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.