Household Saving Rate in Canada decreased to 5 percent in the second quarter of 2025 from 6 percent in the first quarter of 2025. This dataset provides - Canada Personal Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Households where the major income earner was from 35 to 44 years old had the highest amount of net savings in 2024. That segment saved on average nearly ****** Canadian dollars that year alone. Households of individuals older than 64 had negative net savings amounting to ****** Canadian dollars, which means that their expenses were higher than their revenue. These figures do not show the overall value of savings accumulated in bank accounts and other assets, but the amount of money that households managed to save in a single year.

Key information about Canada Gross Savings Rate

• Canada Gross Savings Rate was measured at 25.2% in Sep 2024, compared with 25.2% in the previous quarter.
• Canada Gross Savings Rate is updated quarterly, with data available from Mar 1961 to Sep 2024, and an average rate of 25.2%.
• The data reached an all-time high of 25.2% in Sep 1966 and a record low of 16.3% in Mar 1992.
• CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. Statistics Canada provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, Canada GDP expanded 2.2% YoY in Mar 2023.
• Canada Nominal GDP reached 520,294.6 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 1.4% in Mar 2023.
• Canada GDP Per Capita reached 54,090.1 USD in Jun 2022.

The saving rate of Canadian households increased considerably during the start of the COVID-19 pandemic in 2020. As of the second quarter of 2020, the saving rate of households in Canada peaked at **** percent. By the second quarter of 2025, Canadian households saved on average *****percent of their disposable income.

Quarterly current and capital accounts for the household sector, including property income, disposable income, net saving and net lending, Canada.

Gross domestic savings (% of GDP) in Canada was reported at 23.04 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - Gross domestic savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

View quarterly updates and historical trends for Canada National Saving Rate. Source: Statistics Canada. Track economic data with YCharts analytics.

The average value of net savings per household in Canada increased by *** dollars (+**** percent) since the previous year. In total, the average value amounted to ***** dollars in 2023. This increase was preceded by a declining average value.

View quarterly updates and historical trends for Canada Households Saving Rate. Source: Statistics Canada. Track economic data with YCharts analytics.

Geography (14 items: Canada; Newfoundland and Labrador; Prince Edward Island; Nova Scotia; ...);  Statistics (4 items: Value; Distribution of value; Value per household; Value per consumption unit);  Characteristics (1 item: All households);  Income, consumption and savings (23 items: Household disposable income; Compensation of employees; Net mixed income; Property income received; ...).

Gross savings (% of GDP) in Canada was reported at 21.39 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - Gross savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

The value of net savings per capita in Canada increased by *** dollars (+**** percent) since the previous year. In total, the value per capita amounted to ***** dollars in 2023. This increase was preceded by a declining value per capita.

Household contributions to registered savings accounts by selected household characteristics.

Canada CA: Savings Rate data was reported at 0.050 % pa in 2017. This stayed constant from the previous number of 0.050 % pa for 2016. Canada CA: Savings Rate data is updated yearly, averaging 2.271 % pa from Dec 1967 (Median) to 2017, with 51 observations. The data reached an all-time high of 15.417 % pa in 1981 and a record low of 0.030 % pa in 2015. Canada CA: Savings Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Canada – Table CA.IMF.IFS: Lending, Saving and Deposit Rates: Annual.

Gross domestic savings (current US$) in Canada was reported at 516444266538 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - Gross domestic savings - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Canada: Savings as percent of GDP: The latest value from 2024 is 21.39 percent, a decline from 21.94 percent in 2023. In comparison, the world average is 22.88 percent, based on data from 84 countries. Historically, the average for Canada from 1961 to 2024 is 21.06 percent. The minimum value, 14.06 percent, was reached in 1992 while the maximum of 24.62 percent was recorded in 2006.

Household income, consumption and saving and their subcomponents, distributions, dollar values and dollar value per household, by household characteristics such as income quintile, age, housing tenure and composition, Canada, 2020 quarter one to current quarter.

Canada CA: Adjusted Savings: Net National Savings data was reported at 130.075 USD bn in 2021. This records an increase from the previous number of 18.726 USD bn for 2020. Canada CA: Adjusted Savings: Net National Savings data is updated yearly, averaging 24.676 USD bn from Dec 1970 (Median) to 2021, with 52 observations. The data reached an all-time high of 139.161 USD bn in 2007 and a record low of -8.201 USD bn in 1992. Canada CA: Adjusted Savings: Net National Savings data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Canada – Table CA.World Bank.WDI: Gross Domestic Product: Nominal. Net national savings are equal to gross national savings less the value of consumption of fixed capital.;World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).;;

Gross savings (current US$) in Canada was reported at 479455297956 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Canada - Gross savings - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.

During the year 2020, household average net savings in Canada peaked in the second quarter for each income group. Compared to the other groups, households ranked in the highest income quintile displayed considerably higher average net savings during the coronavirus (COVID-19) pandemic. As of the second quarter of 2020, households belonging to this income group reported on average net savings for ****** Canadian dollars.