According to the National Accounts Statistic 2025, the nation’s national savings had a robust recovery in 2024, rising to a five-year high of Nu 70.47 billion. The main driver of this growth was a notable rise in private sector savings, which indicated a rise in economic discipline and optimism. The nation still has a significant disparity between its investment and savings needs, though. Gross national savings rose 43.52 percent, from Nu 49.10 billion in 2023 to Nu 21.37 billion. The private sector, which has been gradually gaining traction since the epidemic years, was primarily responsible for the notable expansion.
Between 2023 and 2024, private savings from households, private companies, and public enterprises increased by 44.45 percent, from Nu 59.60 billion to Nu 86.06 billion. Private savings, a key measure of the domestic ability to finance national development, increased from 23.95 percent to 30.73 percent as a percentage of GDP in a single year. The government’s financial situation worsened despite private sector performance, with a 48.39% increase in deficit and national savings, largely due to private sector’s steady growth.