European Union Gross Savings Rate
Key information about EU Gross Savings Rate
- EU Gross Savings Rate was measured at 26.7% in Sep 2023, compared with 26.7% in the previous quarter.
- EU Gross Savings Rate is updated quarterly, with data available from Mar 1995 to Sep 2023, and an average rate of 26.7%.
- The data reached an all-time high of 26.7% in Mar 2021 and a record low of 21.4% in Mar 2010.
- 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. Eurostat provides Final Consumption Expenditure in local currency and Nominal GDP in local currency. European Union stands for EU27 excluding UK.
- In the latest reports, EU GDP expanded 1.0% YoY in Mar 2023.
- EU Nominal GDP reached 4,430,431.2 USD mn in Mar 2023. Its GDP deflator (implicit price deflator) increased 6.5% in Mar 2023.
- EU GDP Per Capita reached 38,468.8 USD in Dec 2021.
View European Union's Gross Savings Rate from Mar 1995 to Sep 2023 in the chart:
What was European Union's Gross Savings Rate in Sep 2023?
EU Gross Savings Rate was measured at 26.7% in Sep 2023, compared with 26.7% in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
26.7 Sep 2023 | 26.7 Jun 2023 | 21.4 Mar 2010 | 27.8 Mar 2021 | % | quarterly | Mar 1995 - Sep 2023 |
Gross Savings Rate by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 17.3 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
Algeria (%) | 36.1 2021 | yearly | 2000 - 2021 |
Argentina (%) | 11.0 Mar 2023 | quarterly | Mar 2004 - Mar 2023 |
Armenia (%) | 28.8 Dec 2023 | quarterly | Dec 1994 - Dec 2023 |
Australia (%) | 29.6 Dec 2022 | quarterly | Sep 1959 - Dec 2022 |
Austria (%) | 27.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Azerbaijan (%) | 31.2 Sep 2023 | quarterly | Mar 2001 - Sep 2023 |
Bahrain (%) | 38.6 2022 | yearly | 1989 - 2022 |
Bangladesh (%) | 30.4 2021 | yearly | 2006 - 2021 |
Belarus (%) | 30.9 Sep 2023 | quarterly | Mar 1992 - Sep 2023 |
Belgium (%) | 24.8 Sep 2023 | quarterly | Mar 1980 - Sep 2023 |
Bolivia (%) | 13.6 Sep 2023 | quarterly | Mar 1990 - Sep 2023 |
Bosnia and Herzegovina (%) | 19.2 Sep 2023 | quarterly | Mar 2008 - Sep 2023 |
Botswana (%) | 25.9 Sep 2023 | quarterly | Mar 1994 - Sep 2023 |
Brazil (%) | 12.4 Dec 2023 | quarterly | Mar 1991 - Dec 2023 |
Brunei (%) | 60.0 Sep 2022 | quarterly | Mar 2004 - Sep 2022 |
Bulgaria (%) | 18.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Cambodia (%) | 31.1 2022 | yearly | 1993 - 2022 |
Canada (%) | 24.1 Dec 2023 | quarterly | Mar 1961 - Dec 2023 |
Chile (%) | 17.6 Sep 2023 | quarterly | Mar 1996 - Sep 2023 |
China (%) | 45.9 2021 | yearly | 1952 - 2021 |
Colombia (%) | 8.6 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
Croatia (%) | 12.3 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Cyprus (%) | 17.9 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Czech Republic (%) | 32.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Denmark (%) | 33.2 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Ecuador (%) | 22.4 Sep 2023 | quarterly | Mar 1991 - Sep 2023 |
Egypt (%) | 6.7 2017 | yearly | 1990 - 2017 |
Estonia (%) | 29.7 Dec 2022 | quarterly | Mar 1993 - Dec 2022 |
European Union (%) | 26.7 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Finland (%) | 21.9 Jun 2023 | quarterly | Mar 1990 - Jun 2023 |
France (%) | 14.2 Dec 2017 | quarterly | Mar 1949 - Dec 2017 |
Georgia (%) | 29.8 Sep 2023 | quarterly | Mar 1996 - Sep 2023 |
Germany (%) | 29.6 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
Ghana (%) | 15.4 2022 | yearly | 2006 - 2022 |
Greece (%) | 8.1 Dec 2022 | quarterly | Mar 1995 - Dec 2022 |
Hong Kong SAR, China (%) | 28.1 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Hungary (%) | 28.0 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
