The average for 2023 based on 37 countries was 19.32 percent. The highest value was in Algeria: 40.56 percent and the lowest value was in Mozambique: 2.78 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

Household Saving Rate in South Africa decreased by 1.10 percent in the second quarter of 2025 from -1.20 percent in the first quarter of 2025. This dataset provides the latest reported value for - South Africa Households Savings - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about South Africa Gross Savings Rate

• South Africa Gross Savings Rate was measured at 13.5% in Jun 2025, compared with 13.5% in the previous quarter.
• South Africa Gross Savings Rate is updated quarterly, with data available from Mar 1960 to Jun 2025, and an average rate of 13.5%.
• The data reached an all-time high of 13.5% in Mar 1980 and a record low of 12.6% in Sep 2019.
• In the latest reports, South Africa GDP expanded 1.1% YoY in Jun 2025.
• South Africa Nominal GDP reached 103,116.2 USD mn in Jun 2025. Its GDP deflator (implicit price deflator) increased 1.7% in Jun 2025.
• South Africa GDP Per Capita reached 6,474.8 USD in Dec 2024.

Gross savings (% of GDP) in South Africa was reported at 13.32 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Gross savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on November of 2025.

Africa Gross Savings Percentage of Gdp Dataset

  Overview

This dataset contains gross savings (% of gdp) data for African countries from the World Bank Economy & Growth indicators.

  Data Details

Indicator Code: NY.GNS.ICTR.ZS Description: Gross savings (% of GDP) Geographic Coverage: 54 African countries Time Period: 1960-2024 Data Points: 3,120 observations Coverage: 88.89% of possible country-year combinations

  File Formats





  Main Dataset… See the full description on the dataset page: https://huggingface.co/datasets/electricsheepafrica/africa-gross-savings-percentage-of-gdp.

This statistic shows a ranking of the estimated gross national savings rate in 2020 in Africa, differentiated by country. The savings rate here refers to the gross domestic saving by the state, private households, and corporations and is shown as a percentage of total gross domestic product (GDP).The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

South Africa ZA: Savings Rate data was reported at 4.349 % pa in 2017. This records an increase from the previous number of 3.727 % pa for 2016. South Africa ZA: Savings Rate data is updated yearly, averaging 3.319 % pa from Dec 2001 (Median) to 2017, with 17 observations. The data reached an all-time high of 6.463 % pa in 2008 and a record low of 2.582 % pa in 2012. South Africa ZA: Savings Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s South Africa – Table ZA.IMF.IFS: Lending, Saving and Deposit Rates: Annual.

The gross national savings rate in Botswana was forecast to continuously increase between 2024 and 2029 by in total *** percentage points. After the seventh consecutive increasing year, the savings rate is estimated to reach **** percent and therefore a new peak in 2029. The savings rate here refers to the gross domestic saving by the state, private households, and corporations and is shown as a percentage of total gross domestic product (GDP).The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than *** countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).Find more key insights for the gross national savings rate in countries like South Africa and Lesotho.

In 2021, Libya had the highest gross domestic savings as a share of GDP in North Africa, with a percentage of **** percent. This was a drastic increase from the previous year, in which Libya's gross domestic savings stood at minus **** percent of its GDP. This was the only negative value for the selected countries among the years under review. Furthermore, following Libya was Algeria in 2021, with a share of approximately **** percent. Gross domestic saving is a country's GDP minus final consumption expenditure. It is measured as a percentage of a country's GDP.

South Africa ZA: Deposit Interest Rate data was reported at 7.245 % pa in 2017. This records an increase from the previous number of 7.172 % pa for 2016. South Africa ZA: Deposit Interest Rate data is updated yearly, averaging 6.309 % pa from Dec 2008 (Median) to 2017, with 10 observations. The data reached an all-time high of 11.613 % pa in 2008 and a record low of 5.152 % pa in 2013. South Africa ZA: Deposit Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank.WDI: Interest Rates. Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; ;

Africa Adjusted Net Savings Including Particulate Emission Damage Percentage of Gni Dataset

  Overview

This dataset contains adjusted net savings, including particulate emission damage (% of gni) data for African countries from the World Bank Economy & Growth indicators.

