Household Saving Rate in South Africa increased to 0.70 percent in the third quarter of 2020 from 0.10 percent in the second quarter of 2020. source: Statistics South Africa

Personal Savings in South Africa averaged 4.63 percent from 1960 until 2020, reaching an all time high of 23.80 percent in the second quarter of 1972 and a record low of -2.50 percent in the fourth quarter of 2013. This page provides the latest reported value for - South Africa Households Savings - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Household Saving Ratio - values, historical data and charts - was last updated on March of 2021.

Personal Savings in South Africa is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Savings in South Africa to stand at 0.40 in 12 months time. In the long-term, the South Africa Household Saving Ratio is projected to trend around 0.60 percent in 2021, according to our econometric models.

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South Africa Household Saving Ratio

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.10 23.80 -2.50 1960 - 2020 percent Quarterly
SA

South Africa Consumer Last Previous Highest Lowest Unit
Consumer Confidence -12.00 -23.00 26.00 -36.00 points [+]
Retail Sales MoM -0.80 2.10 69.20 -49.00 percent [+]
Retail Sales YoY -1.30 -4.30 15.50 -49.90 percent [+]
Consumer Spending 1864428.00 1656067.00 1967226.00 260612.00 ZAR Million [+]
Disposable Personal Income 3050164.00 2619615.00 3127441.00 3520.00 ZAR Million [+]
Personal Savings 0.70 0.10 23.80 -2.50 percent [+]
Private Sector Credit 3.26 3.55 35.88 -2.35 percent [+]
Bank Lending Rate 7.00 7.00 25.50 5.50 percent [+]
Gasoline Prices 1.03 0.98 1.44 0.43 USD/Liter [+]
Households Debt To GDP 35.80 35.10 43.90 33.10 percent of GDP [+]
Households Debt To Income 72.80 71.90 86.40 40.30 percent [+]
Consumer Confidence Economic Expectations -22.20 -1.00 37.00 -38.00 [+]
Consumer Confidence Financial Expectations 6.40 3.00 30.40 -22.00 [+]
Consumer Confidence Major Purchases Expectations -11.80 -17.00 13.10 -42.00 [+]


South Africa Household Saving Ratio
In South Africa, household saving ratio refers to the income saved by household during a certain period of time. Based on current prices.