24, Jan 2020, EST.

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Country or Region: Nigeria › Change country
Economic Indicator: Gross National Savings (% of GDP) › See all Nigeria indicators, › See Gross National Savings (% of GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Naira
Currency Symbol: NGN

Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment. Source: National Statistics Office. Official re-based (2010) data for 2010-13 was published in July 2014, based on SNA 2008. Estimates of pre-2010 data were extrapolated by IMF staff, and are subject to revision with official backcasted data. Latest actual data: 2015 National accounts manual used: System of National Accounts (SNA) 2008 GDP valuation: Market prices Start/end months of reporting year: January/December Base year: 2010. from October WEO submission Chain-weighted: No Primary domestic currency: Nigerian naira Data last updated: 03/2016

Gross National Savings (% of GDP) for Nigeria in year 2015 is 12.049 %. Data are based on individual countries' national accounts statistics. For many countries, the estimates of national saving are built up from national accounts data on gross domestic investment and from balance of payments-based data on net foreign investment.

This makes Nigeria No. 133 in world rankings according to Gross National Savings (% of GDP) in year 2015. The world's average Gross National Savings (% of GDP) value is 17.53 %; Nigeria is 5.48 less than the average.

In the previous year, 2014, Gross National Savings (% of GDP) for Nigeria was 16.02 % Gross National Savings (% of GDP) for Nigeria in 2015 was or will be 24.80% less than it was or will be in 2014.

In the following or forecasted year, 2016, Gross National Savings (% of GDP) for Nigeria was or will be 10.81 %, which is 10.25% less than the 2015 figure.