Household Saving Rate in Ireland increased to 35.40 percent in the second quarter of 2020 from 17.20 percent in the first quarter of 2020.

Personal Savings in Ireland averaged 10.04 percent from 1999 until 2020, reaching an all time high of 35.40 percent in the second quarter of 2020 and a record low of -0.30 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 October of 2020. source: Central Statistics Office Ireland

Personal Savings in Ireland is expected to be 13.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Savings in Ireland to stand at 11.90 in 12 months time. In the long-term, the Ireland Gross Household Saving Ratio is projected to trend around 11.10 percent in 2021 and 9.90 percent in 2022, according to our econometric models.

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Ireland Gross Household Saving Ratio

Actual Previous Highest Lowest Dates Unit Frequency
35.40 17.20 35.40 -0.30 1999 - 2020 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2020-01-09 11:00 AM Household Saving Ratio Q3 10.7% 10.2% 10.5%
2020-04-15 10:00 AM Household Saving Ratio Q4 11.5% 11.2% 10.9%
2020-07-23 10:00 AM Household Saving Ratio Q1 16.4% 13.4% 12%
2020-10-02 10:00 AM Household Saving Ratio Q2 35.4% 17.2% 19%

Ireland Consumer Last Previous Highest Lowest Unit
Consumer Confidence 60.70 58.90 130.90 39.60 points [+]
Retail Sales MoM 1.30 4.30 38.60 -35.80 percent [+]
Retail Sales YoY 9.10 9.20 18.00 -43.70 percent [+]
Consumer Spending 21188.00 26360.00 27355.00 10831.00 EUR Million [+]
Disposable Personal Income 266155.00 251186.00 266155.00 84209.00 EUR Million [+]
Personal Savings 35.40 17.20 35.40 -0.30 percent [+]
Private Sector Credit 157270.00 158425.00 375927.00 4386.00 EUR Million [+]
Bank Lending Rate 1.10 0.90 25.00 0.90 percent [+]
Households Debt To GDP 36.70 38.50 116.30 36.70 percent of GDP [+]
Households Debt To Income 120.66 130.30 209.30 110.79 percent [+]
Consumer Credit 12069.00 12042.00 28989.00 10011.00 EUR Million [+]
Gasoline Prices 1.52 1.49 2.24 0.70 USD/Liter [+]
Consumer Confidence Current Conditions 123.40 118.00 126.80 63.80 [+]
Consumer Confidence Economic Expectations 92.70 88.80 136.40 22.50 [+]


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.