Household gross saving rate in the European Union (27 countries) reached an average of 15.57 percent in the third quarter of 2020. The saving rate varied considerably by country. For instance, in the Netherlands it reached percent, while in Poland it amounted to six percent. In general, during 2020, saving rates were higher than average due to the disruptions caused by coronavirus (COVID-19) pandemic, which led to a decrease in consumption and, as a consequence, an increase in savings, particularly during the second quarter of 2020.
Household gross saving rate in selected countries in the European Union from 1st to 3rd quarter 2020
Only countries with data available for 2020 are displayed in the graph.
Data for Ireland in Q3 2020 not available.
The gross saving rate of households is defined as gross saving (ESA 2010 code: B8g) divided by gross disposable income (B6g), with the latter being adjusted for the change in the net equity of households in pension funds reserves (D8net). Gross saving is the part of the gross disposable income which is not spent as final consumption expenditure (ESA 2010 8.96). Indicator described is calculated on the basis of quarterly sector accounts data by institutional sectors. Household sector comprises all households, household firms and Non Profit Institutions Serving Households (NPISH) (ESA 2010 codes S14 and S15). Sector accounts are compiled in accordance with European System of Accounts (ESA 2010). Data are expressed in percentage, in non-seasonal adjusted as well as in seasonal and calendar adjusted form.
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Eurostat. (February 12, 2021). Household gross saving rate in selected countries in the European Union from 1st to 3rd quarter 2020 [Graph]. In Statista. Retrieved August 10, 2022, from https://www.statista.com/statistics/1221226/household-gross-saving-rate-in-the-eu-by-country/
Eurostat. "Household gross saving rate in selected countries in the European Union from 1st to 3rd quarter 2020." Chart. February 12, 2021. Statista. Accessed August 10, 2022. https://www.statista.com/statistics/1221226/household-gross-saving-rate-in-the-eu-by-country/
Eurostat. (2021). Household gross saving rate in selected countries in the European Union from 1st to 3rd quarter 2020. Statista. Statista Inc.. Accessed: August 10, 2022. https://www.statista.com/statistics/1221226/household-gross-saving-rate-in-the-eu-by-country/
Eurostat. "Household Gross Saving Rate in Selected Countries in The European Union from 1st to 3rd Quarter 2020." Statista, Statista Inc., 12 Feb 2021, https://www.statista.com/statistics/1221226/household-gross-saving-rate-in-the-eu-by-country/
Eurostat, Household gross saving rate in selected countries in the European Union from 1st to 3rd quarter 2020 Statista, https://www.statista.com/statistics/1221226/household-gross-saving-rate-in-the-eu-by-country/ (last visited August 10, 2022)
