West Bank and Gaza Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
West Bank and Gaza's gross savings was 1.88% in 2024, ranked 162nd globally. This represents a 85.6% decrease from 2023. Data from World Bank, covering 1995–2024.
Overview
West Bank and Gaza's gross savings stood at 1.88% in 2024, a decline of +11.20% from 2023. West Bank and Gaza ranked 162nd globally.
West Bank and Gaza’s gross savings ratio has fallen sharply from an early‑period level of 8.15 % in 1995 to just 1.88 % in 2024, placing the economy at rank 162 globally. The indicator reached its all‑time high of 26.83 % in 2008, a year of unusually strong fiscal inflows, before plunging to a historic low of –6.51 % in 2004 amid heightened political instability and reduced private sector activity. Over the 30‑year span the savings rate has remained well below that of peer economies such as Mozambique, which recorded 1.68 % in the same year, and far from the 4.48 % observed in Moldova. The persistent decline reflects constrained domestic investment, limited access to credit, and recurring external shocks. Continued improvement will likely depend on stabilising the political environment, expanding private‑sector financing mechanisms, and fostering higher household and corporate surplus generation, which could gradually reverse the downward trajectory.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2024 | 1.88% | −11.20% | #162 |
| 2023 | 13.08% | −1.48% | #149 |
| 2022 | 14.56% | −1.71% | #150 |
| 2021 | 16.27% | +4.10% | #139 |
| 2020 | 12.17% | −2.51% | #152 |
| 2019 | 14.68% | −0.77% | #151 |
| 2018 | 15.45% | +1.08% | #140 |
| 2017 | 14.37% | +2.89% | #148 |
| 2016 | 11.48% | +0.09% | #164 |
| 2015 | 11.39% | +3.25% | #159 |
| 2014 | 8.14% | +0.80% | #170 |
| 2013 | 7.34% | +0.37% | #162 |
| 2012 | 6.97% | +7.46% | #162 |
| 2011 | -0.49% | −8.19% | #180 |
| 2010 | 7.71% | −0.39% | #162 |
Detected Pattern
Analysis
West Bank and Gaza matched the Export Boom Cycle pattern in 2008. Historically, 71% of countries showing this pattern (546 out of 768) saw gross savings improve within 24 months. View full analysis →
Frequently Asked Questions
West Bank and Gaza's gross savings was 1.88% in 2024. Ranked 162nd globally. This represents a 85.6% decrease from the previous year.
West Bank and Gaza's gross savings peaked at 26.83% in 2008.
The lowest gross savings in West Bank and Gaza was -6.51% in 2004.
West Bank and Gaza ranks 162nd 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 West Bank and Gaza in 2024 was 1.88%. This ranks 162nd in the world.
Cite this page
@misc{historysaid_west-bank-and-gaza_gross-savings,
title = {West Bank and Gaza Gross Savings},
url = {https://historysaid.com/west-bank-and-gaza/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}