  Data Details

Indicator Code: NY.ADJ.SVNG.GN.ZS Description: Adjusted net savings, including particulate emission damage (% of GNI) Geographic Coverage: 54 African countries Time Period:… See the full description on the dataset page: https://huggingface.co/datasets/electricsheepafrica/africa-adjusted-net-savings-including-particulate-emission-damage-percentage-of-gni.

South Africa Households Saving to Households Disposable Income: saar data was reported at 0.400 % in Jun 2018. This records an increase from the previous number of 0.300 % for Mar 2018. South Africa Households Saving to Households Disposable Income: saar data is updated quarterly, averaging 3.550 % from Mar 1960 (Median) to Jun 2018, with 234 observations. The data reached an all-time high of 23.800 % in Jun 1972 and a record low of -2.500 % in Dec 2013. South Africa Households Saving to Households Disposable Income: saar data remains active status in CEIC and is reported by South African Reserve Bank. The data is categorized under Global Database’s South Africa – Table ZA.A044: SNA 2008: National Account Ratio: Seasonally Adjusted at Annual Rates.

Key information about South Africa Investment: % of GDP

• South Africa Investment accounted for 14.5 % of its Nominal GDP in Jun 2025, compared with a ratio of 13.7 % in the previous quarter.
• South Africa investment share of Nominal GDP data is updated quarterly, available from Mar 1960 to Jun 2025, with an average ratio of 16.1 %.
• The data reached an all-time high of 40.6 % in Sep 1981 and a record low of 10.1 % in Dec 2020.

• In the latest reports, South Africa GDP expanded 1.1 % YoY in Jun 2025.
• South Africa Nominal GDP reached 103.1 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) increased 1.7 % in Jun 2025.
• South Africa GDP Per Capita reached 6,474.8 USD in Dec 2024.
• Its Gross Savings Rate was measured at 13.5 % in Jun 2025.

Savings Accounts Market Outlook

According to our latest research, the global savings accounts market size reached USD 14.3 trillion in 2024, reflecting strong consumer demand for secure, interest-bearing deposit products. The market is projected to expand at a CAGR of 4.2% from 2025 to 2033, reaching a forecasted value of USD 20.8 trillion by 2033. This robust growth is primarily driven by increasing financial inclusion initiatives, digital transformation in banking, and a growing emphasis on personal financial management worldwide.

One of the primary growth factors for the savings accounts market is the global push towards financial inclusion, especially in emerging economies. Governments and regulatory bodies are actively encouraging the unbanked population to open savings accounts by rolling out supportive policies, digital identity solutions, and simplified account opening procedures. This trend is especially prominent in regions like Asia Pacific and Africa, where a significant proportion of the population previously lacked access to formal banking services. As a result, millions of new savings accounts are being opened each year, significantly expanding the addressable market for financial institutions. Furthermore, financial literacy campaigns and social welfare programs that require beneficiaries to have bank accounts are also fueling market growth.

Another significant driver is the rapid adoption of digital banking technologies. The proliferation of smartphones, improved internet connectivity, and the rise of fintech companies have revolutionized how consumers access and manage their savings accounts. Online and mobile banking platforms now offer seamless account opening, instant fund transfers, real-time balance updates, and personalized financial advice. These advancements have not only enhanced customer convenience but also reduced operational costs for banks, allowing them to offer more competitive interest rates and innovative savings products. The integration of artificial intelligence and machine learning in banking apps further enables tailored product recommendations and fraud detection, bolstering consumer trust and engagement with savings accounts.

Additionally, rising awareness about the importance of financial security and wealth management is propelling the demand for savings accounts across diverse demographic segments. Consumers are increasingly prioritizing emergency funds, goal-based savings, and long-term financial planning, leading to a surge in the adoption of various savings account types, including high-yield accounts and certificates of deposit. The ongoing economic uncertainties and volatile investment markets have further highlighted the value of liquid, low-risk savings instruments, prompting both individuals and businesses to allocate more resources to savings accounts as a safe haven for their funds.

