Zambia Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
Zambia's gross savings was 33.57% in 2025, ranked 18th globally. This represents a 2.5% decrease from 2024. Data from World Bank, covering 1980–2025.
Overview
Zambia's gross savings stood at 33.57% in 2025, a decline of +0.86% from 2024. The IMF projects 33.57% by 2025. Zambia ranked 18th globally.
Zambia’s gross savings ratio has risen markedly from a low of 10.83 in 1980 to 33.56 in 2025, placing the country 18th globally and positioning it alongside peers such as Denmark (34.27) and Korea (34.39). The upward trajectory accelerated after the early‑1980s trough of –0.66 in 1982, reflecting gradual improvements in fiscal discipline and investment income. A pronounced peak of 46.42 in 2020 illustrates the extent to which recent commodity booms and external financing boosted national saving capacity, although the subsequent decline to the 2025 level suggests that the surge was not fully sustainable. Over the 46‑year series, the pattern shows a long‑term shift from negative to positive savings, yet the current figure remains below the all‑time high. Continued diversification of export revenues and prudent debt management could help Zambia sustain a higher savings rate and narrow the gap with the leading peer group.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 37.16% | - | - |
| 2029* IMF | 36.87% | - | - |
| 2028* IMF | 36.24% | - | - |
| 2027* IMF | 35.61% | - | - |
| 2026* IMF | 35.15% | - | - |
| 2025* IMF | 33.57% | - | - |
| 2025 | 33.57% | −0.86% | #18 |
| 2024 | 34.42% | +6.01% | #21 |
| 2023 | 34.46% | +3.74% | #25 |
| 2022 | 45.41% | +2.14% | #8 |
| 2021 | 45.14% | +1.10% | #5 |
| 2020 | 46.42% | +6.68% | #3 |
| 2019 | 39.79% | +2.50% | #12 |
| 2018 | 41.90% | +2.58% | #9 |
| 2017 | 43.29% | +8.35% | #8 |
| 2016 | 37.36% | −2.76% | #10 |
| 2015 | 37.75% | +1.54% | #14 |
| 2014 | 39.52% | +6.29% | #17 |
| 2013 | 37.92% | +1.02% | #22 |
| 2012 | 40.98% | +3.43% | #19 |
| 2011 | 36.04% | −1.36% | #27 |
Detected Pattern
Analysis
Zambia matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw gross savings improve within 24 months. View full analysis →
Frequently Asked Questions
Zambia's gross savings was 33.57% in 2025. Ranked 18th globally. This represents a 2.5% decrease from the previous year.
Zambia's gross savings peaked at 46.42% in 2020.
The lowest gross savings in Zambia was -0.66% in 1982.
Zambia ranks 18th globally in gross savings as of 2025.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
Zambia's gross savings is projected to reach 33.57% by 2025 based on IMF projection.
The gross savings of Zambia in 2025 was 33.57%. This ranks 18th in the world.
Cite this page
@misc{historysaid_zambia_gross-savings,
title = {Zambia Gross Savings},
url = {https://historysaid.com/zambia/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}