Gross Savings Rate of Households (2007 - 2024)

This indicator compares the consumption and saving activities of households. From the perspective of households (at the micro-economic level), it shows how much households are saving out of current income, e.g. to provide families with financial security in the event of job loss and also how much income they have added to their net wealth, e.g. to fund part of their future retirement pension. From a macro-economic perspective, household savings is the main domestic source of funds to finance investment in fixed assets (including investment of households themselves in, for example, housing), financial assets, or decrease liabilities. Saving can be calculated on a gross or a net basis depending on the definition of household disposable income that is used. Gross disposable income is calculated before the deduction of depreciation (consumption of fixed capital in national accounts terms), while net disposable income is calculated by deducting depreciation from gross disposable income. Also note that the change in pension entitlements is included in the savings of households, as a consequence of which (funded) pension entitlements are considered as a financial asset of households. All in all, gross household saving is defined as household gross disposable income plus the change in pension entitlements less household final consumption expenditure. The household gross savings rate is calculated as the ratio of household gross savings to household gross disposable income plus the change in pension entitlements. The rates vary considerably across countries because of institutional, demographic, and socio-economic differences. For example, the government provision of old-age pensions or demographic age structure of the population will influence the rate at which populations save.

Quarterly data for Gross Savings Rate of Households (%) between the first quarter of 2007 and 2024 for United States, Japan, Germany, United Kingdom, France, Italy, Canada, Australia, Spain, Netherlands, Sweden, Poland, Belgium, Norway, Ireland, Austria, Denmark, Finland, Czechia, Portugal, Greece, Hungary, Chile, Slovenia, OECD and G7.