Household Saving Rate in Australia increased to 5.20 percent in the first quarter of 2025 from 3.90 percent in the fourth quarter of 2024. This dataset provides - Australia Households Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Australia Gross Savings Rate

• Australia Gross Savings Rate was measured at 29.6% in Dec 2022, compared with 29.6% in the previous quarter.
• Australia Gross Savings Rate is updated quarterly, with data available from Sep 1959 to Dec 2022, and an average rate of 29.6%.
• The data reached an all-time high of 29.6% in Dec 1973 and a record low of 18.5% in Mar 1983.
• 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 Australian Bureau of Statistics provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
• In the latest reports, Australia GDP expanded 2.7% YoY in Dec 2022.
• Australia Nominal GDP reached 414,682.2 USD mn in Dec 2022. Its GDP deflator (implicit price deflator) increased 9.1% in Dec 2022.
• Australia GDP Per Capita reached 65,005.8 USD in Jun 2022.

Gross domestic savings (% of GDP) in Australia was reported at 26.52 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Australia - Gross domestic savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

Australia Household Saving Ratio: Trend data was reported at 5.800 % in Mar 2019. This records an increase from the previous number of 5.500 % for Dec 2018. Australia Household Saving Ratio: Trend data is updated quarterly, averaging 6.600 % from Sep 1973 (Median) to Mar 2019, with 183 observations. The data reached an all-time high of 18.800 % in Dec 1973 and a record low of -2.100 % in Dec 2002. Australia Household Saving Ratio: Trend data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A288: SNA08: Household Saving Ratio and Household Income: Trend.

Australia Savings Rate data was reported at 1.863 % pa in 2019. This records a decrease from the previous number of 2.075 % pa for 2018. Australia Savings Rate data is updated yearly, averaging 3.202 % pa from Dec 2002 (Median) to 2019, with 18 observations. The data reached an all-time high of 5.112 % pa in 2011 and a record low of 1.863 % pa in 2019. Australia Savings Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Australia – Table AU.IMF.IFS: Lending, Saving and Deposit Rates: Annual.

The deposit interest rate in Australia declined to **** percent in 2019. Therefore, the deposit interest rate in Australia saw its lowest number in that year with **** percent. Notably, the deposit interest rate is continuously decreasing over the last years.Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits.Find more statistics on other topics about Australia with key insights such as real interest rate, market capitalization of listed domestic companies as a share of GDP, and market capitalization of listed domestic companies.

In a survey conducted in Australia in 2024, respondents from Gen Z had an average cash savings balance of around 12 thousand Australian dollars. Baby Boomer respondents had the highest average cash savings balance of around 48 thousand dollars.

Household Income: sa: Gross: Primary Income Receivable: Property Income Receivable data was reported at 71,474.000 AUD mn in Dec 2024. This records an increase from the previous number of 71,295.000 AUD mn for Sep 2024. Household Income: sa: Gross: Primary Income Receivable: Property Income Receivable data is updated quarterly, averaging 10,205.500 AUD mn from Sep 1959 (Median) to Dec 2024, with 262 observations. The data reached an all-time high of 72,491.000 AUD mn in Jun 2024 and a record low of 251.000 AUD mn in Mar 1960. Household Income: sa: Gross: Primary Income Receivable: Property Income Receivable data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A289: SNA08: Household Saving Ratio and Household Income: Seasonally Adjusted.

In a survey conducted in Australia in 2022, respondents from the Australian Capital Territory had an average cash savings balance of around ** thousand Australian dollars. Respondents from the Northern Territory had the lowest average cash savings balances of around ** thousand dollars.

This report analyses Australia's household savings ratio. This is measured by dividing net household savings by gross household disposable income. The ABS and IBISWorld define disposable income as gross income less taxes on income and wealth, interest payments, non-life insurance premiums and other current transfers payable. Household savings measures the flow of savings rather than total savings accrued over time. The data for this report is sourced from the Australian Bureau of Statistics and is measured in financial years.

Deposit Interest Rate in Australia decreased to 2.75 percent in June from 2.80 percent in May of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in Australia.

Australia Household Income: sa: Gross: Secondary Income Receivable: Other Current Transfers: Other Sectors data was reported at 837.000 AUD mn in Dec 2024. This records an increase from the previous number of 705.000 AUD mn for Sep 2024. Australia Household Income: sa: Gross: Secondary Income Receivable: Other Current Transfers: Other Sectors data is updated quarterly, averaging 41.000 AUD mn from Sep 1959 (Median) to Dec 2024, with 262 observations. The data reached an all-time high of 915.000 AUD mn in Sep 2023 and a record low of 0.000 AUD mn in Jun 1967. Australia Household Income: sa: Gross: Secondary Income Receivable: Other Current Transfers: Other Sectors data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A289: SNA08: Household Saving Ratio and Household Income: Seasonally Adjusted.

This report analyses Australia's national saving as a proportion of gross national disposable income (the savings ratio). Total national saving is a combination of saving of households, general government (i.e. all levels of government) and other sectors. The other sectors category is mainly comprised of retained earnings by businesses. Saving is a measure of the flow of savings rather than total savings accrued over time. Therefore, negative savings shows a decrease in assets or an increase in debt, rather than negative net worth. The data for this report is sourced from the Australian Bureau of Statistics and is measured in seasonally adjusted financial years.

In a survey conducted in Australia in August 2022, almost ** percent of households with a household income between ** and ** thousand Australian dollars had bought cheaper food options to deal with the higher cost of living. Almost one third of households with a household income of over ** thousand Australian dollars had used their savings to combat increasing living costs.

According to a survey conducted among young people aged 18 to 24 years in Australia in 2023, shares, equities or stocks, superannuation funds, and exchange traded funds were among the most common savings and investment products adopted by young people. The highest share of respondents, around ** percent, had a savings account.

In a survey conducted in Australia in 2022, respondents from the Australian Capital Territory reported that they could survive an average of 140 days on their current savings if they lost their jobs the following day. Those living in the Northern Territory reported that they could survive around 106 days.

Australia Household Income: Trend: Gross data was reported at 408,367.000 AUD mn in Mar 2019. This records an increase from the previous number of 404,939.000 AUD mn for Dec 2018. Australia Household Income: Trend: Gross data is updated quarterly, averaging 83,272.000 AUD mn from Sep 1959 (Median) to Mar 2019, with 239 observations. The data reached an all-time high of 408,367.000 AUD mn in Mar 2019 and a record low of 3,442.000 AUD mn in Sep 1959. Australia Household Income: Trend: Gross data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A288: SNA08: Household Saving Ratio and Household Income: Trend.

In a survey conducted in Australia in 2021, close to two-thirds of respondents indicated that they are concerned about the cost of living in 2022, while almost half of the respondents were concerned about property prices in 2022. Less than *** percent of respondents indicated having no financial concerns for the year ahead.

In a survey conducted among Australian consumers in January 2025, around ** percent of respondents indicated cutting back on non-essentials was a key method they employed to save money on groceries. Almost ** percent of those surveyed said they had switched to cheaper brands to make savings.

A collection of key statistics about home loans in Australia, including interest rates, loan sizes, refinancing trends, and borrowing activity based on the latest data from the ABS and RBA.