussalam	49.73%	-2.3%
4th	Iran, Islamic Republic of	46.68%	-3.1%
5th	Zambia	45.14%	2.5%
6th	China	44.68%	1.7%
7th	Singapore	44.18%	9.6%
8th	Zimbabwe	42.87%	-2.6%
9th	Timor-Leste	42.72%	107.5%
10th	Bermuda	41.97%	6.8%
11th	Iraq	40.51%	262.8%
12th	Tajikistan	40.43%	92.0%
13th	Kuwait	39.65%	72.3%
14th	United Arab Emirates	38.45%	24.5%
15th	Algeria	38.29%	15.4%
16th	San Marino	38.16%	21.3%
17th	Norway	38.02%	17.2%
18th	Tanzania	37.05%	2.4%
19th	Gabon	36.96%	25.1%
20th	Korea	36.68%	2.2%
21st	Vanuatu	36.09%	9.4%
22nd	Bangladesh	36.05%	14.7%
23rd	Cambodia	35.37%	16.4%
24th	Ireland	34.95%	-1.6%
25th	Mauritania	34.94%	-9.8%
26th	Equatorial Guinea	34.58%	23.3%
27th	Bahrain	34.46%	22.0%
28th	Türkiye	33.72%	12.0%
29th	Switzerland	33.71%	11.6%
30th	Suriname	33.66%	-10.2%
31st	Sri Lanka	33.00%	4.9%
32nd	Indonesia	32.94%	3.2%
33rd	Viet Nam	32.60%	-10.1%
34th	Chad	32.55%	7.5%
35th	Azerbaijan	32.53%	47.7%
36th	Denmark	32.50%	8.4%
37th	Netherlands	32.44%	19.9%
38th	Botswana	32.06%	20.7%
39th	Congo, Republic of	31.66%	-12.8%
40th	Congo, Democratic Republic of	31.57%	233.4%
41st	Sweden	31.09%	3.5%
42nd	Nepal	30.91%	5.0%
43rd	Saudi Arabia	30.47%	52.3%
44th	Macao SAR, China	30.05%	-23.9%
45th	India	29.87%	0.2%
46th	Russian Federation	29.81%	15.4%
47th	Belarus	29.66%	9.2%
48th	Japan	29.65%	5.2%
49th	Germany	29.51%	5.2%
50th	Austria	29.47%	1.6%
51st	Burundi	29.35%	234.5%
52nd	Myanmar	29.18%	-5.8%
53rd	North Macedonia	29.10%	7.8%
54th	Israel	28.88%	0.7%
55th	Samoa	28.85%	-14.3%
56th	Libya	28.83%	7,330.7%
57th	Panama	28.73%	18.9%
58th	Hong Kong SAR, China	28.61%	10.2%
59th	Czechia	28.53%	7.7%
60th	Antigua and Barbuda	28.41%	26.6%
61st	Morocco	28.37%	3.3%
62nd	Uzbekistan	27.69%	-3.2%
63rd	Thailand	27.46%	-1.7%
64th	Estonia	27.27%	0.5%
65th	Kosovo	27.22%	2.4%
66th	Dominican Republic	27.08%	16.8%
67th	Tonga	26.80%	28.9%
68th	Malta	26.79%	-25.9%
69th	St. Kitts and Nevis	26.65%	39.1%
70th	Hungary	26.60%	-0.4%
71st	Belgium	26.31%	5.4%
72nd	European Union	26.10%	7.5%
73rd	Malaysia	26.01%	9.2%
74th	Senegal	26.00%	2.7%
75th	Angola	25.69%	-31.0%
76th	Slovenia	25.37%	-9.2%
77th	Australia	25.20%	3.7%
78th	Finland	25.12%	-1.0%
79th	Kazakhstan	24.50%	9.6%
80th	Kiribati	24.23%	-47.4%
81st	Gambia, The	24.02%	62.2%
82nd	Italy	24.01%	10.8%
83rd	Bhutan	23.96%	-14.1%
84th	Ecuador	23.60%	19.9%
85th	France	23.45%	13.0%
86th	Lithuania	23.33%	-2.3%
87th	Canada	23.30%	12.8%
88th	Paraguay	22.90%	4.4%
89th	Eswatini	22.89%	8.5%
90th	Benin	22.84%	-4.4%
91st	Spain	22.64%	5.7%
92nd	Croatia	22.58%	1.6%
93rd	Belize	22.39%	12.2%
94th	Oman	22.38%	106.2%
95th	Trinidad and Tobago	22.01%	39.3%
96th	Mexico	21.67%	-4.2%
97th	Latvia	21.65%	-14.0%
98th	Serbia	21.48%	6.5%
99th	Togo	21.18%	0.5%
100th	Albania	21.02%	26.8%
101st	Guinea-Bissau	20.56%	37.2%
102nd	Bulgaria	20.47%	-0.5%
103rd	Poland	20.47%	-3.7%
104th	Lesotho	20.44%	-20.2%
105th	Bosnia and Herzegovina	20.39%	3.3%
106th	Luxembourg	20.37%	-10.8%
107th	Mongolia	20.29%	17.2%
108th	Philippines	20.20%	-2.1%
109th	Peru	20.19%	-0.8%
110th	Uganda	20.18%	37.1%
111th	Portugal	19.82%	8.2%
