Household Saving Rate in Australia decreased to 4.20 percent in the second quarter of 2025 from 5.20 percent in the first quarter of 2025. This dataset provides - Australia Households Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross domestic savings (% of GDP) in Australia was reported at 26.52 % in 2024, 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 September of 2025.

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.

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

Australia Savings Rate data was reported at 1.863 % pa in 2019. This records a decrease from the previous number of 2.075 % pa for 2018. Australia Savings Rate data is updated yearly, averaging 3.202 % pa from Dec 2002 (Median) to 2019, with 18 observations. The data reached an all-time high of 5.112 % pa in 2011 and a record low of 1.863 % pa in 2019. Australia Savings Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Australia – Table AU.IMF.IFS: Lending, Saving and Deposit Rates: Annual.

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.

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 September of 2025.

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.

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

The average for 2022 based on 9 countries was 52.13 billion U.S. dollars. The highest value was in Australia: 424.39 billion U.S. dollars and the lowest value was in Palau: 0.02 billion U.S. dollars. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

Gross savings (current US$) in Australia was reported at 405384081338 USD in 2024, 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 September of 2025.

In 2019, the deposit interest rate in Australia stood at **** percent. Between 1981 and 2019, the figure dropped by ***** percentage points, though the decline followed an uneven course rather than a steady trajectory.

Graph and download economic data for People 15 Years and Over Saving at a Financial Institution in the Past Year for Australia (DDAI06AUA156NWDB) from 2011 to 2021 about adult, finance companies, savings, companies, Australia, finance, and financial.

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 September of 2025.

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.

A survey conducted in 2022 among Australian grocery shoppers revealed that the top money saving strategy adopted by consumers was searching for deals and specials, with around ** percent of respondents doing so. Switching between different supermarkets to buy certain products was also a popular way for shoppers to reduce their grocery bill.

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.

A 2017 estimate of the savings for individuals attributed to myGov indicated that people in Australia would save a collective total of **** 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 ** million Australian dollars annually would be saved by digitalizing ATO services.

In a survey conducted in Australia in August 2022, almost ** percent of households with a household income between ** and ** 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 ** thousand Australian dollars had used their savings to combat increasing living costs.

In a survey conducted in Australia in 2022, respondents from the Australian Capital Territory reported that they could survive an average of *** 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 *** days.