Household Saving Rate in Australia increased to 5.50 percent in the first quarter of 2020 from 3.60 percent in the fourth quarter of 2019.

Personal Savings in Australia averaged 9.42 percent from 1959 until 2020, reaching an all time high of 20.30 percent in the second quarter of 1974 and a record low of -1.70 percent in the fourth quarter of 2002. This page provides - Australia Households Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Household Saving Ratio - values, historical data and charts - was last updated on August of 2020. source: Australian Bureau of Statistics

Personal Savings in Australia is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Savings in Australia to stand at 2.00 in 12 months time. In the long-term, the Australia Household Saving Ratio is projected to trend around 1.60 percent in 2021, according to our econometric models.

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Australia Household Saving Ratio

Actual Previous Highest Lowest Dates Unit Frequency
5.50 3.60 20.30 -1.70 1959 - 2020 percent Quarterly
Current Prices, SA

Australia Consumer Last Previous Highest Lowest Unit
Consumer Confidence 87.90 93.70 123.94 64.61 points [+]
Retail Sales MoM 16.90 -17.70 16.90 -17.70 percent [+]
Retail Sales YoY 2.30 2.40 12.70 1.90 percent [+]
Consumer Spending 265949.00 269023.00 269023.00 33846.00 AUD Million [+]
Disposable Personal Income 323419.00 319158.00 323419.00 3103.00 AUD Million [+]
Personal Savings 5.50 3.60 20.30 -1.70 percent [+]
Consumer Credit 2987.53 2999.49 2999.49 35.83 AUD Billion [+]
Private Sector Credit -0.20 -0.10 3.00 -0.50 percent [+]
Gasoline Prices 0.90 0.82 1.67 0.46 USD/Liter [+]
Households Debt To GDP 119.50 119.60 123.60 34.20 percent of GDP [+]
Bank Lending Rate 6.57 6.57 21.05 6.57 percent [+]
Consumer Confidence Current Conditions 102.19 99.24 131.41 70.47 [+]
Consumer Confidence Economic Expectations 92.87 94.23 127.29 59.25 [+]
Consumer Confidence Financial Expectations 98.41 102.77 124.40 79.00 [+]
Consumer Confidence Major Purchases Expectations 122.03 117.09 154.86 71.04 [+]


Australia Household Saving Ratio
In Australia, Households Savings correspond to the ratio of household income saved to household net disposable income during a certain period of time.