Household Saving Rate in Ireland decreased to 21.10 percent in the second quarter of 2021 from 30.40 percent in the first quarter of 2021. source: Central Statistics Office Ireland

Personal Savings in Ireland averaged 10.62 percent from 1999 until 2021, reaching an all time high of 34.10 percent in the second quarter of 2020 and a record low of -0.40 percent in the second quarter of 1999. This page provides - Ireland Gross Household Saving Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Ireland Gross Household Saving Ratio - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.

Personal Savings in Ireland is expected to be 16.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ireland Gross Household Saving Ratio is projected to trend around 10.60 percent in 2022 and 9.90 percent in 2023, according to our econometric models.

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Ireland Gross Household Saving Ratio

Calendar GMT Actual Previous Consensus TEForecast
2021-07-23 10:00 AM Q1 31% 25.8% 17%
2021-10-06 10:00 AM Q2 21.1% 30.4% 25.1%

Related Last Previous Unit Reference
Retail Sales MoM 0.30 3.50 percent Sep/21
Retail Sales YoY 0.70 6.00 percent Sep/21
Consumer Spending 26569.00 23605.00 EUR Million Jun/21
Disposable Personal Income 286059.00 276707.00 EUR Million Dec/20
Personal Savings 21.10 30.40 percent Jun/21
Ireland Gross Household Saving Ratio
In Ireland, the derived gross saving ratio expresses saving as a percentage of gross disposable income. Seasonally adjusted estimates of Household Saving are compiled using the indirect seasonal adjustment approach. Under this approach the two main aggregates, Household Disposable Income and Final Consumption Expenditure of Households, are independently adjusted. The derived saving is the difference between the two adjusted series of Household Disposable Income and Final Expenditure of Households. This method for estimating the seasonally adjusted value for a small net residual of two large aggregates, such as Household Saving, is considered to be a more appropriate estimation procedure, according to the CSO.