Saving rate of households in Italy 2016-2021

Between 2016 and 2021, the saving rate of Italian households is believed to stand stable at about ten percent. However, 2020 represents an exception as this figure is projected to reach 16.5 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

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Source

Release date

May 2020

Region

Italy

Survey time period

2016 to 2020

Supplementary notes

Data on 2020 and 2021 are estimated.

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Statistics on "Inflation and price indices of Italy"

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