Here are Household Saving rates across the European Union

Who saves the most?

The entire data set follows but here are key insights:

  • The highest household saving rate is in Sweden at 17.52% followed by Germany at 17.39% and Netherlands at 15.10%. All these values are averaged between 2015 to 2018.
  • The lowest household saving rate is in Poland at 1.52% followed by Portugal at 4.13% and Spain at 5.84%. All these values are averaged between 2015 to 2018.
  • For the European Union the saving rate stands at 10.24% and for the Eurozone the saving rate stands at 12.08%. All these values are averaged between 2015 to 2018.
  • We have averaged the saving rate between 2000 to 2007 (before the financial crisis) and between 2009 to 2018 (after the financial crisis). Comparing the saving rate before the financial crisis and after the financial crisis, Poland has seen the largest fall of 6.89%, Italy at 3.66% and Portugal at 3.39%. At the other end of the spectrum, Sweden has the seen the largest increase at 7.13%, Netherlands at 4.70% and Ireland at 3.88%.
  • Data for Bulgaria, Estonia, Greece, Croatia, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, Romania and Slovakia is unavailable

 

Here’s the entire data set,

European Union Saving Rate up to Q3 2018
Data source: Eurostat

 

Related:

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Past, present, future – some demographic and economic statistics for the European Union

Eurozone Q4 2018 GDP up by 0.2% and European Union Q4 2018 GDP up by 0.3%; 2018 annual GDP growth at 1.8% for the Eurozone and 1.9% for EU; Italy in Recession

Eurozone Q3 2018 GDP up by 0.2% and European Union Q3 2018 GDP up by 0.3%, both lowest since 2013; Italy grew 0%; Eurozone economic sentiment falls for the 10th consecutive month

Parts of the European Union have seen nominal GDP per capita fall between 2007 and 2017

Europe’s aging population is set to cause huge economic challenges

 

The Eurozone or Euro area (EA) currently includes Belgium, Germany, Estonia, Ireland, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.

The European Union (EU) currently includes Belgium, Bulgaria, Czechia (formerly the Czech Republic), Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, the Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden and the United Kingdom.

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