Business Services Industry
Household saving rates. by country - from 1985 through 2004 forecast - Illustration
OECD Economic Outlook, Dec, 2002
Annex Table 24.
Household saving rates
Per cent of disposable household income
1985 1986 1987 1988 1989
Australia 10.7 10.1 8.0 6.7 8.4
Austria 10.3 12.1 13.7 11.7 12.6
Belgium 15.9 18.5 16.9 17.0 15.3
Canada 15.8 13.4 11.9 12.3 13.0
Czech Republic -- -- -- -- --
Denmark -- -- -- 7.4 8.4
Finland 4.3 2.9 4.4 0.2 0.5
France 9.0 8.1 6.4 6.9 7.2
Germany 12.1 12.9 12.9 13.2 12.7
Italy 28.8 27.1 26.6 25.9 25.5
Japan 18.5 18.5 16.0 15.0 15.3
Korea 15.1 21.0 23.9 26.5 25.5
Netherlands 5.6 8.2 8.3 8.1 9.8
New Zealand 5.7 4.4 7.2 5.8 5.5
Norway -3.3 -6.2 -6.2 -2.8 -0.4
Portugal -- -- -- -- --
Spain 11.1 12.1 10.6 11.0 10.2
Sweden 2.8 1.6 -2.9 -4.9 -4.8
Switzerland -- -- -- -- --
United Kingdom 9.8 8.2 6.4 4.9 6.6
United States 9.2 8.2 7.3 7.8 7.5
1990 1991 1992 1993 1994
Australia 9.1 6.0 5.5 4.3 5.6
Austria 13.8 14.7 11.8 10.7 11.6
Belgium 18.0 17.9 19.0 19.4 19.3
Canada 13.0 13.3 13.0 11.9 9.5
Czech Republic -- -- -- 3.2 -0.7
Denmark 11.2 10.8 9.7 8.3 4.2
Finland 2.9 7.8 10.0 7.6 2.6
France 7.8 8.7 9.7 10.4 9.8
Germany 13.9 13.0 13.0 12.3 11.6
Italy 25.9 25.0 23.4 23.2 21.8
Japan 13.4 14.8 14.1 14.3 12.1
Korea 23.4 25.5 24.4 21.9 21.3
Netherlands 11.6 7.2 8.3 6.8 7.1
New Zealand 3.3 5.5 3.4 3.3 0.4
Norway 0.8 2.9 5.0 6.1 5.2
Portugal -- -- -- -- --
Spain 12.3 13.4 11.9 14.3 11.9
Sweden -0.3 3.1 7.7 11.5 11.3
Switzerland 8.7 9.9 10.1 10.8 9.1
United Kingdom 8.0 10.0 11.4 10.8 9.3
United States 7.8 8.3 8.7 7.1 6.1
1995 1996 1997 1998 1999
Australia 4.5 5.5 3.7 2.3 2.1
Austria 11.5 9.6 7.1 8.0 7.7
Belgium 18.8 17.0 15.7 14.5 14.1
Canada 9.2 7.0 4.9 4.9 4.1
Czech Republic 15.7 16.6 15.5 14.7 14.5
Denmark 6.9 5.6 3.6 5.0 1.7
Finland 6.0 2.0 4.4 3.1 3.8
France 11.2 10.0 11.3 10.8 10.4
Germany 11.2 10.8 10.4 10.3 9.8
Italy 20.0 21.2 18.1 15.0 13.9
Japan 11.9 10.9 10.2 11.6 10.6
Korea 18.0 16.9 16.5 23.1 17.5
Netherlands 14.9 13.6 13.4 12.9 9.6
New Zealand 0.6 0.6 -0.7 -1.5 -0.3
Norway 4.6 2.2 2.8 5.8 5.5
Portugal 12.0 11.2 9.8 8.9 8.5
Spain 14.4 14.2 13.4 12.2 10.8
Sweden 8.6 7.1 4.5 3.2 3.4
Switzerland 9.4 8.7 10.1 8.6 8.9
United Kingdom 10.0 9.1 9.5 6.0 5.1
United States 5.6 4.8 4.2 4.7 2.6
Estimates and projections
2000 2001 2002 2003 2004
Australia 4.0 3.5 2.5 3.0 3.3
Austria 6.7 5.5 6.2 6.1 6.4
Belgium 13.4 13.0 14.5 14.3 13.7
Canada 4.8 4.6 5.3 5.3 5.7
Czech Republic 9.2 8.7 11.6 13.1 13.7
Denmark 4.0 5.3 4.8 5.3 4.9
Finland 0.3 2.4 2.8 3.0 2.6
France 10.8 11.4 11.9 11.3 10.5
Germany 9.8 10.1 10.4 10.1 10.2
Italy 12.3 13.2 15.8 16.3 16.1
Japan 10.3 10.7 9.9 9.9 10.1
Korea 11.8 10.0 9.5 10.1 11.4
Netherlands 6.7 11.2 13.1 13.4 13.0
New Zealand -0.8 2.4 3.5 2.3 2.0
Norway 4.7 4.5 5.2 5.3 5.8
Portugal 10.1 11.0 11.2 11.4 11.3
Spain 10.0 10.3 10.6 10.7 10.6
Sweden 2.3 4.9 8.0 7.8 7.0
Switzerland 8.3 8.7 8.9 9.0 8.9
United Kingdom 4.2 6.1 5.1 5.4 6.0
United States 2.8 2.3 3.7 4.5 4.7
Note: The adoption of new national account systems, SNA93 or ESA95, has
been proceding at an uneven pace among OECD member countries, both with
respect to variables and the time period covered. As a consequence,
there are breaks in many national series. See Table "National Account
Reporting Systems and Base-years" at the beginning of the Statistical
Annex and OECD Economic Outlook Sources and Methods
(http://www.oecd.org/ eco/sources-and-methods). Countries differ in the
way house- hold disposable income is reported (in particular whether
private pension benefits less pension contribution are included in
disposable income or not), but the calculation of household saving is
adjusted for this difference. Most countries are reporting household
saving on a net basis (i.e., excluding consumption of fixed capital by
households and unincorporated businesses). Five countries, Belgium,
Denmark, Italy, Spain and the United Kingdom and reporting gross
household saving. In most countries the households saving include saving
by non-profit institutions (in some cases referred to as personal
saving). Other countries (Czech Republic, Finland, France, Japan and New
Zealand) report saving of households only.
Source: OECD.
COPYRIGHT 2002 OECD Publications and Information Centre
COPYRIGHT 2003 Gale Group
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