Household Saving Rate in Norway increased to 8.50 percent in the third quarter of 2019 from 7.20 percent in the second quarter of 2019. Personal Savings in Norway averaged 6.30 percent from 2002 until 2019, reaching an all time high of 12.90 percent in the second quarter of 2005 and a record low of -2 percent in the second quarter of 2006. source: Statistics Norway

Personal Savings in Norway is expected to be 8.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Savings in Norway to stand at 7.60 in 12 months time. In the long-term, the Norway Household Saving Ratio is projected to trend around 7.50 percent in 2020, according to our econometric models.

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Norway Household Saving Ratio

Actual Previous Highest Lowest Dates Unit Frequency
8.50 7.20 12.90 -2.00 2002 - 2019 percent Quarterly
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Norway Household Saving Ratio
In Norway, Personal Savings correspond to the personal income saved during a certain period of time.

Norway Consumer Last Previous Highest Lowest Unit
Consumer Confidence 13.40 15.00 34.90 -17.40 points [+]
Retail Sales MoM 1.00 -0.70 15.40 -9.00 percent [+]
Retail Sales YoY 0.80 -0.30 8.70 -4.30 percent [+]
Consumer Spending 383592.00 381911.00 383592.00 125359.00 NOK Million [+]
Disposable Personal Income 388871.00 382123.00 388871.00 165112.00 NOK Million [+]
Personal Savings 8.50 7.20 12.90 -2.00 percent [+]
Consumer Credit 3619251.00 3610084.00 3619251.00 448169.00 NOK Million [+]
Household Spending 1.10 -0.90 16.10 -10.90 percent [+]
Households Debt To GDP 101.70 100.30 102.50 40.40 percent of GDP [+]
Households Debt To Income 202.03 197.54 202.03 118.51 percent [+]
Gasoline Prices 1.74 1.70 2.63 1.19 USD/Liter [+]
Consumer Confidence Current Conditions 11.59 0.17 64.60 -65.10 [+]
Consumer Confidence Economic Expectations 12.42 -5.06 38.30 -52.20 [+]
Consumer Confidence Financial Expectations 25.56 21.96 30.40 -2.80 [+]
Consumer Confidence Major Purchases Expectations 13.28 11.64 48.15 -29.69 [+]