Senegal Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
Senegal's gross savings was 22.97% in 2025, ranked 73rd globally. This represents a 9.7% decrease from 2024. Data from World Bank, covering 1974–2025.
Overview
Senegal's gross savings stood at 22.97% in 2025, a decline of +2.46% from 2024. The IMF projects 22.97% by 2025. Senegal ranked 73rd globally.
Senegal's gross savings have exhibited a significant fluctuation over the past five decades, with the country's all-time peak of 26.00 achieved in 2021, followed by a slight decline to 22.97 in 2025. This latest figure ranks Senegal 73rd globally, closely trailing the Republic of Congo and Hungary, which recorded 23.01 and 22.94 in gross savings, respectively. Conversely, Senegal's all-time trough of 1.49 in 1993 showcases the magnitude of its economic recovery. The country's savings rate has generally increased since the early 1980s, with some minor setbacks during the 1990s. Despite this progress, Senegal still faces challenges in investing its savings productively, particularly in sectors such as infrastructure and human development. A continued improvement in the country's economic stability and investment environment would be crucial to sustain its savings rate and potentially propel Senegal into the top 50 globally.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 23.37% | - | - |
| 2029* IMF | 23.08% | - | - |
| 2028* IMF | 22.70% | - | - |
| 2027* IMF | 22.43% | - | - |
| 2026* IMF | 21.88% | - | - |
| 2025* IMF | 22.97% | - | - |
| 2025 | 22.97% | −2.46% | #73 |
| 2024 | 25.43% | −1.94% | #65 |
| 2023 | 23.14% | −3.98% | #88 |
| 2022 | 18.91% | −5.68% | #116 |
| 2021 | 26.00% | +0.69% | #74 |
| 2020 | 25.49% | +1.44% | #62 |
| 2019 | 24.02% | +0.18% | #82 |
| 2018 | 23.06% | +0.52% | #85 |
| 2017 | 22.54% | +1.37% | #85 |
| 2016 | 21.15% | +1.04% | #94 |
| 2015 | 20.14% | +1.24% | #106 |
| 2014 | 18.95% | +3.15% | #111 |
| 2013 | 16.29% | +0.42% | #122 |
| 2012 | 15.85% | +1.35% | #122 |
| 2011 | 14.38% | −2.18% | #139 |
Analysis
Senegal's gross savings was 22.97% in 2025, a decline of −2.46% from 2024. IMF projects 22.97% by 2025.
Frequently Asked Questions
Senegal's gross savings was 22.97% in 2025. Ranked 73rd globally. This represents a 9.7% decrease from the previous year.
Senegal's gross savings peaked at 26.00% in 2021.
The lowest gross savings in Senegal was 1.49% in 1993.
Senegal ranks 73rd globally in gross savings as of 2025.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
Senegal's gross savings is projected to reach 22.97% by 2025 based on IMF projection.
The gross savings of Senegal in 2025 was 22.97%. This ranks 73rd in the world.
Cite this page
@misc{historysaid_senegal_gross-savings,
title = {Senegal Gross Savings},
url = {https://historysaid.com/senegal/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}