Household Saving Rate in Australia increased to 19.80 percent in the second quarter of 2020 from 6 percent in the first quarter of 2020.
Personal Savings in Australia averaged 9.47 percent from 1959 until 2020, reaching an all time high of 20.30 percent in the second quarter of 1974 and a record low of -1.70 percent in the fourth quarter of 2002. This page provides - Australia Households Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news. Australia Household Saving Ratio - values, historical data and charts - was last updated on October of 2020. source: Australian Bureau of Statistics
Personal Savings in Australia is expected to be 18.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Savings in Australia to stand at 13.00 in 12 months time. In the long-term, the Australia Household Saving Ratio is projected to trend around 10.00 percent in 2021 and 6.00 percent in 2022, according to our econometric models.