Gross savings in Guinea-Bissau
Guinea-Bissau: Gross savings was 254.26 billion current LCU in 2024. ◆ Volatile
Gross savings in Guinea-Bissau, 1982–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, gross savings in Guinea-Bissau stood at 254.26 billion current LCU. That is the highest value across all 40 years on record.
The figure is up 10.1% on the previous year and up 157.9% over ten years.
Over the whole period, gross savings in Guinea-Bissau peaked at 254.26 billion current LCU in 2024 and was at its lowest, -15.93 billion current LCU, in 2001.
That places Guinea-Bissau 89th out of 177 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 75.54 million current LCU | -230.01 million current LCU | 509.48 million current LCU | 8 |
| 1990s | 2.24 billion current LCU | -8.63 billion current LCU | 10.24 billion current LCU | 8 |
| 2000s | 24.98 billion current LCU | -15.93 billion current LCU | 60.79 billion current LCU | 9 |
| 2010s | 92.82 billion current LCU | 27.72 billion current LCU | 165.60 billion current LCU | 10 |
| 2020s | 218.58 billion current LCU | 159.48 billion current LCU | 254.26 billion current LCU | 5 |
Countries ranked near Guinea-Bissau
More economy & growth data for Guinea-Bissau
- DEC alternative conversion factor 581.93 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 94.18 billion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 161.84 million current US$ (2025)
- Taxes less subsidies on products 67.03 billion current LCU (2025)
- Taxes less subsidies on products 115.18 million current US$ (2025)
- Net primary income (Net income from abroad) 12.30 billion current LCU (2025)
- Net primary income (Net income from abroad) 21.14 million current US$ (2025)
- GNI per capita 659,420 current LCU (2025)
- GNI per capita, Atlas method 1,090 current US$ (2025)
- GNI 1.48 trillion current LCU (2025)
Frequently asked questions
- What is gross savings in Guinea-Bissau?
- Gross savings in Guinea-Bissau was 254.26 billion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Guinea-Bissau?
- The highest recorded value was 254.26 billion current LCU in 2024.
- What is the lowest gross savings recorded in Guinea-Bissau?
- The lowest recorded value was -15.93 billion current LCU in 2001.
- How does Guinea-Bissau rank for gross savings?
- Guinea-Bissau ranks 89th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Guinea-Bissau?
- Over the last ten years it is up 157.9%. The long-run trend across the full record is volatile.
- Where does this Guinea-Bissau data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.