According to data from the World Bank, the 28 African countries with available information had an average savings of 17.69 billion U.S. dollars in 2021. However, some countries surpassed this average by a significant margin, with Nigeria leading the way with 149.32 billion USD in savings.
Measuring a country’s financial strength involves assessing various economic indicators, one of which is its savings. Gross savings – including savings by households, businesses, and the government – are a reflection of a country’s economic stability and growth potential.
Nigeria – 149.32 billion USD
