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.

Despite some exceptions, the household savings rate during the COVID-19 pandemic was quite high in most of the countries considered. As of 2020, the saving rate of households in Switzerland was the highest among the selected countries (**** percent). Ireland followed in the list, with a saving rate of **** percent.

The average for 2023 based on 140 countries was 23.02 percent. The highest value was in Macao: 46.87 percent and the lowest value was in Lebanon: -11.82 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

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.

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.

Key information about Japan Gross Savings Rate

• Japan Gross Savings Rate was measured at 28.8% in Mar 2022, compared with 28.8% in the previous quarter.
• Japan Gross Savings Rate is updated quarterly, with data available from Mar 1980 to Mar 2022, and an average rate of 28.8%.
• The data reached an all-time high of 28.8% in Mar 1992 and a record low of 22.9% in Mar 2014.
• CEIC calculates quarterly Gross National Savings Rate from quarterly Gross Savings and quarterly Gross National Income. Economic and Social Research Institute provides Gross Savings in local currency and Gross National Income in local currency, based on SNA 2008 with benchmark year 2015. Gross National Savings Rate prior to Q1 1994 is based on SNA 1993 with benchmark year 2000.
• In the latest reports, Japan GDP expanded 1.8% YoY in Mar 2023.
• Japan Nominal GDP reached 1,080,149.8 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 1.7% in Mar 2023.
• Japan GDP Per Capita reached 33,906.0 USD in Dec 2022.

Corresponds to the gross saving of households (including non-profit institutions serving households) divided by gross disposable income (the latter adjusted for the net change in pension entitlements), expressed as a percentage. Gross saving is the part of the gross disposable income which is not spent as final consumption expenditure.

Among the ten largest economies worldwide, China was by far the one with the highest savings rate in 2023. Meanwhile, gross savings in the United States amounted to ***** percent of its gross domestic product (GDP) in 2024. Within this group of countries, the United Kingdom was the one with the lowest savings rate at nearly ***** percent in 2024. The rest of the countries in the list saved between ** and ** of their GDP.

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.

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.

Euro Area - Household saving rate was 15.40% in June of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - Household saving rate - last updated from the EUROSTAT on October of 2025. Historically, Euro Area - Household saving rate reached a record high of 25.39% in June of 2020 and a record low of 12.96% in June of 2022.

Income, consumption and wealth (ICW) statistics are experimental statistics computed by Eurostat through the statistical matching of three data sources: the EU Statistics on Income and Living Conditions (EU-SILC), the Household Budget Survey (HBS) and the Household Finance and Consumption Survey (HFCS). These statistics enable us to observe at the same time the income that households receive, their expenditures and their accumulated wealth.

The annual collection of EU-SILC was launched in 2003 and is governed by Regulation 1700/2019 (previously: Regulation 1177/2003) of the European Parliament and of the Council. The EU-SILC collects cross-sectional and longitudinal information on income. HBS is a survey conducted every 5 years on the basis of an agreement between Eurostat, the Member States and EFTA countries. Data are collected using national questionnaires and, in most cases, expenditure diaries that respondents are asked to keep over a certain period of time. HFCS collects information on assets, liabilities, and to a limited extent income and consumption, of households. The survey is run by National Central Banks and coordinated by the European Central Bank.

This page focuses on the main issues of importance for the use and interpretation of ICW statistics. Information on the primary data sources can be found on the respective EU-SILC and HBS metadata pages and following the links provided in the sections 'related metadata' and 'annexes' below.

Experimental ICW statistics cover six topics: household economic resources, affordability of essential services, saving rates, poverty, household characteristics and taxation. Each topic contains several indicators with a number of different breakdowns, mainly by income quantile, by the age group of the household reference person, by household type, by the educational attainment level of the reference person, by the activity status of the reference person and by the degree of urbanization of the household. The indicators provide information on the joint distribution of income, consumption and wealth and the links between these three economic dimensions. They help to describe households' economic vulnerability and material well-being. They also help to explain the dynamics of wealth inequalities.