Iceland (%) | 19.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
India (%) | 30.2 2023 | yearly | 1951 - 2023 |
Indonesia (%) | 34.9 Dec 2023 | quarterly | Mar 2010 - Dec 2023 |
Iran (%) | 36.9 Jun 2023 | quarterly | Jun 1988 - Jun 2023 |
Ireland (%) | 56.6 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Israel (%) | 27.8 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Italy (%) | 24.0 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Ivory Coast (%) | 22.2 2022 | yearly | 1960 - 2022 |
Japan (%) | 28.8 Mar 2022 | quarterly | Mar 1980 - Mar 2022 |
Jordan (%) | -3.9 2022 | yearly | 1963 - 2022 |
Kazakhstan (%) | 44.9 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
Kenya (%) | 12.1 2022 | yearly | 2006 - 2022 |
South Korea (%) | 34.0 Dec 2022 | quarterly | Mar 1970 - Dec 2022 |
Kosovo (%) | 16.9 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
Kuwait (%) | 31.1 2019 | yearly | 1970 - 2019 |
Kyrgyzstan (%) | -4.1 Dec 2022 | quarterly | Mar 2000 - Dec 2022 |
Laos (%) | 18.4 2016 | yearly | 2000 - 2016 |
Latvia (%) | 20.1 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
Lebanon (%) | -21.7 2020 | yearly | 1990 - 2020 |
Lithuania (%) | 27.3 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Luxembourg (%) | 52.5 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
Macau SAR, China (%) | 16.6 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
North Macedonia (%) | 9.6 Jun 2023 | quarterly | Mar 2000 - Jun 2023 |
Malawi (%) | 11.2 2019 | yearly | 1977 - 2019 |
Malaysia (%) | 26.9 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
Malta (%) | 37.7 Dec 2023 | quarterly | Mar 1992 - Dec 2023 |
Mauritius (%) | 15.5 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Mexico (%) | 19.3 Sep 2023 | quarterly | Mar 1993 - Sep 2023 |
Moldova (%) | -4.5 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
Mongolia (%) | 35.8 Dec 2022 | quarterly | Mar 2005 - Dec 2022 |
Montenegro (%) | 25.3 Sep 2023 | quarterly | Mar 2010 - Sep 2023 |
Morocco (%) | 27.2 2022 | yearly | 1975 - 2022 |
Mozambique (%) | 8.1 2022 | yearly | 1969 - 2022 |
Myanmar (%) | 28.7 2018 | yearly | 1996 - 2018 |
Nepal (%) | 31.4 2023 | yearly | 2001 - 2023 |
Netherlands (%) | 31.3 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
New Zealand (%) | 20.3 Sep 2022 | quarterly | Jun 1987 - Sep 2022 |
Nigeria (%) | 30.6 2022 | yearly | 1981 - 2022 |
Norway (%) | 41.0 Dec 2023 | quarterly | Mar 1978 - Dec 2023 |
Oman (%) | 34.7 2022 | yearly | 1980 - 2022 |
Pakistan (%) | 6.0 2023 | yearly | 2000 - 2023 |
Palestinian Territory (%) | 11.6 Sep 2023 | quarterly | Mar 2011 - Sep 2023 |
Panama (%) | 35.8 2021 | yearly | 1960 - 2021 |
Paraguay (%) | 20.3 Sep 2023 | quarterly | Mar 1994 - Sep 2023 |
Peru (%) | 25.4 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
Philippines (%) | 10.8 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
Poland (%) | 28.9 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Portugal (%) | 26.5 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Qatar (%) | 66.4 Dec 2022 | quarterly | Mar 2013 - Dec 2022 |
Romania (%) | 20.9 Dec 2023 | quarterly | Mar 1995 - Dec 2023 |
Russia (%) | 32.8 Sep 2023 | quarterly | Mar 1993 - Sep 2023 |
Saudi Arabia (%) | 38.1 Jun 2023 | quarterly | Mar 2003 - Jun 2023 |
Serbia (%) | 14.5 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
Singapore (%) | 48.6 2023 | yearly | 1960 - 2023 |
Slovakia (%) | 18.6 Jun 2023 | quarterly | Mar 1995 - Jun 2023 |
Slovenia (%) | 24.5 Sep 2023 | quarterly | Mar 1995 - Sep 2023 |
South Africa (%) | 14.5 Sep 2023 | quarterly | Mar 1960 - Sep 2023 |
Spain (%) | 22.8 Sep 2023 | quarterly | Mar 1999 - Sep 2023 |
Sri Lanka (%) | 26.1 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
