Australia Gross Savings Rate
Australia Gross Savings Rate was measured at 25.4 % in Sep 2020, compared with 26.1 % in the previous quarter. Australia Gross Savings Rate is updated quarterly, available from Sep 1959 to Sep 2020, with an average rate of 25.8 %. The data reached an all-time high of 35.4 % in Dec 1973 and a record low of 18.4 % in Mar 1983. CEIC calculates Gross Domestic Savings Rate from quarterly Gross Domestic Savings and quarterly Nominal GDP. Gross Domestic Savings is calculated as Nominal GDP less Final Consumption Expenditure. The Australian Bureau of Statistics provides Final Consumption Expenditure in local currency and Nominal GDP in local currency.
In the latest reports, Australia GDP contracted 6.3 % YoY in Jun 2020. Australia Nominal GDP reached 307.6 USD bn in Jun 2020. Its GDP deflator (implicit price deflator) increased 0.4 % in Jun 2020. Australia GDP Per Capita reached 52,158.4 USD in Jun 2020.
View Australia's Gross Savings Rate from Sep 1959 to Sep 2020 in the chart:
What was Australia's Gross Savings Rate in Sep 2020?
|25.4 Sep 2020||26.1 Jun 2020||18.4 Mar 1983||35.4 Dec 1973||%||quarterly||Sep 1959 - Sep 2020|
Gross Savings Rate by Country Comparison
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|Albania (%)||8.8 Sep 2020||quarterly||Mar 2008 - Sep 2020|
|Algeria (%)||37.6 2016||yearly||2000 - 2016|
|Argentina (%)||22.8 Sep 2020||quarterly||Mar 2004 - Sep 2020|
|Armenia (%)||10.3 Sep 2020||quarterly||Dec 1994 - Sep 2020|
|Australia (%)||25.4 Sep 2020||quarterly||Sep 1959 - Sep 2020|
|Austria (%)||27.3 Sep 2020||quarterly||Mar 1995 - Sep 2020|
|Azerbaijan (%)||27.6 Mar 2020||quarterly||Mar 2001 - Mar 2020|
|Bahrain (%)||31.6 2018||yearly||1989 - 2018|
|Bangladesh (%)||30.1 2020||yearly||2006 - 2020|
|Belarus (%)||35.3 Sep 2020||quarterly||Mar 1992 - Sep 2020|
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Australia Key Series
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|Government and Public Finance||Last||Frequency||Range|
|Consolidated Fiscal Balance: % of GDP (%)||-7.2 Jun 2020||quarterly||Jun 2003 - Jun 2020|
|Consolidated Fiscal Balance (USD mn)||-63,966.960 Jun 2020||quarterly||Sep 2002 - Jun 2020|
|Tax Revenue (USD mn)||90,927.832 Sep 2020||quarterly||Sep 2002 - Sep 2020|
|Tax Revenue: % of GDP (%)||30.1 Jun 2020||quarterly||Sep 2002 - Jun 2020|
|National Government Debt (USD mn)||474,369.8 2019||yearly||1999 - 2019|
|Government Debt: % of GDP (%)||34.7 2019||yearly||1999 - 2019|
|Forecast: Government Expenditure (AUD bn)||880.783 2025||yearly||1988 - 2025|
|Forecast: Government Net Debt (AUD bn)||1,693.021 2025||yearly||1989 - 2025|
|Forecast: Government Revenue (AUD bn)||833.535 2025||yearly||1988 - 2025|
|DOT Forecast: Budget Aggregates: Revenue (AUD bn)||538.100 2024||yearly||1997 - 2024|
|DOT Forecast: Budget Aggregates: Expenses (AUD bn)||596.600 2024||yearly||1997 - 2024|
|AU: General Government: Financial Liabilities (AUD mn)||2,035,045.000 Sep 2020||quarterly||Jun 1999 - Sep 2020|
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