Eurozone: household net savings rate

The household net saving rate in the 19 member countries of the euro area fluctuated between five and eight percent between 2000 and 2019. However, since the outbreak of the COVID-19 pandemic these figures increased, reaching 13 percent in 2020. Meanwhile, household savings represented a 10.8 percent of their disposable income.

Household net savings as a share of disposable income in the euro area from 2000 to 2021

Characteristic	Household net savings rate
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Release date

April 2022

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Region

Europe, EU

Survey time period

2000 to 2021

Supplementary notes

The source adds the following information: "Net household saving is defined as household net disposable income plus the adjustment for the change in pension entitlements less household final consumption expenditure (households also include non-profit institutions serving households). The adjustment item concerns (mandatory) saving of households, by building up funds in employment-related pension schemes. Household saving is the main domestic source of funds to finance capital investments, a major impetus for long-term economic growth. The net household saving rate represents the total amount of net saving as a percentage of net household disposable income. It thus shows how much households are saving out of current income and also how much income they have added to their net wealth. All OECD countries compile their data according to the 2008 System of National Accounts (SNA)."

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