Sudan (%) | 13.7 2014 | yearly | 1960 - 2014 |
Sweden (%) | 31.1 Dec 2023 | quarterly | Mar 1980 - Dec 2023 |
Switzerland (%) | 33.0 Dec 2023 | quarterly | Mar 1990 - Dec 2023 |
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Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 3.7 2017 | yearly | 2008 - 2017 |
Household Debt: % of GDP (%) | 46.3 Dec 2023 | quarterly | Sep 1997 - Dec 2023 |
Money Supply M1 (USD mn) | 11,143,655.125 Jan 2024 | monthly | Jan 1999 - Jan 2024 |
Money Supply M2 (USD mn) | 16,362,046.600 Jan 2024 | monthly | Jan 1999 - Jan 2024 |
M2 Growth (%) | -1.2 Jan 2024 | monthly | Jan 1981 - Jan 2024 |
Reserve Requirement Ratio (%) | 1.0 Jan 2024 | monthly | Jan 1999 - Jan 2024 |
Foreign Exchange Reserves (USD mn) | 298,716.6 Jan 2024 | monthly | Dec 1999 - Jan 2024 |
Foreign Exchange Reserves: % of GDP (%) | 1.908 Sep 2023 | quarterly | Dec 1999 - Sep 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 1.4 Dec 2023 | monthly | Jan 2002 - Dec 2023 |
Total Deposits (USD mn) | 16,354,578.226 Jan 2024 | monthly | Jan 1999 - Jan 2024 |
Total Deposits Growth (%) | 0.2 Jan 2024 | monthly | Sep 1998 - Jan 2024 |
Domestic Credit (USD mn) | 26,130,987.5 Dec 2023 | monthly | Jan 1999 - Dec 2023 |
Domestic Credit Growth (%) | -1.0 Dec 2023 | monthly | Sep 1998 - Dec 2023 |
Household Debt (USD mn) | 7,192,333.1 Jan 2024 | monthly | Jan 1999 - Jan 2024 |
Total Loans (USD mn) | 19,636,900.203 Jan 2024 | monthly | Jan 1999 - Jan 2024 |
Total Loans Growth (%) | 0.32 Jan 2024 | monthly | Sep 1998 - Jan 2024 |
Private Debt: % of Nominal GDP (%) | 81.87 Dec 2023 | quarterly | Sep 1997 - Dec 2023 |
Money Supply M3: Outstanding (EUR bn) | 16,060.302 Jan 2024 | monthly | Jan 1970 - Jan 2024 |
Money Supply M2: Outstanding (EUR bn) | 15,029.767 Jan 2024 | monthly | Jan 1980 - Jan 2024 |
Money Supply M3: swda: Outstanding (EUR bn) | 16,092.777 Jan 2024 | monthly | Jan 1980 - Jan 2024 |
Money Supply M1: Outstanding (EUR bn) | 10,216.453 Jan 2024 | monthly | Jan 1970 - Jan 2024 |
Money Supply M2: swda: Outstanding (EUR bn) | 15,073.281 Jan 2024 | monthly | Jan 1980 - Jan 2024 |
Money Supply M1: swda: Outstanding (EUR bn) | 10,265.919 Jan 2024 | monthly | Jan 1980 - Jan 2024 |
Eurosystem: ORA: Foreign Currency Reserves (FCR) (EUR bn) | 275.054 Jan 2024 | monthly | Nov 1999 - Jan 2024 |
Eurosystem: Official Reserve Assets (ORA) (EUR bn) | 1,157.998 Jan 2024 | monthly | Nov 1999 - Jan 2024 |
MFIs Loans: Outstanding: Households: HP: Over 5 Years (EUR bn) | 4,296.809 Jan 2019 | monthly | Sep 1997 - Jan 2019 |
MFIs Loans: Outstanding: Households: Consumer Credit (CS) (EUR bn) | 686.042 Jan 2019 | monthly | Sep 1997 - Jan 2019 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Business Confidence Growth (% Point) | -8.0 Feb 2024 | monthly | Jan 1986 - Feb 2024 |
BE: Industrial Confidence Indicator (ICI): sa: NACE 2 (% Point) | -17.200 Feb 2024 | monthly | Jan 1985 - Feb 2024 |
Construction Confidence Indicator (CCI): sa: EU 27 excl UK (EU 27E) (% Point) | -15.900 Apr 2020 | monthly | Jan 1985 - Apr 2020 |
Economic Sentiment Index: sa: EU 27 excl UK (NA) | 65.800 Apr 2020 | monthly | Jan 1985 - Apr 2020 |
Industrial Confidence Indicator (ICI): sa: EA 19 (% Point) | 5.80 Jul 2018 | monthly | Jan 1985 - Jul 2018 |
Industrial Confidence Indicator (ICI): sa: EU 27 excl UK (EU 27E) (% Point) | -30.600 Apr 2020 | monthly | Jan 1985 - Apr 2020 |
Service Confidence Indicator (SCI): sa: Euro Area 19 (% Point) | 15.30 Jul 2018 | monthly | Jan 1996 - Jul 2018 |
Service Confidence Indicator (SCI): sa: EU 27 excl UK (EU 27E) (% Point) | -35.400 Apr 2020 | monthly | Oct 1996 - Apr 2020 |
Eurocoin Leading Indicator (Number) | -0.310 Feb 2024 | monthly | Dec 2019 - Feb 2024 |
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