Households' savings rate

Updated: 15 Mar 2019
Next update: 20 Jun 2019

The household savings rate is the difference between household net disposable income (including adjustment for the change in net equity of households in pension funds reserves) and household consumption expenditure. The household savings rate is the ratio of savings to net disposable income. If the savings rate is negative, then households have spent more than they have earned. If the savings rate is positive, then households have not spent all their income, but also put some money aside.

During times of economic depression and recession the household savings rate tends to rise because households are more cautious in their consumption and they are keen to pay off some of the debt they have accumulated during the period of upturn. The household savings rate gives no indication of household debt.

The figures for household savings rate are produced three times a year. The data for each year are updated for a period of about two years after the end of the statistical year as well as in time series examinations, which are conducted less frequently. Data are also produced quarterly.


Households’ savings ratio turned positive

Wages and salaries received by households grew in nominal terms by 4.6 per cent. Households’ consumption expenditure increased by three per cent and households’ saving turned EUR 0.7 billion positive (EUR -1.1 billion in 2017). The savings ratio was 0.6 per cent.