All indicators are to be understood to describe households, not persons. Breakdowns by age group, educational attainment level and activity status refer to the household reference person, which is the person with the highest income. The only exception are the tables icw_pov_01, icw_pov_10, icw_pov_11 and icw_pov_12 for which the income, consumption and wealth of households have been equivalised such that equal shares were attributed to each household member. Values in tables icw_aff are calculated for households reporting non-zero values only.

Note on table icw _res_01 and icw_res_02: The indicator “Households” [HH] in icw_res_01 shows the share of households in the selection, which hold the corresponding shares of total disposable income [INC_DISP], consumption expenditure [EXPN_CONS] and net wealth [WLTH_NET] of the entire population. In theory, turning two of the three dimensions [quant_inc, quant_expn, quant_wlth] to TOTAL and the third one to any quintile, should result into a share of 20% of households. Nevertheless, this share is often below or above 20% of the total population of households in the country. The reason for this is that our figures are based on sample surveys. This means that the share of households corresponds indeed to 20% of households in the sample, however when we multiply each household of the sample with its sampling weight, the resulting shares of households in the total population differ from the 20%. If, for example, we disregard the income and wealth of households in our sample, the first consumption quintile contains the 20% of households with lowest consumption in the sample. However, multiplying this selection of households with their corresponding sampling weights may result into a different share of the total population. The “Households” [HH] indicator indicates the real share of households in the population that make up the theoretical quintile.

This statistic shows the household saving rate of ** selected OECD countries in 2015. In 2015, Switzerland had a household saving rate of ***** percent while Denmark had a household savings rate of ***** percent.

The average for 2023 based on 7 countries was 22.45 percent. The highest value was in Japan: 29.98 percent and the lowest value was in the United Kingdom: 15.06 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

In 2019, the household savings rates in these selected developed countries ranged from *** percent of disposable income in Finland to **** percent in Switzerland. In 2020, the coronavirus (COVID-19) outbreak and lockdowns implemented by governments led to an increase in the savings rate worldwide, due to reduced consumption expenditure. Why do people save? Savings behavior differs from country, as shown in this statistic. In the United States, most people save for unexpected expenses or retirement. In countries such as Finland, the savings rate may be lower because retirees can rely on generous pension funds. Other reasons that households save include vacation, educational expenses, and home purchase. Factors that affect saving High inflation leads to lower household savings. The projected increase in prices means that people would rather buy immediately, because saving and buying later means paying a higher price. As such, countries with an inflation rate are less likely to have a high savings rate. Other factors include a cultural disposition towards saving mechanisms, such as the emphasis on home ownership seen in the United States.

Key information about US Gross Savings Rate

• US Gross Savings Rate was measured at 17.8% in Dec 2022, compared with 17.8% in the previous quarter.
• US Gross Savings Rate is updated quarterly, with data available from Mar 1947 to Dec 2022, and an average rate of 17.8%.
• The data reached an all-time high of 17.8% in Mar 1965 and a record low of 13.3% in Sep 2009.
• The Bureau of Economic Analysis provides quarterly Gross National Savings Rate.
• In the latest reports, US GDP expanded 0.9% YoY in Dec 2022.
• US Nominal GDP reached 6,534,498.0 USD mn in Dec 2022. Its GDP deflator (implicit price deflator) increased 6.4% in Dec 2022.
• US GDP Per Capita reached 59,484.0 USD in Dec 2017.

Ireland - Household saving rate was 13.45% in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Ireland - Household saving rate - last updated from the EUROSTAT on October of 2025. Historically, Ireland - Household saving rate reached a record high of 32.53% in June of 2020 and a record low of 10.55% in September of 2019.

Poland - Household saving rate was 9.97% in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Poland - Household saving rate - last updated from the EUROSTAT on October of 2025. Historically, Poland - Household saving rate reached a record high of 21.10% in June of 2020 and a record low of -0.04% in March of 2022.

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.

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