Graph and download economic data for Personal Saving Rate (PSAVERT) from Jan 1959 to May 2025 about savings, personal, rate, and USA.

In December 2024, the personal saving rate in the United States amounted to 3.8 percent. That was slightly lower figure than a year earlier. The personal saving rate is calculated as the ratio of personal savings to disposable personal income. Within the topic of personal savings in the U.S., there are different goals and reasons for saving. What are personal savings? Saving refers to strategies of accumulating capital for future use by either not spending a part of one’s income or cutting down on certain costs. Saved money may be preserved as cash, put on a deposit account, or invested in various financial instruments. Investing usually incorporates some level of risk which means that part of the invested money can be gone. An example of a relatively safe investment would be saving bonds, such as the debt securities issued by the U.S. Department of the Treasury. Saving trends in the U.S. and abroad Looking at the personal saving rate in the United States throughout the past decades, it can be observed that savings had been decreasing until the mid-2000s, and they increased after the 2008 financial crisis. Still, the largest savings rates were reached in 2020 and 2021. The reason for that increase in the savings rate that year might be related to the measures to contain the COVID-19 pandemic. The value of personal savings in the United Kingdom has also followed a similar trend. Although events like the COVID-19 pandemic may have affect many countries in a similar way, the ability to save, as well as the average savings as a share of personal income across countries can vary significantly depending on multiple factors affecting each territory.

BEA Account Code: A072RC Personal saving as a percentage of disposable personal income (DPI), frequently referred to as "the personal saving rate," is calculated as the ratio of personal saving to DPI. Personal saving is equal to personal income less personal outlays and personal taxes; it may generally be viewed as the portion of personal income that is used either to provide funds to capital markets or to invest in real assets such as residences.(https://www.bea.gov/national/pdf/all-chapters.pdf) A Guide to the National Income and Product Accounts of the United States (http://www.bea.gov/national/pdf/nipaguid.pdf) (NIPA).

The personal savings rate is calculated as the percentage of personal discretionary income (gross income, fewer taxes and normal living expenses) saved during a given period. Data is sourced from the St. Louis Federal Reserve.

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.

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.

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Private households in Hamburg had a savings rate of around 11.3 percent in 2022. The rate had been increasing steadily since 2013 and peaked in 2020. However, since 2021 the savings ratio has been dropping agian. The savings ratio is calculated from savings as a percentage of private households' disposable income (plus the increase in company pension entitlements).

In 2022, the savings rate private households in Berlin was 12.5 percent. This was a decrease compared to the previous year. Figures fluctuated during the specified time period but peaked in 2020. The savings ratio is calculated from savings as a percentage of private households' disposable income (plus the increase in company pension entitlements).

Key information about Peru Gross Savings Rate

• Peru Gross Savings Rate was measured at 27.3% in Dec 2024, compared with 27.3% in the previous quarter.
• Peru Gross Savings Rate is updated quarterly, with data available from Mar 1990 to Dec 2024, and an average rate of 27.3%.
• The data reached an all-time high of 27.3% in Jun 2006 and a record low of 10.0% in Dec 1998.
• 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 the sum of Public and Private Consumption Expenditure. The Central Reserve Bank of Peru provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, Peru GDP contracted 0.4% YoY in Mar 2023.
• Peru Nominal GDP reached 60,278.3 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 8.0% in Mar 2023.
• Peru GDP Per Capita reached 6,963.3 USD in Jun 2022.

Key information about Vietnam Gross Savings Rate

• Vietnam Gross Savings Rate was measured at 37.2% in Dec 2024, compared with 37.2% in the previous year.
• Vietnam Gross Savings Rate is updated yearly, with data available from Dec 2010 to Dec 2024, and an average rate of 37.2%.
• The data reached an all-time high of 37.2% in Dec 2024 and a record low of 30.0% in Dec 2015.
• 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. General Statistics Office provides Final Consumption Expenditure and Nominal GDP in local currency.
• In the latest reports, Vietnam GDP expanded 13.1% YoY in Dec 2024.
• Vietnam Nominal GDP reached 362,637.3 USD mn in Dec 2021. Its GDP deflator (implicit price deflator) increased 3.9% in Sep 2022.
• Vietnam GDP Per Capita reached 3,716.8 USD in Dec 2021.

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

Key information about Brunei Gross Savings Rate

• Brunei Gross Savings Rate was measured at 60.0% in Sep 2022, compared with 60.0% in the previous quarter.
• Brunei Gross Savings Rate is updated quarterly, with data available from Mar 2004 to Sep 2022, and an average rate of 60.0%.
• The data reached an all-time high of 60.0% in Mar 2012 and a record low of 45.2% in Mar 2021.
• CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings are calculated as Nominal GDP less Final Consumption Expenditure. Final Consumption Expenditure is calculated as the sum of Household and Government Final Consumption Expenditure. The Department of Economic Planning and Statistics, Ministry of Finance and Economy provides Final Consumption Expenditure in local currency and Nominal GDP in local currency. Gross Domestic Savings Rate prior to Q1 2013 is based on SNA 1993.
• In the latest reports, Brunei GDP expanded 0.9% YoY in Sep 2022.
• Brunei Nominal GDP reached 4,130.1 USD mn in Sep 2022. Its GDP deflator (implicit price deflator) increased 22.0% in Sep 2022.
• Brunei GDP Per Capita reached 31,781.3 USD in Dec 2021.

