household savings rate in Spain, Portugal's neighbor country, also reached similar levels during the start of the COVID-19 pandemic.
In Portugal, households saved approximately eight percent of their disposable income in the last quarter of 2022. That gross savings rate reached its highest value in the second quarter of 2020 at nearly 19 percent. The Household gross savings as a share of disposable income in Portugal from 1st quarter 2007 to 4th quarter 2022
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Statistics
OECD. (May 10, 2023). Household gross savings as a share of disposable income in Portugal from 1st quarter 2007 to 4th quarter 2022 [Graph]. In Statista. Retrieved October 04, 2023, from https://www.statista.com/statistics/1076784/household-gross-savings-rate-portugal/
OECD. "Household gross savings as a share of disposable income in Portugal from 1st quarter 2007 to 4th quarter 2022." Chart. May 10, 2023. Statista. Accessed October 04, 2023. https://www.statista.com/statistics/1076784/household-gross-savings-rate-portugal/
OECD. (2023). Household gross savings as a share of disposable income in Portugal from 1st quarter 2007 to 4th quarter 2022. Statista. Statista Inc.. Accessed: October 04, 2023. https://www.statista.com/statistics/1076784/household-gross-savings-rate-portugal/
OECD. "Household Gross Savings as a Share of Disposable Income in Portugal from 1st Quarter 2007 to 4th Quarter 2022." Statista, Statista Inc., 10 May 2023, https://www.statista.com/statistics/1076784/household-gross-savings-rate-portugal/
OECD, Household gross savings as a share of disposable income in Portugal from 1st quarter 2007 to 4th quarter 2022 Statista, https://www.statista.com/statistics/1076784/household-gross-savings-rate-portugal/ (last visited October 04, 2023)
Household gross savings as a share of disposable income in Portugal from 1st quarter 2007 to 4th quarter 2022 [Graph], OECD, May 10, 2023. [Online]. Available: https://www.statista.com/statistics/1076784/household-gross-savings-rate-portugal/