Sri Lanka Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
Sri Lanka's gross savings was 28.35% in 2024, ranked 47th globally. This represents a 3.0% increase from 2023. Data from World Bank, covering 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.
Sri Lanka's gross savings rate fluctuated significantly over the past five decades, ranging from an all-time low of 2.91% in 1976 to a peak of 37.29% in 2017. Despite a relatively stable performance in recent years, the country's savings rate declined to 28.35% in 2024, ranking 47th globally. This decline mirrors a similar trend observed in North Macedonia, Sri Lanka's closest peer, which also saw a decline in its savings rate. The fluctuating savings rate in Sri Lanka is likely due to factors such as economic instability and the impact of global events, including the COVID-19 pandemic. The country's savings rate has been on a downward trajectory since its peak in 2017, indicating a potential risk to its long-term economic growth and development. A sustained economic recovery and investments in infrastructure could potentially reverse this trend and contribute to a resurgence in Sri Lanka's savings rate in the coming years.
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 |
Detected Pattern
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
Sri Lanka's gross savings was 28.35% in 2024. Ranked 47th globally. This represents a 3.0% increase from the previous year.
Sri Lanka's gross savings peaked at 37.29% in 2017.
The lowest gross savings in Sri Lanka was 2.91% in 1976.
Sri Lanka ranks 47th globally in gross savings as of 2024.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
The gross savings of Sri Lanka in 2024 was 28.35%. This ranks 47th in the world.
Cite this page
@misc{historysaid_sri-lanka_gross-savings,
title = {Sri Lanka Gross Savings},
url = {https://historysaid.com/sri-lanka/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}