Home Sri Lanka Economy & Growth Gross Savings

Sri Lanka Gross Savings

Gross savings as % of GDP  NY.GNS.ICTR.ZS

28.35% +0.83% (+3.0%)
Year 2024 Rank #47 Global Peak 37.29% (2017) Source World Bank

Sri Lanka Gross Savings (1975–2024)

Overview

Sri Lanka's gross savings stood at 28.35% in 2024, a rise of +0.83% from 2023. Sri Lanka ranked 47th globally.

Data & projection

Year Gross Savings YoY change Rank
2024 28.35% +0.83% #47
2023 26.36% +0.04% #64
2022 25.86% −7.17% #67
2021 33.00% +1.54% #31
2020 31.35% −0.69% #27
2019 32.03% −3.07% #31
2018 35.13% −2.15% #19
2017 37.29% +2.81% #14
2016 34.47% +2.40% #16
2015 32.05% +2.15% #29
2014 29.90% −0.05% #40
2013 29.95% −3.45% #38
2012 33.40% +6.85% #36
2011 26.55% −1.97% #56
2010 28.52% +0.54% #48
Show all years (1975-2024)

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +38.3% GDP growth 5.0% C/A balance 1.2%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Sri Lanka 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

What is Sri Lanka's gross savings?

Sri Lanka's gross savings was 28.35% in 2024. Ranked 47th globally. This represents a 3.0% increase from the previous year.

What was the highest gross savings in Sri Lanka?

Sri Lanka's gross savings peaked at 37.29% in 2017.

What was the lowest gross savings in Sri Lanka?

The lowest gross savings in Sri Lanka was 2.91% in 1976.

How does Sri Lanka rank in gross savings?

Sri Lanka ranks 47th globally in gross savings as of 2024.

What is the World Bank indicator code for gross savings?

The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.

What is the gross savings of Sri Lanka in 2024?

The gross savings of Sri Lanka in 2024 was 28.35%. This ranks 47th in the world.

Cite this page

APA
Sri Lanka Gross Savings. HistorySaid. Retrieved April 2, 2026, from https://historysaid.com/sri-lanka/gross-savings
BibTeX
@misc{historysaid_sri-lanka_gross-savings, title = {Sri Lanka Gross Savings}, url = {https://historysaid.com/sri-lanka/gross-savings}, publisher = {HistorySaid}, year = {2026} }