Ireland: household gross savings rate

Irish households saved almost a fifth of their disposable income in the third quarter of 2021, which is still a slight drop in comparison to first half of that year. Ireland has generally had high gross saving rates, which have fluctuated between seven and 36 percent. In the second quarter of 2020, the household gross savings rate peaked at 35.12 percent. This figure was by far the largest across the period of time considered.

Household gross savings as a share of disposable income in Ireland from 1st quarter 2007 to 3rd quarter 2021

Characteristic	Household gross savings rate
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Release date

February 2022

More information

Region

Ireland

Survey time period

Q1 2007 to Q3 2021

Supplementary notes

The source added the following information "Saving can be calculated on a gross or a net basis depending on the definition of household disposable income that is used. Gross disposable income is calculated before the deduction of depreciation (consumption of fixed capital in national accounts terms), while net disposable income is calculated by deducting depreciation from gross disposable income.
The household gross savings rate is calculated as the ratio of household gross savings to household gross disposable income plus the change in pension entitlements. The rates vary considerably across countries because of institutional, demographic, and socio-economic differences. For example, the government provision of old-age pensions or demographic age structure of the population will influence the rate at which populations save.'

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