In addition to traditional savings accounts, many consumers are exploring the benefits of Health Savings Accounts (HSAs) as a strategic financial tool. HSAs offer a unique blend of savings and investment opportunities, allowing individuals to set aside pre-tax dollars for qualified medical expenses. This not only reduces taxable income but also provides a means to grow funds tax-free, similar to a retirement account. As healthcare costs continue to rise, HSAs are becoming an integral part of personal financial planning, offering flexibility and control over healthcare spending. Financial institutions are increasingly offering HSAs as part of their product portfolio, recognizing the growing demand for health-related financial solutions. The integration of HSAs with digital banking platforms further enhances their accessibility and management, making them an attractive option for tech-savvy consumers seeking comprehensive financial wellness strategies.

Regionally, Asia Pacific dominates the savings accounts market in terms of both volume and growth rate, owing to its large population base, rapid urbanization, and aggressive digitalization strategies by local banks. North America and Europe follow closely, benefiting from mature banking infrastructures and high financial literacy rates. Meanwhile, Latin America and the Middle East & Africa are witnessing accelerated market expansion, driven by regulatory reforms and the entry of digital-only banks. These regional dynamics underscore the global nature of the market and the diverse fa

Key information about South Africa Real GDP Growth

• The Gross Domestic Product (GDP) in South Africa expanded 1.1 % YoY in Jun 2025, following a growth of 0.5 % in the previous quarter.
• Real GDP Growth YoY data in South Africa is updated quarterly, available from Mar 1961 to Jun 2025, with an average rate of -1.3 %.
• The data reached an all-time high of 19.2 % in Jun 2021 and a record low of -16.8 % in Jun 2020.

• In the latest reports, Nominal GDP of South Africa reached 103.1 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) increased 1.7 % in Jun 2025.
• GDP Per Capita in South Africa reached 6,474.8 USD in Dec 2024.
• Its Gross Savings Rate was measured at 13.5 % in Jun 2025.
• For Nominal GDP contributions, Investment accounted for 14.5 % in Jun 2025.
• Public Consumption accounted for 18.5 % in Jun 2025.
• Private Consumption accounted for 64.0 % in Jun 2025.

Os dados de Variação da Poupança Bruta da África do Sul foram registrados em 13.5 % em 2025-06. Este manteve-se constante com relação aos números anteriores de 13.5 % em 2025-03. Os dados de Variação da Poupança Bruta da África do Sul são atualizados trimestral, com uma média de 15.8 % em 1960-03 até 2025-06, com 262 observações. Os dados alcançaram um alto recorde de 40.1 % em 1980-03 e um baixo recorde de 12.6 % em 2019-09. Os dados de Variação da Poupança Bruta da África do Sul permanecem com status ativo na CEIC e são reportados pela fonte: South African Reserve Bank. Os dados são classificados sob o Global Database’ África Do Sul – Table ZA.A: SNA 2008: National Account Ratio: Seasonally Adjusted at Annual Rates.

Abstract

Even though individuals throughout Africa employ numerous informal savings mechanisms, only a quarter of individuals in Sub-Saharan Africa have bank accounts, and these savers only keep a small proportion of their savings in these accounts. Yet banks could provide more secure and private storage of funds, and offer positive interest rates. The World Bank and North Volta Rural Bank jointly designed this study with the objective of testing the impact of new banking products and services designed to attract more (and lower income) customers, and to attract a higher percentage of individuals’ savings. The new services tested as part of this study included a savings deposit collection service in which collectors visit customers regularly at home or work to collect savings deposits, and a separate service in which customers were given lockboxes. These were tested alone, and in combination. This study was designed to ensure the operational viability of the deposit collection and lockbox services for NVRB, and to make a preliminary assessment of the impacts of these services on customers and NVRB before further scaling-up these services within NVRB.

