Household Saving Rate in Australia increased to 5.20 percent in the first quarter of 2025 from 3.90 percent in the fourth quarter of 2024. This dataset provides - Australia Households Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Australia Gross Savings Rate

• Australia Gross Savings Rate was measured at 29.6% in Dec 2022, compared with 29.6% in the previous quarter.
• Australia Gross Savings Rate is updated quarterly, with data available from Sep 1959 to Dec 2022, and an average rate of 29.6%.
• The data reached an all-time high of 29.6% in Dec 1973 and a record low of 18.5% in Mar 1983.
• 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. The Australian Bureau of Statistics provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, Australia GDP expanded 2.7% YoY in Dec 2022.
• Australia Nominal GDP reached 414,682.2 USD mn in Dec 2022. Its GDP deflator (implicit price deflator) increased 9.1% in Dec 2022.
• Australia GDP Per Capita reached 65,005.8 USD in Jun 2022.

Gross domestic savings (% of GDP) in Australia was reported at 28.35 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Gross domestic savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

In a survey conducted in Australia in 2024, respondents from Gen Z had an average cash savings balance of around 12 thousand Australian dollars. Baby Boomer respondents had the highest average cash savings balance of around 48 thousand dollars.

Household Income: sa: Gross: Primary Income Receivable: Gross Mixed Income data was reported at 42,501.000 AUD mn in Dec 2024. This records an increase from the previous number of 42,396.000 AUD mn for Sep 2024. Household Income: sa: Gross: Primary Income Receivable: Gross Mixed Income data is updated quarterly, averaging 10,231.500 AUD mn from Sep 1959 (Median) to Dec 2024, with 262 observations. The data reached an all-time high of 49,349.000 AUD mn in Sep 2020 and a record low of 945.000 AUD mn in Dec 1961. Household Income: sa: Gross: Primary Income Receivable: Gross Mixed Income data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A289: SNA08: Household Saving Ratio and Household Income: Seasonally Adjusted.

In a survey conducted among Australian consumers in January 2025, around ** percent of respondents indicated cutting back on non-essentials was a key method they employed to save money on groceries. Almost ** percent of those surveyed said they had switched to cheaper brands to make savings.

This dataset provides information on 34 in Australia as of May, 2025. It includes details such as email addresses (where publicly available), phone numbers (where publicly available), and geocoded addresses. Explore market trends, identify potential business partners, and gain valuable insights into the industry. Download a complimentary sample of 10 records to see what's included.

Adjusted savings: net national savings (% of GNI) in Australia was reported at 8.7539 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Adjusted savings: net national savings (% of GNI) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Gross savings (current US$) in Australia was reported at 414396088859 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Gross savings - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

The deposit interest rate in Australia declined to 1.56 percent in 2019. Therefore, the deposit interest rate in Australia saw its lowest number in that year with 1.56 percent. Notably, the deposit interest rate is continuously decreasing over the last years.Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits.Find more statistics on other topics about Australia with key insights such as real interest rate, market capitalization of listed domestic companies as a share of GDP, and market capitalization of listed domestic companies.

In a survey conducted in Australia in 2022, respondents from the Australian Capital Territory had an average cash savings balance of around 39 thousand Australian dollars. Respondents from the Northern Territory had the lowest average cash savings balances of around 14 thousand dollars.

Australia Household Saving Ratio: Trend data was reported at 5.800 % in Mar 2019. This records an increase from the previous number of 5.500 % for Dec 2018. Australia Household Saving Ratio: Trend data is updated quarterly, averaging 6.600 % from Sep 1973 (Median) to Mar 2019, with 183 observations. The data reached an all-time high of 18.800 % in Dec 1973 and a record low of -2.100 % in Dec 2002. Australia Household Saving Ratio: Trend data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A288: SNA08: Household Saving Ratio and Household Income: Trend.

This dataset provides values for PERSONAL SAVINGS reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Adjusted savings: net national savings (current US$) in Australia was reported at 134411783154 USD in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Adjusted savings: net national savings - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

A 2017 estimate of the savings for individuals attributed to myGov indicated that people in Australia would save a collective total of 56.7 million Australian dollars a year from dealing with less red tape when engaging with Centrelink, Medicare, and child support services. Estimates also showed that over 30 million Australian dollars annually would be saved by digitalizing ATO services.

Gross savings (% of GNI) in Australia was reported at 25.06 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Gross savings (% of GNI) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

In a survey conducted in Australia in 2022, respondents from the Australian Capital Territory reported that they could survive an average of 140 days on their current savings if they lost their jobs the following day. Those living in the Northern Territory reported that they could survive around 106 days.

In a survey conducted in Australia in August 2022, almost 60 percent of households with a household income between 50 and 90 thousand Australian dollars had bought cheaper food options to deal with the higher cost of living. Almost one third of households with a household income of over 90 thousand Australian dollars had used their savings to combat increasing living costs.

Household Income: sa: Gross: Primary Income Receivable: Property Income Receivable data was reported at 71,474.000 AUD mn in Dec 2024. This records an increase from the previous number of 71,295.000 AUD mn for Sep 2024. Household Income: sa: Gross: Primary Income Receivable: Property Income Receivable data is updated quarterly, averaging 10,205.500 AUD mn from Sep 1959 (Median) to Dec 2024, with 262 observations. The data reached an all-time high of 72,491.000 AUD mn in Jun 2024 and a record low of 251.000 AUD mn in Mar 1960. Household Income: sa: Gross: Primary Income Receivable: Property Income Receivable data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A289: SNA08: Household Saving Ratio and Household Income: Seasonally Adjusted.

According to a survey conducted among young people aged 18 to 24 years in Australia in 2023, shares, equities or stocks, superannuation funds, and exchange traded funds were among the most common savings and investment products adopted by young people. The highest share of respondents, around 65 percent, had a savings account.