National Savings: Zambia
Zambia's national savings is currently 35.149 % of GDP as of 2026. # Zambia National Savings Zambia's national savings rate stands at 35.
Current (2026)
35.149 % of GDP
+4.7% y/y
Peak (2020)
44.036 % of GDP
Low (2008)
26.3 % of GDP
Source
IMF World Economic Outlook
2004–2026 · 23 pts
National Savings — Zambia
2004 — 2026
National Savings — Zambia
Analysis# Zambia National Savings
Zambia's national savings rate stands at 35.149% of GDP in 2026, representing a modest 3.4% increase from 2004 levels. The country achieved its peak savings rate of 44.036% in 2020, nearly 18 percentage points above the 2008 low of 26.3%. While the current figure remains solid by historical standards, it reflects a significant pullback from the pandemic-era high.
The most striking shift occurred after 2020, when savings collapsed from 44.036% to just 28.408% by 2023—a dramatic 15.6-point decline. Economic pressures during this period substantially reduced household and government capacity to save. Recent data suggests stabilization, with savings recovering to 35.149% by 2026, indicating a partial rebound from the 2023 trough though still well below the 2020 peak.
Historical Data
23 Rows| Year | Value | Change % |
|---|---|---|
| 2026 | 35.149 % of GDP | +4.72% |
| 2025 | 33.565 % of GDP | +18.37% |
| 2024 | 28.357 % of GDP | -0.18% |
| 2023 | 28.408 % of GDP | -7.55% |
| 2022 | 30.728 % of GDP | -28.98% |
| 2021 | 43.267 % of GDP | -1.75% |
| 2020 | 44.036 % of GDP | +10.81% |
| 2019 | 39.739 % of GDP | +6.57% |
| 2018 | 37.288 % of GDP | -5.17% |
| 2017 | 39.321 % of GDP | +12.53% |
| 2016 | 34.942 % of GDP | -12.90% |
| 2015 | 40.117 % of GDP | +10.79% |
| 2014 | 36.211 % of GDP | +8.98% |
| 2013 | 33.228 % of GDP | -9.95% |
| 2012 | 36.898 % of GDP | -1.73% |
| 2011 | 37.548 % of GDP | +0.39% |
| 2010 | 37.401 % of GDP | +3.23% |
| 2009 | 36.23 % of GDP | +37.76% |
| 2008 | 26.3 % of GDP | -13.67% |
| 2007 | 30.463 % of GDP | -26.31% |
Show all 23 rows
| Year | Value | Change % |
|---|---|---|
| 2006 | 41.342 % of GDP | +46.72% |
| 2005 | 28.178 % of GDP | -17.12% |
| 2004 | 33.998 % of GDP | — |
Related Data
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For Zambia
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