Household Saving Rate in China decreased to 36.10 percent in 2016 from 37.10 percent in 2015. This dataset provides - China Deposits Interest Rates - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about China Gross Savings Rate

• China Gross Savings Rate was measured at 44.3% in Dec 2023, compared with 44.3% in the previous year.
• China Gross Savings Rate is updated yearly, with data available from Dec 1952 to Dec 2023, and an average rate of 44.3%.
• The data reached an all-time high of 44.3% in Dec 2010 and a record low of 16.5% in Dec 1962.
• CEIC calculates Gross Domestic Savings Rate from annual Gross Domestic Savings and annual Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. The National Bureau of Statistics provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, China GDP expanded 4.5% YoY in Mar 2023.
• China Nominal GDP reached 4,166,759.1 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 0.4% in Mar 2023.
• China GDP Per Capita reached 12,621.7 USD in Dec 2023.

China Household Savings Deposits Rate: Time: 1 Year data was reported at 1.500 % pa in 18 May 2025. This stayed constant from the previous number of 1.500 % pa for 17 May 2025. China Household Savings Deposits Rate: Time: 1 Year data is updated daily, averaging 1.500 % pa from Sep 1988 (Median) to 18 May 2025, with 13409 observations. The data reached an all-time high of 2.250 % pa in 27 Jun 2015 and a record low of 1.500 % pa in 18 May 2025. China Household Savings Deposits Rate: Time: 1 Year data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under High Frequency Database’s Deposit Rates – Table CN.MB: Saving Deposit Rate.

Gross domestic savings (% of GDP) in China was reported at 43.24 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. China - Gross domestic savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

According to a survey about savings behaviors among young people in China in 2022, around **** percent of respondents stated that they saved between ** and ** percent of their monthly income. Meanwhile, around *** percent of respondents said that more than ** percent of their monthly income went to their savings.

China Household Savings Deposits Rate: Demand data was reported at 0.350 % pa in 18 May 2025. This stayed constant from the previous number of 0.350 % pa for 17 May 2025. China Household Savings Deposits Rate: Demand data is updated daily, averaging 0.350 % pa from Sep 1988 (Median) to 18 May 2025, with 13409 observations. The data reached an all-time high of 0.350 % pa in 18 May 2025 and a record low of 0.350 % pa in 18 May 2025. China Household Savings Deposits Rate: Demand data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under High Frequency Database’s Deposit Rates – Table CN.MB: Saving Deposit Rate. [COVID-19-IMPACT]

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.

China Household Savings Deposits Rate: Time: 2 Year data was reported at 2.100 % pa in 18 May 2025. This stayed constant from the previous number of 2.100 % pa for 17 May 2025. China Household Savings Deposits Rate: Time: 2 Year data is updated daily, averaging 2.100 % pa from Sep 1988 (Median) to 18 May 2025, with 13409 observations. The data reached an all-time high of 2.850 % pa in 27 Jun 2015 and a record low of 2.100 % pa in 18 May 2025. China Household Savings Deposits Rate: Time: 2 Year data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under High Frequency Database’s Deposit Rates – Table CN.MB: Saving Deposit Rate.

Key information about Hong Kong SAR (China) Gross Savings Rate

• Hong Kong SAR (China) Gross Savings Rate was measured at 30.2% in Sep 2024, compared with 30.2% in the previous quarter.
• Hong Kong SAR (China) Gross Savings Rate is updated quarterly, with data available from Mar 1999 to Sep 2024, and an average rate of 30.2%.
• The data reached an all-time high of 30.2% in Sep 2006 and a record low of 19.0% in Jun 2023.
• CEIC calculates Gross National Savings Rate from quarterly Gross National Savings and quarterly Gross National Income. Gross National Savings is calculated as Gross National Income less Private and Government Consumption Expenditure plus Net Secondary Income. Census and Statistics Department provides Gross National Income, Private Consumption Expenditure, Government Consumption Expenditure and Secondary Income in local currency.
• In the latest reports, Hong Kong SAR (China) GDP expanded 2.8% YoY in Mar 2023.
• Hong Kong SAR (China) Nominal GDP reached 91,422.6 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 1.9% in Mar 2023.
• Hong Kong SAR (China) GDP Per Capita reached 48,990.8 USD in Dec 2022.

