Saving in Sub-Saharan Africa

Preprint OPEN
Ernest Aryeetey; Christopher Udry;
  • Subject: saving, Africa, household savings, transactions costs, risk management
    • jel: jel:O16 | jel:O55 | jel:O17 | jel:D12

Gross domestic savings in Africa averaged only 8 percent of GDP in the 1980s, compared to 23 percent for Southeast Asia and 35 percent in the Newly Industrialized Economies. Aside from being generally low, saving rates in most of Africa have shown consistent decline ove... View more
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