112th	Nicaragua	19.77%	-17.9%
113th	Armenia	19.69%	25.7%
114th	Argentina	19.41%	28.5%
115th	El Salvador	19.32%	5.5%
116th	Jamaica	19.25%	3.7%
117th	Romania	19.19%	0.3%
118th	Côte d'Ivoire	19.05%	7.3%
119th	Guatemala	18.93%	2.0%
120th	Solomon Islands	18.91%	18.5%
121st	Iceland	18.72%	-18.3%
122nd	Nigeria	18.70%	1.7%
123rd	New Zealand	18.41%	-13.0%
124th	Kyrgyz Republic	18.37%	-16.3%
125th	Slovak Republic	18.29%	-7.3%
126th	Honduras	18.27%	-18.8%
127th	United Kingdom	18.14%	24.0%
128th	United States	18.03%	-1.1%
129th	Jordan	17.69%	36.3%
130th	Bolivia, Plurinational State of	17.59%	41.0%
131st	Cabo Verde	17.57%	-1.1%
132nd	Brazil	17.22%	19.3%
133rd	Mali	17.22%	13.6%
134th	Niger	16.99%	-5.6%
135th	Chile	16.66%	-12.9%
136th	Maldives	16.58%	3,667.8%
137th	South Africa	16.57%	15.7%
138th	Kenya	16.54%	3.4%
139th	West Bank and Gaza	16.27%	33.7%
140th	Rwanda	16.23%	39.1%
141st	Montenegro	16.19%	328.5%
142nd	Burkina Faso	15.88%	-25.3%
143rd	Uruguay	15.86%	1.7%
144th	Grenada	15.74%	-3.5%
145th	Ghana	15.60%	-6.8%
146th	São Tomé and Principe	14.99%	108.5%
147th	Costa Rica	14.53%	-3.9%
148th	Moldova	14.43%	-10.8%
149th	Cyprus	14.16%	29.3%
150th	Cameroon	13.94%	3.2%
151st	Egypt, Arab Republic of	13.89%	-12.6%
152nd	Pakistan	13.82%	3.6%
153rd	Colombia	13.73%	-12.5%
154th	Haiti	13.68%	-24.2%
155th	Comoros	13.56%	-15.8%
156th	Afghanistan	12.93%	-58.3%
157th	Mozambique	12.59%	-31.2%
158th	Ukraine	12.56%	2.6%
159th	Madagascar	12.48%	1.1%
160th	Mauritius	12.14%	4.9%
161st	Guinea	11.56%	920.1%
162nd	Marshall Islands	11.46%	-24.2%
163rd	St. Lucia	11.34%	112.4%
164th	Georgia	10.42%	-14.4%
165th	Greece	9.93%	57.9%
166th	St. Vincent and the Grenadines	9.82%	-20.8%
167th	Sierra Leone	9.45%	-0.5%
168th	Bahamas, The	9.38%	20,483.8%
169th	Djibouti	9.19%	-19.4%
170th	Tunisia	9.04%	33.4%
171st	Aruba	8.94%	8.2%
172nd	Sudan	6.72%	202.2%
173rd	Barbados	6.51%	-43.1%
174th	Central African Republic	4.86%	-54.0%
175th	Namibia	4.48%	-73.9%
176th	Dominica	1.74%	113.5%
177th	Malawi	1.31%	120.8%
178th	Palau	-4.70%	23.2%
179th	Lebanon	-6.60%	-290.1%
180th	Yemen, Republic of	-8.29%	17.9%
181st	Seychelles	-11.09%	-220.3%
182nd	Guyana	-16.36%	-97.4%

FAQ

What was Nigeria's gross savings in 2021?▾

Nigeria's gross savings in 2021 was 18.70%. This ranked 122nd globally.

How did Nigeria's gross savings change in 2021?▾

Nigeria's gross savings increased by 1.7% in 2021 compared to 2020.

Which country had the highest gross savings in 2021?▾

South Sudan had the highest gross savings in 2021 at 60.98%.

What is the gross savings of Nigeria in 2021?▾

The gross savings of Nigeria in 2021 was 18.70%. This ranked 122nd globally.

How does 2021 compare to 2020 for Nigeria's gross savings?▾

Nigeria's gross savings went from 18.39% in 2020 to 18.70% in 2021, a 1.7% increase.

HistorySaid - pattern alert

Nigeria matched the Fiscal Dominance Trap pattern in 2021. Historically: 386 occurrences, 278 successful (72%). Outcome 24 months later: 24.7%. View full analysis →

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