China Household Savings Deposits Rate: Time: 3 Month data was reported at 1.100 % pa in 18 May 2025. This stayed constant from the previous number of 1.100 % pa for 17 May 2025. China Household Savings Deposits Rate: Time: 3 Month data is updated daily, averaging 1.100 % pa from Feb 1989 (Median) to 18 May 2025, with 13256 observations. The data reached an all-time high of 1.850 % pa in 27 Jun 2015 and a record low of 1.100 % pa in 18 May 2025. China Household Savings Deposits Rate: Time: 3 Month data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under High Frequency Database’s Deposit Rates – Table CN.MB: Saving Deposit Rate.

China Deposit: New Increased: Year to Date: Household Saving data was reported at 9,220.000 RMB bn in Mar 2025. This records an increase from the previous number of 6,130.000 RMB bn for Feb 2025. China Deposit: New Increased: Year to Date: Household Saving data is updated monthly, averaging 3,900.000 RMB bn from Dec 2004 (Median) to Mar 2025, with 214 observations. The data reached an all-time high of 17,840.000 RMB bn in Dec 2022 and a record low of 24.900 RMB bn in Jan 2007. China Deposit: New Increased: Year to Date: Household Saving data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under China Premium Database’s Money and Banking – Table CN.KB: Deposit.

China Household Savings Deposits Rate: Time: 3 Year data was reported at 2.750 % pa in 18 May 2025. This stayed constant from the previous number of 2.750 % pa for 17 May 2025. China Household Savings Deposits Rate: Time: 3 Year data is updated daily, averaging 2.750 % pa from Sep 1988 (Median) to 18 May 2025, with 13409 observations. The data reached an all-time high of 3.500 % pa in 27 Jun 2015 and a record low of 2.750 % pa in 18 May 2025. China Household Savings Deposits Rate: Time: 3 Year data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under High Frequency Database’s Deposit Rates – Table CN.MB: Saving Deposit Rate.

China Household Savings Deposits Rate: Time: 6 Month data was reported at 1.300 % pa in 18 May 2025. This stayed constant from the previous number of 1.300 % pa for 17 May 2025. China Household Savings Deposits Rate: Time: 6 Month data is updated daily, averaging 1.300 % pa from Sep 1988 (Median) to 18 May 2025, with 13409 observations. The data reached an all-time high of 2.050 % pa in 27 Jun 2015 and a record low of 1.300 % pa in 18 May 2025. China Household Savings Deposits Rate: Time: 6 Month data remains active status in CEIC and is reported by The People's Bank of China. The data is categorized under High Frequency Database’s Deposit Rates – Table CN.MB: Saving Deposit Rate.

Household Saving Rate in Japan increased to 9.10 percent in the fourth quarter of 2024 from 3.30 percent in the third quarter of 2024. This dataset provides - Japan Workers Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Macau SAR (China) Gross Savings Rate

• Macau SAR (China) Gross Savings Rate was measured at 16.6% in Dec 2022, compared with 16.6% in the previous quarter.
• Macau SAR (China) Gross Savings Rate is updated quarterly, with data available from Mar 2001 to Dec 2022, and an average rate of 16.6%.
• The data reached an all-time high of 16.6% in Mar 2014 and a record low of 4.5% in Jun 2020.
• 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. Final Consumption Expenditure is calculated as the sum of Private and Government Consumption Expenditure. Statistics and Census Service provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, Macau SAR (China) GDP contracted 23.4% YoY in Dec 2022.
• Macau SAR (China) Nominal GDP reached 6,008.2 USD mn in Dec 2022. Its GDP deflator (implicit price deflator) increased 1.2% in Dec 2022.
• Macau SAR (China) GDP Per Capita reached 32,418.3 USD in Dec 2022.

