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% |
Zambia compared with similar countries
- Zambia's 2.93 is above the median for lower middle income countries, which is 2.8, 1.0× the median. (18 countries reporting)
- Zambia's 2.93 is above the median for Sub-Saharan Africa, which is 2.92, 1.0× the median. (14 countries reporting)
Biggest year-on-year movements
Years where Savings Rate, Percent per annum in Zambia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1993 | +92.5% | 40.43 | 77.85 |
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
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0011 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0008 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0011 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
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.
Download this data
CSV · JSON — 44 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.