Household Saving Rate in Australia increased to 4.80 percent in the third quarter of 2019 from 2.30 percent in the second quarter of 2019. Personal Savings in Australia averaged 9.45 percent from 1959 until 2019, reaching an all time high of 20.40 percent in the third quarter of 1973 and a record low of -1.90 percent in the fourth quarter of 2002. source: Australian Bureau of Statistics

Personal Savings in Australia is expected to be 2.30 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 1.70 in 12 months time. In the long-term, the Australia Household Saving Ratio is projected to trend around 1.60 percent in 2020, according to our econometric models.

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Australia Household Saving Ratio

Actual Previous Highest Lowest Dates Unit Frequency
4.80 2.30 20.40 -1.90 1959 - 2019 percent Quarterly
Current Prices, SA

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.

Australia Consumer Last Previous Highest Lowest Unit
Consumer Confidence 95.10 97.00 123.94 64.61 points [+]
Retail Sales MoM 0.90 0.10 8.10 -10.60 percent [+]
Retail Sales YoY 2.90 2.70 12.70 1.90 percent [+]
Consumer Spending 267716.00 267420.00 267716.00 33846.00 AUD Million [+]
Disposable Personal Income 320300.00 310782.00 320300.00 3103.00 AUD Million [+]
Personal Savings 4.80 2.30 20.40 -1.90 percent [+]
Consumer Credit 2925.66 2915.94 2925.66 35.83 AUD Billion [+]
Private Sector Credit 0.10 0.10 2.90 -0.50 percent [+]
Gasoline Prices 1.02 1.04 1.67 0.46 USD/Liter [+]
Households Debt To GDP 119.30 119.40 122.00 34.20 percent of GDP [+]
Bank Lending Rate 7.92 7.92 20.50 7.92 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 [+]