Household Saving Rate in Italy decreased to 9.20 percent in the third quarter of 2024 from 10 percent in the second quarter of 2024. This dataset provides the latest reported value for - Italy Personal Savings - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The households' saving rate is the ratio between the gross saving and the adjusted gross disposable income. Favorable economic conditions encourage higher spending, leading to a consequent drop in the savings rates. Between 2016 and 2023, the saving rate of Italian households stood stable at about ten percent. However, in 2020 it reached 17.4 percent due to an uncertain economic situation brought in by the COVID-19 pandemic, leading to a more precautionary behavior among consumers, that resulted in a higher saving rate. From 2024 on, the saving rate is forecasted to reach twelve percent of the adjusted gross disposable income.

Key information about Italy Gross Savings Rate

• Italy Gross Savings Rate was measured at 25.0% in Dec 2024, compared with 25.0% in the previous quarter.
• Italy Gross Savings Rate is updated quarterly, with data available from Mar 1995 to Dec 2024, and an average rate of 25.0%.
• The data reached an all-time high of 25.0% in Dec 1995 and a record low of 16.5% in Mar 2013.
• 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. Italian National Institute of Statistics provides Final Consumption Expenditure in EUR and Nominal GDP in EUR.
• In the latest reports, Italy GDP expanded 1.9% YoY in Mar 2023.
• Italy Nominal GDP reached 538,664.9 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 5.7% in Mar 2023.
• Italy GDP Per Capita reached 35,643.1 USD in Dec 2021.

Italian households saved roughly nine percent of their disposable income in the third quarter of 2024. That rate peaked during the first year of the pandemic, coinciding with the measures to contain the spread of the COVID-19 virus. The gross savings rate in Spain also reached its highest value during that period.

The net saving of households and non-profit institutions serving households (NPISHs) in Italy decreased to 0.29 percent of household and NPISH net disposable income since the previous year. Therefore, the net saving in Italy saw its lowest number in that year with 0.29 percent of household and NPISH net disposable income. Find more key insights for the net saving of households and non-profit institutions serving households (NPISHs) in countries like Denmark, France, and Spain.

This statistic displays the average household saving rate in Italy from 2010 to 2016. According to the data, the household saving rate decreased over the period considered, falling to 10.48 percent of the household income that consumers saved rather than spent on goods and services.

Italy IT: Government Gross Savings: % of GDP data was reported at 1.898 % in Sep 2024. This records an increase from the previous number of 1.802 % for Jun 2024. Italy IT: Government Gross Savings: % of GDP data is updated quarterly, averaging 1.090 % from Mar 1999 (Median) to Sep 2024, with 103 observations. The data reached an all-time high of 6.792 % in Dec 2007 and a record low of -7.538 % in Jun 2020. Italy IT: Government Gross Savings: % of GDP data remains active status in CEIC and is reported by European Central Bank. The data is categorized under Global Database’s Italy – Table IT.ECB: Government Gross Savings: Percentage of GDP.

Between 2012 and 2024, German households have had the highest saving rates of the major economies in the European Union (EU-27). While the gross savings of German households amounted to over 20 percent of their disposable income in the first three quarters of 2024, that percentage just reached 12.4 percent in Italy.

Key information about Italy GDP Per Capita

• Italy Gross Domestic Product (GDP) per Capita reached 35,643.132 USD in Dec 2021, compared with 31,840.913 USD in Dec 2020.
• Italy GDP Per Capita data is updated yearly, available from Dec 1957 to Dec 2021, with an average number of 15,796.711 USD.
• The data reached an all-time high of 40,453.834 USD in Dec 2008 and a record low of 569.934 in Dec 1957.
• CEIC converts annual GDP per Capita into USD. Italian National Institute of Statistics provides GDP per Capita in EUR based on ESA 2010. Federal Reserve Board average market exchange rate is used for currency conversions. GDP per Capita prior to 1995 is based on ESA 1995. GDP per Capita prior to 1982 calculated from Nominal GDP and Population sourced from the International Monetary Fund.

Related information about Italy GDP Per Capita data

• In the latest reports, Italy GDP expanded 2.592 % YoY in Sep 2022.
• Italy Nominal GDP reached 476.259 USD bn in Sep 2022.
• Its GDP deflator (implicit price deflator) increased 1.664 % in Sep 2022.
• Gross Savings Rate of Italy was measured at 19.001 % in Sep 2022.

Italy IT: Deposit Rate: Corporations: New Business: Up to 1 Year data was reported at 0.667 % pa in 2017. This records a decrease from the previous number of 1.082 % pa for 2016. Italy IT: Deposit Rate: Corporations: New Business: Up to 1 Year data is updated yearly, averaging 1.748 % pa from Dec 2003 (Median) to 2017, with 15 observations. The data reached an all-time high of 4.287 % pa in 2008 and a record low of 0.667 % pa in 2017. Italy IT: Deposit Rate: Corporations: New Business: Up to 1 Year data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Italy – Table IT.IMF.IFS: Lending, Saving and Deposit Rates: Annual.

Italy IT: Deposit Rate: Corporations: New Business: Up to 1 Year data was reported at 0.423 % pa in Jun 2018. This records an increase from the previous number of 0.323 % pa for Mar 2018. Italy IT: Deposit Rate: Corporations: New Business: Up to 1 Year data is updated quarterly, averaging 1.795 % pa from Mar 2003 (Median) to Jun 2018, with 62 observations. The data reached an all-time high of 4.753 % pa in Sep 2008 and a record low of 0.323 % pa in Mar 2018. Italy IT: Deposit Rate: Corporations: New Business: Up to 1 Year data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Italy – Table IT.IMF.IFS: Lending, Saving and Deposit Rates: Quarterly.

