National Savings: Nigeria
Nigeria's national savings is currently 22.089 % of GDP as of 2026. # Nigeria National Savings Nigeria's national savings reached 22.
Current (2026)
22.089 % of GDP
-5.2% y/y
Peak (2024)
23.611 % of GDP
Low (2015)
8.984 % of GDP
Source
IMF World Economic Outlook
2004–2026 · 23 pts
National Savings — Nigeria
2004 — 2026
National Savings — Nigeria
Analysis# Nigeria National Savings
Nigeria's national savings reached 22.089% of GDP in 2026, down slightly from the all-time peak of 23.611% recorded in 2024. This represents a dramatic recovery from the 8.984% low in 2015, reflecting a total increase of 19.2 percentage points since 2004. The current level positions Nigeria's savings rate well above historical averages, indicating sustained economic strengthening over the past two decades.
A remarkable acceleration occurred between 2023 and 2024, when savings jumped from 18.87% to 23.611%—the largest single-year gain in the dataset. This surge suggests significant structural improvements in Nigeria's economy. The modest decline to 22.299% in 2025 and further to 22.089% in 2026 indicates stabilization rather than deterioration, with savings maintaining a robust trajectory above pre-2023 levels and showing no signs of reverting to earlier lows.
Historical Data
23 Rows| Year | Value | Change % |
|---|---|---|
| 2026 | 22.089 % of GDP | -5.19% |
| 2025 | 23.299 % of GDP | -1.32% |
| 2024 | 23.611 % of GDP | +25.12% |
| 2023 | 18.87 % of GDP | +1.26% |
| 2022 | 18.635 % of GDP | -0.34% |
| 2021 | 18.699 % of GDP | +1.69% |
| 2020 | 18.389 % of GDP | +0.29% |
| 2019 | 18.336 % of GDP | +19.15% |
| 2018 | 15.389 % of GDP | +12.62% |
| 2017 | 13.665 % of GDP | +13.80% |
| 2016 | 12.008 % of GDP | +33.66% |
| 2015 | 8.984 % of GDP | -21.71% |
| 2014 | 11.476 % of GDP | -14.40% |
| 2013 | 13.406 % of GDP | -1.19% |
| 2012 | 13.568 % of GDP | -1.75% |
| 2011 | 13.809 % of GDP | -8.89% |
| 2010 | 15.156 % of GDP | -3.61% |
| 2009 | 15.723 % of GDP | -13.95% |
| 2008 | 18.272 % of GDP | -5.90% |
| 2007 | 19.418 % of GDP | -17.25% |
Show all 23 rows
| Year | Value | Change % |
|---|---|---|
| 2006 | 23.465 % of GDP | +19.57% |
| 2005 | 19.624 % of GDP | +5.91% |
| 2004 | 18.529 % of GDP | — |
Related Data
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