Between 2016 and 2019, the saving rate of Italian households stood stable at about ten percent. However, 2020 represents an exception as this figure is projected to reach 17.4 percent that year. The households' saving rate is calculated by dividing the gross saving by the adjusted gross disposable income. Favorable economic conditions encourage higher spending, leading to a consequently drop in the savings rates. In 2020, Italy's economy has been significantly affected by the COVID-19 pandemic. An uncertain economic situation is likely to lead to a more precautionary behavior among consumers, which results in a high saving rate.
Saving rate of households in Italy from 2016 to 2021, with a forecast for 2022, 2023 and 2024
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European Commission. (November 11, 2022). Saving rate of households in Italy from 2016 to 2021, with a forecast for 2022, 2023 and 2024 [Graph]. In Statista. Retrieved October 03, 2024, from https://www.statista.com/statistics/1115319/saving-rate-of-households-in-italy/
European Commission. "Saving rate of households in Italy from 2016 to 2021, with a forecast for 2022, 2023 and 2024." Chart. November 11, 2022. Statista. Accessed October 03, 2024. https://www.statista.com/statistics/1115319/saving-rate-of-households-in-italy/
European Commission. (2022). Saving rate of households in Italy from 2016 to 2021, with a forecast for 2022, 2023 and 2024. Statista. Statista Inc.. Accessed: October 03, 2024. https://www.statista.com/statistics/1115319/saving-rate-of-households-in-italy/
European Commission. "Saving Rate of Households in Italy from 2016 to 2021, with a Forecast for 2022, 2023 and 2024." Statista, Statista Inc., 11 Nov 2022, https://www.statista.com/statistics/1115319/saving-rate-of-households-in-italy/
European Commission, Saving rate of households in Italy from 2016 to 2021, with a forecast for 2022, 2023 and 2024 Statista, https://www.statista.com/statistics/1115319/saving-rate-of-households-in-italy/ (last visited October 03, 2024)
Saving rate of households in Italy from 2016 to 2021, with a forecast for 2022, 2023 and 2024 [Graph], European Commission, November 11, 2022. [Online]. Available: https://www.statista.com/statistics/1115319/saving-rate-of-households-in-italy/