Household Saving Rate in Denmark increased to 21.41 percent in the second quarter of 2020 from 16.64 percent in the first quarter of 2020. source: Eurostat

Personal Savings in Denmark averaged 7.53 percent from 1999 until 2020, reaching an all time high of 21.41 percent in the second quarter of 2020 and a record low of -2.95 percent in the fourth quarter of 2014. This page provides - Denmark Personal Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news. Denmark Gross Household Saving Rate - values, historical data and charts - was last updated on October of 2020.

Personal Savings in Denmark is expected to be 14.05 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Savings in Denmark to stand at 9.30 in 12 months time. In the long-term, the Denmark Gross Household Saving Rate is projected to trend around 9.98 percent in 2021 and 10.53 percent in 2022, according to our econometric models.

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Denmark Gross Household Saving Rate

Actual Previous Highest Lowest Dates Unit Frequency
21.41 16.64 21.41 -2.95 1999 - 2020 percent Quarterly
NSA

Denmark Consumer Last Previous Highest Lowest Unit
Consumer Confidence -6.20 -7.40 15.50 -22.00 points [+]
Retail Sales MoM -0.80 -0.90 9.70 -4.50 percent [+]
Retail Sales YoY 4.20 2.10 15.10 -10.20 percent [+]
Consumer Spending 215860.00 233890.00 240767.00 151525.00 DKK Million [+]
Disposable Personal Income 1127877.48 1095269.86 1127877.48 368723.09 DKK Million [+]
Personal Savings 21.41 16.64 21.41 -2.95 percent [+]
Households Debt To GDP 111.10 111.70 139.40 69.10 percent of GDP [+]
Households Debt To Income 235.11 240.53 269.77 180.80 percent [+]
Bank Lending Rate 0.05 0.05 15.00 0.05 percent [+]
Consumer Credit 447.30 450.86 585.45 145.77 DKK Billion [+]
Gasoline Prices 1.83 1.80 2.41 1.01 USD/Liter [+]
Consumer Confidence Current Conditions 16.00 13.90 28.10 -63.00 [+]
Consumer Confidence Economic Expectations 13.00 9.30 25.60 -46.00 [+]
Consumer Confidence Financial Expectations 15.70 12.30 19.00 -9.00 [+]
Consumer Confidence Major Purchases Expectations -3.00 -2.20 4.40 -18.00 [+]
Consumer Confidence Price Trends 17.40 20.10 76.00 -41.60 [+]
Consumer Confidence Savings Expectations 29.40 32.90 42.50 -27.00 [+]
Consumer Confidence Unemployment Expectations -10.40 -11.10 51.40 -26.00 [+]


Denmark Gross Household Saving Rate
In Denmark, Personal Savings correspond to the total personal income saved during a certain period of time.