South Africa Gross Savings Rate (% of GDP) (2024)
South Africa's Gross Savings Rate (% of GDP): 13.6 % of GDP in 2024, -1.1pp YoY. World Bank (NY.GNS.ICTR.ZS), 1990–2024.
South Africa (2024)
13.6
% of GDP
-1.1pp YoY
YoY Change
-1.1pp
percentage points
Trend
down
Series length
35
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2024 | 13.6 | -1.1pp |
| 2023 | 14.7 | -0.6pp |
| 2022 | 15.3 | -1.2pp |
| 2021 | 16.6 | +2.3pp |
| 2020 | 14.3 | +1.1pp |
| 2019 | 13.2 | -0pp |
| 2018 | 13.2 | -1pp |
| 2017 | 14.2 | -0pp |
| 2016 | 14.3 | -0pp |
| 2015 | 14.3 | +0.6pp |
| 2014 | 13.7 | -0.2pp |
| 2013 | 13.8 | +0.3pp |
| 2012 | 13.5 | -2.6pp |
| 2011 | 16.1 | -1pp |
| 2010 | 17.1 | -0.2pp |
| 2009 | 17.4 | +1.1pp |
| 2008 | 16.3 | -0.7pp |
| 2007 | 17 | -1.1pp |
| 2006 | 18.1 | +0.4pp |
| 2005 | 17.7 | n/a |
About this Dataset
South Africa recorded 13.6 % of GDP in 2024. The most recent year-on-year change was -1.1pp. The historical series (1990–2024) shows a peak of 18.4 in 2003 and a trough of 13.2 in 2019.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks south africa gross savings rate (% of gdp) in South Africa, published by World Bank. Data covers 1990–2024 at annual frequency using harmonised methodology.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. Data is updated annual.
The series peaked at 18.4 % of GDP in 2003 and reached its lowest recorded value of 13.2 in 2019. The latest reading of 13.6 in 2024 represents a year-on-year change of -1.1pp.