Quarterly household saving rate in Canada 2019-2023

Published by
Fernando de Querol Cumbrera,
Feb 16, 2024
The saving rate of Canadian households increased considerably during the start of the COVID-19 pandemic in 2020. As of the second quarter of 2020, the saving rate of households in Canada peaked at 26.5 percent. By the second quarter of quarter of 2022, Canadian households saved on average 6.2 percent of their disposable income.

Quarterly household saving rate in Canada from 1st quarter 2019 to 1st quarter 2023

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Release date

May 2023

Region

Canada

Survey time period

1st quarter 2019 to 1st quarter 2023

Special properties

Seasonally adjusted at annual rates.

Supplementary notes

The saving rate is calculated as the ratio of savings to disposable personal income. Adapted from Statistics Canada, Canadian economic accounts key indicators – Seasonally adjusted , 1st quarter 2019 to 1st quarter 2023. This does not constitute an endorsement by Statistics Canada of this product.

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