Key information about Turkey Gross Savings Rate

• Turkey Gross Savings Rate was measured at 23.9% in Dec 2024, compared with 23.9% in the previous quarter.
• Turkey Gross Savings Rate is updated quarterly, with data available from Mar 1998 to Dec 2024, and an average rate of 23.9%.
• The data reached an all-time high of 23.9% in Sep 2018 and a record low of 14.8% in Mar 2000.
• 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 Household, NPISHs and Government Consumption Expenditure. Turkish Statistical Institute provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, Turkey GDP expanded 4.0% YoY in Mar 2023.
• Turkey Nominal GDP reached 245,496.5 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 77.3% in Mar 2023.
• Turkey GDP Per Capita reached 15,463.4 USD in Dec 2024.

The gross savings in the Philippines increased by 28.6 billion U.S. dollars (+31.47 percent) in 2023 in comparison to the previous year. The year therefore marks a significant change in the gross savings compared to the previous year. Gross savings are calculated by subtracting the total consumption value from gross national income plus net transfers. Data are in current U.S. dollars.Find more statistics on other topics about the Philippines with key insights such as gross capital formation, charges for the use of intellectual property, and personal remittances received as share of the gross domestic product.

Key information about Iceland Gross Savings Rate

• Iceland Gross Savings Rate was measured at 23.5% in Dec 2024, compared with 23.5% in the previous quarter.
• Iceland Gross Savings Rate is updated quarterly, with data available from Mar 1995 to Dec 2024, and an average rate of 23.5%.
• The data reached an all-time high of 23.5% in Sep 2016 and a record low of 14.8% in Jun 2005.
• CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Private and Government Consumption Expenditure. Statistics Iceland provides Private Consumption Expenditure, Government Consumption Expenditure and Nominal GDP in local currency.
• In the latest reports, Iceland GDP expanded 6.1% YoY in Mar 2023.
• Iceland Nominal GDP reached 7,161.1 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 6.1% in Mar 2023.
• Iceland GDP Per Capita reached 72,684.2 USD in Dec 2022.

The gross savings as a share of the GDP in Singapore decreased by 0.7 percentage points (-1.68 percent) in 2023 in comparison to the previous year. Gross savings are calculated as gross national income minus total consumption, plus net transfers.Find more statistics on other topics about Singapore with key insights such as net trade in goods and services, gross capital formation, and annual growth of gross capital formation.

Key information about Kazakhstan Gross Savings Rate

• Kazakhstan Gross Savings Rate was measured at 44.9% in Sep 2022, compared with 44.9% in the previous quarter.
• Kazakhstan Gross Savings Rate is updated quarterly, with data available from Mar 1994 to Sep 2022, and an average rate of 44.9%.
• The data reached an all-time high of 44.9% in Sep 2008 and a record low of 1.4% in Jun 1994.
• CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Consumption Expenditure. Consumption Expenditure is calculated as the sum of Household including NPISHs and Government Consumption Expenditure. The Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan provides Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, Kazakhstan GDP expanded 2.2% YoY in Sep 2022.
• Kazakhstan Nominal GDP reached 76,997.7 USD mn in Dec 2022. Its GDP deflator (implicit price deflator) increased 17.2% in Dec 2022.
• Kazakhstan GDP Per Capita reached 11,229.0 USD in Dec 2022.

Key information about Israel Gross Savings Rate

• Israel Gross Savings Rate was measured at 27.2% in Dec 2024, compared with 27.2% in the previous quarter.
• Israel Gross Savings Rate is updated quarterly, with data available from Mar 1995 to Dec 2024, and an average rate of 27.2%.
• The data reached an all-time high of 27.2% in Dec 2022 and a record low of 19.5% in Sep 2008.
• 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 Central Bureau of Statistics provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, Israel GDP expanded 4.1% YoY in Mar 2023.
• Israel Nominal GDP reached 126,951.7 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 4.4% in Mar 2023.
• Israel GDP Per Capita reached 54,391.2 USD in Dec 2024.

Key information about Saudi Arabia Gross Savings Rate

• Saudi Arabia Gross Savings Rate was measured at 32.0% in Dec 2024, compared with 32.0% in the previous quarter.
• Saudi Arabia Gross Savings Rate is updated quarterly, with data available from Mar 2003 to Dec 2024, and an average rate of 32.0%.
• The data reached an all-time high of 32.0% in Jun 2008 and a record low of 23.0% in Dec 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 Consumption Expenditure. General Authority for Statistics provides Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, Saudi Arabia GDP contracted 3.7% YoY in Dec 2023.
• Saudi Arabia Nominal GDP reached 267,898.5 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) fell 1.0% in Mar 2023.
• Saudi Arabia GDP Per Capita reached 34,441.1 USD in Dec 2022.