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Household gross savings rate Spain Q1 2007-Q3 2021

Published by Statista Research Department, Feb 8, 2023
In Spain, the household gross savings rate reached almost 11 percent in the third quarter of 2021. These figures have fluctuated significantly over the last couple of years, specially since the start of the COVID-19 pandemic in 2020, peaking at 22.3 percent in the second quarter of 2020, during the lockdown of the first wave of infections. In contrast, the savings rate in Slovenia already was over 15 percent before the start of the pandemic.

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

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Source

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Release date

February 2022

Region

Spain

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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