The gross national savings rate in the United Kingdom was forecast to continuously increase between 2024 and 2029 by in total 0.5 percentage points. The savings rate is estimated to amount to 14.81 percent in 2029. The savings rate here refers to the gross domestic saving by the state, private households, and corporations and is shown as a percentage of total gross domestic product (GDP).The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in more than 150 countries and regions worldwide. All input data are sourced from international institutions, national statistical offices, and trade associations. All data has been are processed to generate comparable datasets (see supplementary notes under details for more information).

Household Saving Rate in the United Kingdom decreased to 10.90 percent in the first quarter of 2025 from 12 percent in the fourth quarter of 2024. This dataset provides - United Kingdom Households Saving Ratio - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about UK Gross Savings Rate

• UK Gross Savings Rate was measured at 16.4% in Sep 2024, compared with 16.4% in the previous quarter.
• UK Gross Savings Rate is updated quarterly, with data available from Mar 1955 to Sep 2024, and an average rate of 16.4%.
• The data reached an all-time high of 16.4% in Mar 1973 and a record low of 12.7% in Jun 2009.
• 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 Expenditure. Office for National Statistics provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, UK GDP expanded 0.2% YoY in Mar 2023.
• UK Nominal GDP reached 786,411.4 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 6.6% in Dec 2022.
• UK GDP Per Capita reached 45,308.8 USD in Dec 2022.

In 2025, households from the United Kingdom (UK) are expected to save over **** percent of their disposable incomes. This savings rate fluctuated significantly since 2007, with the lowest figures recorded in 2018 at **** percent. In 2020, due to the coronavirus (COVID-19) outbreak and resulting lockdowns, savings rates spiked across the world. In the UK, savings rate reached roughly ** percent that year, more than ***** times higher than in the previous year.

The values of any financial assets held including both formal investments, such as bank or building society current or saving accounts, investment vehicles such as Individual Savings Accounts, endowments, stocks and shares, and informal savings.

The savings rate of households in the United Kingdom (UK) fell slightly in the third quarter of 2024. That came after a period of rising household savings that peaked in the second quarter of 2024, when they amounted to 10.3 percent of their desposable income.

As of June 2022, 82 percent of people in the United Kingdom advised that they had turned their lights off in an attempt to save money due to the cost of living crisis. Other actions taken include turning electrical goods on standby (70 percent), and eaten out less than usual (64 percent).

United Kingdom UK: Adjusted Savings: Net National Savings: % of GNI data was reported at -1.426 % in 2016. This records a decrease from the previous number of -1.162 % for 2015. United Kingdom UK: Adjusted Savings: Net National Savings: % of GNI data is updated yearly, averaging 4.026 % from Dec 1970 (Median) to 2016, with 47 observations. The data reached an all-time high of 18.271 % in 1970 and a record low of -2.395 % in 2009. United Kingdom UK: Adjusted Savings: Net National Savings: % of GNI data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s UK – Table UK.World Bank: Gross Domestic Product: Nominal. Net national savings are equal to gross national savings less the value of consumption of fixed capital.; ; World Bank staff estimates based on sources and methods described in 'The Changing Wealth of Nations 2018: Building a Sustainable Future' (Lange et al 2018).; Weighted Average;

As of June 2022, 84 percent of people in the United Kingdom advised that they had spent less on clothes for themselves in an attempt to save money long term due to the cost of living crisis. Other actions taken include travelling less to meet friends, putting off a big purchase, and cutting back on trips in the car all at 72 percent of respondents.

Comparison of first estimates of saving ratio with estimates published a quarter later.

Value of pension pots already accrued that are not state basic retirement or state earning-related: occupational pensions, personal pensions, retained rights in previous pensions and pensions in payment. Also attitudinal data on individuals’ attitudes towards saving for retirement.

Over a quarter of households in the United Kingdom (UK) had less than 1,500 British pounds in savings and investments in the financial year of 2021/22. Meanwhile, a fifth of all households had at least 30,000 British pounds saved up, a percentage that has not changed since 2020/21. In 2021/22, Northern Ireland was one of the regions in the United Kingdom with the lowest ownership rate of ISAs and other savings accounts.

Annual and quarterly data on the impact of removing "imputed" transactions from real household disposable income and the saving ratio to better represent the economic experience of UK households.

Household gross saving rate in the United Kingdom spiked during the second quarter of 2020, reaching 25.9 percent, nearly three times as high as in the first quarter of the year. This unprecedented increase is due to the coronavirus (COVID-19) outbreak and the resulting widespread lockdown and temporary business closures. a similar increase can be seen during the second generalized lockdown implemented during the first quarter of 2021.

The savings of households in the United Kingdom as a share of their income has been increasing between 2022 and 2024. In the third quarter of 2024, UK households saved, on average, **** percent of their income. That was, nevertheless, much lower than the savings ratio reached as of the second quarter of 2020, when it peaked at **** percent. The highest value recorded throughout the period.