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Household savings as share of disposable income in the UK 2000-2019

This statistic shows net household savings, presented as a share of net disposable income in the United Kingdom (UK) from 2000 to 2019. In 2010, net household savings as share of net disposable income reached the highest value in the UK, peaking at 6.89 percent. In 2019, this ratio was equal to 0.74 percent.

Household savings as share of disposable income in the United Kingdom (UK) from 2000 to 2019

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Source

Release date

November 2020

Region

United Kingdom

Survey time period

2000 to 2019

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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