National Savings: Mozambique

Analysis# Mozambique National Savings Mozambique's national savings stood at 12.562% of GDP in 2026, down significantly from its all-time peak of 24.708% in 2019. Since 2004, the metric has declined 44.3%, falling from higher baseline levels to current rates well above the 2015 low of 5.428%. The country's savings ratio remains volatile and substantially below its recent historical highs, reflecting structural economic pressures. A sharp contraction occurred between 2019 and 2022, when savings collapsed from 24.708% to 6.769%—a dramatic 73% drop in just three years. Recovery has been modest and uneven; 2023 through 2026 show gradual improvement, climbing from 8.608% to 12.562%, but remain far from pre-2022 levels. Current trajectory suggests stabilization rather than a return to peak performance in the near term.