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Personal Savings Ratio.

Dáil Éireann Debate, Thursday - 17 June 2004

Thursday, 17 June 2004

Questions (102)

John Bruton

Question:

102 Mr. J. Bruton asked the Minister for Finance the savings rate in the economy here by comparison with the average OECD rate as a whole, and each OECD country. [18201/04]

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Written answers

The table below sets out the latest available savings rate for Ireland as calculated from data published by the Central Statistics Office, National Income and Expenditure, and data for other countries as published by the OECD, Economic Outlook. It should be noted that the OECD states that countries differ in the way household disposable income is reported.

Savings as a % of disposable income

2001

Australia

3.2

Austria

7.4

Belgium

13.3

Canada

4.5

Denmark

7.0

Finland

-1.2

France

11.5

Germany

10.3

Ireland

10.3

Italy

15.4

Japan

6.9

Korea

7.7

Netherlands

9.0

New Zealand

-4.2

Norway

3.7

Portugal

10.9

Spain

10.1

Sweden

5.2

Switzerland

9.1

United Kingdom

6.7

United States

2.3

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