National Savings: Ethiopia

Analysis# Ethiopia National Savings Ethiopia's national savings stood at 23.756% of GDP in 2026, rebounding from a recent low of 17.531% in 2024. The metric remains substantially below its all-time peak of 32.33% in 2018, though it has recovered slightly from the declines of 2022–2024. Since 2004, national savings have declined 2.3 percentage points overall, reflecting structural shifts in the economy over two decades. The most significant turning point occurred between 2018 and 2020, when savings fell sharply from 32.33% to 26.582%—a 5.75 percentage point drop likely driven by economic pressures and external shocks. After three consecutive years of decline through 2024, savings began recovering in 2025 and continued upward in 2026, suggesting stabilization. If this upward momentum persists, Ethiopia could approach mid-range historical levels, though returning to 2018 peaks remains unlikely without substantial economic restructuring.