Household gross savings rate in Poland 2007-2023
According to the OECD, household gross savings rate compares the savings activities and consumption activities of households. It is an indicator of the financial security in bad times, for example, job loss. The household gross savings rate measures how much households are saving from their current income, but also what is added to the net wealth of a household to fund their future.
It is likely that household saving rates increase during periods of economic uncertainty, as purchases are deferred from many non-essential goods and services. Household savings are often the main domestic source of funds to finance investments in the decrease in liabilities or financial assets.
In Poland, the household gross savings rate fluctuated in the observed period. As of the fourth quarter of 2023, the household gross savings rate increased to 6.05 percent.
