Household Saving Rate in Norway increased to 20.80 percent in the second quarter of 2020 from 14.80 percent in the first quarter of 2020. source: Statistics Norway

Personal Savings in Norway averaged 6.64 percent from 2002 until 2020, reaching an all time high of 20.80 percent in the second quarter of 2020 and a record low of -2 percent in the second quarter of 2006. This page provides - Norway Personal Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news. Norway Household Saving Ratio - values, historical data and charts - was last updated on February of 2021.

Personal Savings in Norway is expected to be 17.00 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 10.50 in 12 months time. In the long-term, the Norway Household Saving Ratio is projected to trend around 9.10 percent in 2021 and 7.00 percent in 2022, according to our econometric models.

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Norway Household Saving Ratio

Actual Previous Highest Lowest Dates Unit Frequency
20.80 14.80 20.80 -2.00 2002 - 2020 percent Quarterly
SA

Norway Consumer Last Previous Highest Lowest Unit
Consumer Confidence -5.10 -9.20 34.90 -17.40 points [+]
Retail Sales MoM -5.70 2.90 15.40 -9.00 percent [+]
Retail Sales YoY 8.00 13.80 13.80 -4.40 percent [+]
Consumer Spending 363507.00 363684.00 390330.00 128054.00 NOK Million [+]
Disposable Personal Income 355373.00 360751.00 361106.00 212408.00 NOK Million [+]
Personal Savings 20.80 14.80 20.80 -2.00 percent [+]
Consumer Credit 3807296.00 3805927.00 3807296.00 448169.00 NOK Million [+]
Household Spending -1.10 2.10 16.10 -10.90 percent [+]
Households Debt To GDP 110.00 106.00 110.00 40.40 percent of GDP [+]
Households Debt To Income 202.03 198.86 202.03 118.51 percent [+]
Gasoline Prices 1.69 1.53 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 [+]


Norway Household Saving Ratio
In Norway, Personal Savings correspond to the personal income saved during a certain period of time.