192 individuals completed the baseline survey, and 174 of these individuals completed the endline survey. The study sample is comprised of both banked and unbanked individuals, and is half male and half female.

Geographic coverage

The study sample is comprised of individuals who at the time of the baseline survey lived or worked within one kilometer of North Volta Rural Bank's Nkwanta branch, which is located in the small town of Nkwanta. Nkwanta is the capital of Nkwanta South District, and is located in the Volta Region of Ghana.

Analysis unit

Individuals

Kind of data

Sample survey data [ssd]

Sampling procedure

A total of 192 individuals were enrolled in this study. So that the study might be able to observe whether the services had different impacts based on the type of customer that was participating, different types of individuals were recruited to participate in the study, as follows: · Individuals who already had an individual savings account with NVRB: 96. · Individuals who did not have a bank account with NVRB, but who did have a bank account with another bank: 48 · Individuals who did not have a bank account at any bank: 48

Within each of the three groups, half were female, and half were male.

All study participants also met the following eligibility criteria: · Live or work within a one kilometer radius of the NVRB Nkwanta branch. · Earning an income and self-employed in non-agricultural activities. (Excluded occupations included salaried and wage workers, pensioners, students, apprentices, seasonal income earners such as all kinds of farming, pastors, traditional rulers, natural resource extraction such as fishermen and hunters, road construction, afforestation, waste management, and laborers.) · I nterested in receiving the services being offered, and willing to pay the collection service fee.

As part of the study, study participants were randomly assigned to the following six treatment arms: · A1: No deposit collection & No lockbox (32 individuals) - pure control group · A2: No deposit collection & Lockbox (32 individuals) · B1: Daily deposit collection & No lockbox (32 individuals) · B2: Daily deposit collection & Lockbox (32 individuals) · C1: Weekly deposit collection & No lockbox (32 individuals) · C2: Weekly deposit collection & Lockbox (32 individuals) The randomization was stratified by type of customer, so that the different types of customer would be evenly spread across the following six arms.

Mode of data collection

Face-to-face [f2f]

Research instrument

Baseline Survey Modules

1 - Eligibility assessment 2 - Enrollment form 3- Baseline survey

Endline Survey Modules

A - Survey information B - Savings C - Debt D - Expenditures E - Income F - Demographics; intra-household decision-making; financial shocks; housing quality G - Household roster H - Views on the lockboxes and deposit collection services

Key information about South Africa Short Term Interest Rate

• South Africa Short Term Interest Rate: Month End: Treasury Bills Rate: 91 Days was reported at 6.66 % pa in Nov 2025, compared with 6.84 % pa in the previous month.
• South Africa Short Term Interest Rate data is updated monthly, available from Dec 1980 to Nov 2025.
• The data reached an all-time high of 11.00 % pa in Feb 2012 and a record low of 3.00 % pa in Oct 2025.
• Short Term Interest Rate is reported by reported by South African Reserve Bank.

• In the latest reports, South Africa Government Bond Yield: Month End: 10 Years and Over was reported at 8.98 % pa in Nov 2025.
• The cash rate (Policy Rate: Month End: Repo Rate) was set at 6.75 % pa in Nov 2025.
• South Africa Exchange Rate against USD averaged 17.27 (USD/ZAR) in Oct 2025.

Tabungan Bruto Afrika Selatan dilaporkan sebesar 13.5 % pada 2025-06. Angka ini tetap dibanding sebelumnya yaitu 13.5 % untuk 2025-03. Data Tabungan Bruto Afrika Selatan diperbarui triwulanan, dengan rata-rata 15.8 % dari 1960-03 sampai 2025-06, dengan 262 observasi. Data ini mencapai angka tertinggi sebesar 40.1 % pada 1980-03 dan rekor terendah sebesar 12.6 % pada 2019-09. Data Tabungan Bruto Afrika Selatan tetap berstatus aktif di CEIC dan dilaporkan oleh South African Reserve Bank. Data dikategorikan dalam Afrika Selatan Global Database – Table ZA.A: SNA 2008: National Account Ratio: Seasonally Adjusted at Annual Rates.