ObjectivesPrevious research has shown that the implementation of personal medical savings accounts in health insurance can impact health utilization and medical cost through enhancing individual responsibility for their own health. The aim of this study was to investigate whether there are differences in various healthcare utilization and out-of-pocket payment ratios between insured individuals with and without personal medical savings accounts in the context of basic medical insurance in China.MethodsA nationally representative cross-sectional data from the China Health and Retirement Longitudinal Study was used to analyze. Seemingly Unrelated Regression analysis was conducted to examine the potential impact of personal medical savings accounts on the utilization rates and self-payment ratios for outpatient services, hospitalization, dental treatment, and physical examinations. Heckman selection model was used as a sensitivity analysis to test the robust of original results.ResultsA total of 15,628 individuals were included in the analysis. Among them, 95.5% were covered by basic medical insurance, while only 12.8% had a personal medical savings account. Possessing a personal medical savings account was significantly associated with increased utilization of dental services (OR: 1.327, 95% CI: 1.05–1.67) and a higher frequency of physical examinations (OR: 2.271, 95% CI: 1.86–2.77). This effect was not significant in outpatient and inpatient health service utilization. Furthermore, having a personal medical savings account was significantly associated with lower out-of-pocket payment ratios across various healthcare services. Specifically, individuals with such accounts experienced a 15.8 percentage point reduction in outpatient services, a 22.1 percentage point reduction in inpatient services, and a 13.4 percentage point reduction in dental services.ConclusionThe study revealed disparities between individuals with and without personal medical savings accounts in China. While these accounts can cover the insurer’s regular medical expenses, their effect on high-cost expenses appears to be limited. These findings suggest that reforms in medical insurance should focus on reducing the gap between insured individuals with and without personal medical savings accounts.

Key information about China Private Consumption: % of GDP

• China Private Consumption accounted for 39.6 % of its Nominal GDP in Dec 2023, compared with a ratio of 37.8 % in the previous year.
• China Private Consumption contribution to Nominal GDP ratio is updated yearly, available from Dec 1952 to Dec 2023, with an average share of 49.3 %.
• The data reached an all-time high of 70.8 % in Dec 1962 and a record low of 34.9 % in Dec 2010.

CEIC calculates Private Consumption as % of Nominal GDP from annual Private Consumption Expenditure and annual Nominal GDP. The National Bureau of Statistics provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about China Private Consumption: % of GDP

• In the latest reports, China GDP expanded 4.5 % YoY in Mar 2023.
• Its Nominal GDP reached 4,166.8 USD bn in Mar 2023.
• China GDP Per Capita reached 12,621.7 USD in Dec 2023.
• Its Gross Savings Rate was measured at 44.3 % in Dec 2023.

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Key information about Hong Kong SAR (China) Private Consumption: % of GDP

• Hong Kong SAR (China) Private Consumption accounted for 66.8 % of its Nominal GDP in Dec 2024, compared with a ratio of 64.2 % in the previous quarter.
• Hong Kong SAR (China) Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1973 to Dec 2024, with an average share of 61.5 %.
• The data reached an all-time high of 75.3 % in Jun 2023 and a record low of 53.0 % in Sep 1989.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Census and Statistics Department provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about Hong Kong SAR (China) Private Consumption: % of GDP

• In the latest reports, Hong Kong SAR (China) GDP expanded 2.8 % YoY in Mar 2023.
• Its Nominal GDP reached 91.4 USD bn in Mar 2023.
• Hong Kong SAR (China) GDP Per Capita reached 48,990.8 USD in Dec 2022.
• Its Gross Savings Rate was measured at 30.2 % in Sep 2024.

Key information about Macau SAR (China) Private Consumption: % of GDP

• Macau SAR (China) Private Consumption accounted for 28.2 % of its Nominal GDP in Dec 2024, compared with a ratio of 28.8 % in the previous quarter.
• Macau SAR (China) Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1998 to Dec 2024, with an average share of 29.0 %.
• The data reached an all-time high of 61.0 % in Jun 2020 and a record low of 18.3 % in Dec 2013.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. Statistics and Census Service provides Private Consumption Expenditure in local currency and Nominal GDP in local currency, based on benchmark year 2015. Private Consumption as % of Nominal GDP prior to Q1 2001 is based on benchmark year 2002.


Related information about Macau SAR (China) Private Consumption: % of GDP

• In the latest reports, Macau SAR (China) GDP expanded 38.8 % YoY in Mar 2023.
• Its Nominal GDP reached 9.3 USD bn in Mar 2023.
• Macau SAR (China) GDP Per Capita reached 32,418.3 USD in Dec 2022.
• Its Gross Savings Rate was measured at 51.1 % in Mar 2023.