Key information about Italy Public Consumption: % of GDP

• Italy Public Consumption accounted for 20.6 % of its Nominal GDP in Dec 2024, compared with a share of 16.8 % in the previous quarter.
• Italy Public Consumption share of Nominal GDP ratio is updated quarterly, available from Mar 1980 to Dec 2024, with an average number of 18.8 %.
• The data reached an all-time high of 23.6 % in Dec 1990 and a record low of 15.9 % in Sep 1995.

CEIC calculates Government Consumption as % of Nominal GDP from quarterly Government Consumption Expenditure and quarterly Nominal GDP. Italian National Institute of Statistics provides Government Consumption Expenditure in EUR and Nominal GDP in EUR, based on ESA 2010. Government Consumption Expenditure prior to Q1 1995 includes NPISHs Consumption. Government Consumption as % of Nominal GDP prior to Q1 1995 is based ESA 1995 and in accordance to SIC 2007, and prior to Q1 1990 is based on ESA 1995 only.


Related information about Italy Public Consumption: % of GDP

• In the latest reports, Italy GDP expanded 1.9 % YoY in Mar 2023.
• Italy Nominal GDP reached 538.7 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 5.7 % in Mar 2023.
• Italy GDP Per Capita reached 35,643.1 USD in Dec 2021.
• Its Gross Savings Rate was measured at 25.0 % in Dec 2024.
• For Nominal GDP contributions, Investment accounted for 19.5 % in Mar 2023.
• Private Consumption accounted for 62.0 % in Mar 2023.

The net saving of households and non-profit institutions serving households (NPISHs) in France decreased by 1.9 percent of household and NPISH net disposable income (-14.55 percent) in 2022 in comparison to the previous year. Nevertheless, the last two years in this industry recorded a significant higher net saving than the preceding years.Find more key insights for the net saving of households and non-profit institutions serving households (NPISHs) in countries like Denmark, Italy, and Spain.

Italiens Bruttosparquote belief sich im 2024-12 auf 25.0 %. Dies stellt einen Anstieg im Vergleich zu den vorherigen Zahlen von 24.3 % für 2024-09 dar. Italiens Bruttosparquote werden vierteljährlich aktualisiert, mit einem Durchschnitt von 21.3 % von 1995-03 bis 2024-12, mit 120 Beobachtungen. Die Daten erreichten ein Allzeithoch in Höhe von 26.3 % im 1995-12 und ein Rekordtief in Höhe von 16.5 % im 2013-03. Italiens Bruttosparquote Daten behalten den Aktiv-Status in CEIC und werden von CEIC Data gemeldet. Die Daten werden unter World Trend Pluss Global Economic Monitor – Table: Gross Savings Rate: Quarterly kategorisiert.

Between 2019 and 2023, most Italians did not invest their savings, but preferred to keep them liquid instead. That percentage has fluctuated slightly, but has remained slightly over 61 percent throughout that whole period. On the other hand, roughly 36 percent of respondents answered that they did invest their savings.

Italy IT: Deposit Rate: Corporations: Stocks: Up to 2 Years data was reported at 0.433 % pa in Jun 2018. This records a decrease from the previous number of 0.437 % pa for Mar 2018. Italy IT: Deposit Rate: Corporations: Stocks: Up to 2 Years data is updated quarterly, averaging 2.027 % pa from Mar 2003 (Median) to Jun 2018, with 62 observations. The data reached an all-time high of 4.807 % pa in Sep 2008 and a record low of 0.433 % pa in Jun 2018. Italy IT: Deposit Rate: Corporations: Stocks: Up to 2 Years data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Italy – Table IT.IMF.IFS: Lending, Saving and Deposit Rates: Quarterly.

In 2022, the net saving of households and non-profit institutions serving households (NPISHs) in France decreased by 1.9 percent of household and NPISH net disposable income (-14.55 percent) since 2021. Nevertheless, the last two years in this industry recorded a significant higher net saving than the preceding years.Find more key insights for the net saving of households and non-profit institutions serving households (NPISHs) in countries like Denmark and Italy.

Italy IT: Lending Rate: Corporations: New Business: Over Euro 1 Million data was reported at 1.231 % pa in 2016. This records a decrease from the previous number of 1.627 % pa for 2015. Italy IT: Lending Rate: Corporations: New Business: Over Euro 1 Million data is updated yearly, averaging 2.928 % pa from Dec 2003 (Median) to 2016, with 14 observations. The data reached an all-time high of 5.115 % pa in 2008 and a record low of 1.231 % pa in 2016. Italy IT: Lending Rate: Corporations: New Business: Over Euro 1 Million data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Italy – Table IT.IMF.IFS: Lending, Saving and Deposit Rates: Annual.

Italy IT: Lending Rate data was reported at 3.001 % pa in 2017. This records a decrease from the previous number of 3.496 % pa for 2016. Italy IT: Lending Rate data is updated yearly, averaging 6.346 % pa from Dec 1989 (Median) to 2017, with 29 observations. The data reached an all-time high of 16.524 % pa in 1992 and a record low of 3.001 % pa in 2017. Italy IT: Lending Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Italy – Table IT.IMF.IFS: Lending, Saving and Deposit Rates: Annual.

In 2022, the savings of households in Switzerland represented over 19 percent of their disposable income. In contrast, households in South Africa and Italy amounted to 0.2 and 1.82 percent of their disposable income, respectively. Poland and Portugal had negative figures, which means that the final consumption of the households of that country was higher than their net disposable income.