Household Saving Rate in South Africa decreased to 0.20 percent in the second quarter of 2022 from 0.30 percent in the first quarter of 2022. source: Statistics South Africa

Personal Savings in South Africa averaged 4.53 percent from 1960 until 2022, reaching an all time high of 23.80 percent in the second quarter of 1972 and a record low of -2.40 percent in the fourth quarter of 2007. This page provides the latest reported value for - South Africa Households Savings - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Household Saving Ratio - values, historical data and charts - was last updated on December of 2022.

Personal Savings in South Africa is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Household Saving Ratio is projected to trend around 0.60 percent in 2023, according to our econometric models.

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South Africa Household Saving Ratio

Related Last Previous Unit Reference
Retail Sales MoM 0.10 -1.30 percent Sep 2022
Retail Sales YoY -0.60 2.10 percent Sep 2022
Personal Savings 0.20 0.30 percent Jun 2022

South Africa Household Saving Ratio
In South Africa, household saving ratio refers to the income saved by household during a certain period of time. Based on current prices.
Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.30 23.80 -2.40 1960 - 2022 percent Quarterly