Savings Rate, Percent per annum in Zambia
Zambia: Savings Rate, Percent per annum was 2.93 in 2020. ◆ Volatile
Savings Rate, Percent per annum in Zambia, 1977–2020
Source: International Monetary Fund.
Analysis
Zambia recorded 2.93 for savings rate, percent per annum in 2020.
Compared with earlier readings it is down 3.5% on the previous year and down 37.5% over ten years.
Over the whole period, savings rate, percent per annum in Zambia peaked at 77.85 in 1993 and was at its lowest, 2.7, in 2017.
Zambia ranks 17th of 63 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Savings Rate, Percent per annum in Zambia, year by year
| Year | Value | Change |
|---|---|---|
| 1977 | 6 | — |
| 1978 | 6.67 | +11.1% |
| 1979 | 7 | +5.0% |
| 1980 | 7 | +0.0% |
| 1981 | 7 | +0.0% |
| 1982 | 7 | +0.0% |
| 1983 | 8 | +14.3% |
| 1984 | 8.62 | +7.8% |
| 1985 | 14.85 | +72.1% |
| 1986 | 16.38 | +10.4% |
| 1987 | 10.3 | -37.1% |
| 1988 | 9.07 | -12.0% |
| 1989 | 13 | +43.4% |
| 1990 | 23.73 | +82.6% |
| 1991 | 30 | +26.4% |
| 1992 | 40.43 | +34.8% |
| 1993 | 77.85 | +92.5% |
| 1994 | 44.21 | -43.2% |
| 1995 | 25.01 | -43.4% |
| 1996 | 31.14 | +24.5% |
| 1997 | 24.95 | -19.9% |
| 1998 | 7.42 | -70.3% |
| 1999 | 10.43 | +40.6% |
| 2000 | 10.18 | -2.4% |
| 2001 | 9.52 | -6.5% |
| 2002 | 8.54 | -10.2% |
| 2003 | 7.89 | -7.6% |
| 2004 | 6.41 | -18.8% |
| 2005 | 5.72 | -10.7% |
| 2006 | 6.1 | +6.6% |
| 2007 | 5.74 | -5.9% |
| 2008 | 4.78 | -16.7% |
| 2009 | 4.72 | -1.3% |
| 2010 | 4.68 | -0.8% |
| 2011 | 4.46 | -4.7% |
| 2012 | 4.28 | -4.1% |
| 2013 | 3.48 | -18.6% |
| 2014 | 3.53 | +1.4% |
| 2015 | 3.36 | -4.9% |
| 2016 | 3.27 | -2.6% |
| 2017 | 2.7 | -17.6% |
| 2018 | 2.92 | +8.3% |
| 2019 | 3.03 | +3.8% |
| 2020 | 2.93 | -3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.56 | 6 | 7 | 3 |
| 1980s | 10.12 | 7 | 16.38 | 10 |
| 1990s | 31.52 | 7.42 | 77.85 | 10 |
| 2000s | 6.96 | 4.72 | 10.18 | 10 |
| 2010s | 3.57 | 2.7 | 4.68 | 10 |
| 2020s | 2.93 | 2.93 | 2.93 | 1 |
Countries ranked near Zambia
More financial sector data for Zambia
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 21.44 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0425 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 50.49 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate 32.6 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 147.13 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate 32.6 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 147.13 SDR per person (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate 32.6 % change on previous year (2024)
- Total reserves (gold at national valuation) (SDR), per capita 147.13 SDR per person (2024)
- Total reserves (gold at national valuation) 3.14 billion SDR (2024)
Frequently asked questions
- What is savings rate, percent per annum in Zambia?
- Savings rate, percent per annum in Zambia was 2.93 in 2020, according to International Monetary Fund.
- What is the highest savings rate, percent per annum recorded in Zambia?
- The highest recorded value was 77.85 in 1993.
- What is the lowest savings rate, percent per annum recorded in Zambia?
- The lowest recorded value was 2.7 in 2017.
- How does Zambia rank for savings rate, percent per annum?
- Zambia ranks 17th out of 63 countries with data for 2020.
- Is savings rate, percent per annum rising or falling in Zambia?
- Over the last ten years it is down 37.5%. The long-run trend across the full record is volatile.
- Where does this Zambia data come from?
- The figures come from International Monetary Fund, published as part of Savings Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.