Saving rate of households in Italy 2016-2024

Between 2016 and 2019, the saving rate of Italian households stood stable at about ten percent. However, 2020 represents an exception as this figure is projected to reach 17.4 percent that year. The households' saving rate is calculated by dividing the gross saving by the adjusted gross disposable income.
Favorable economic conditions encourage higher spending, leading to a consequently drop in the savings rates. In 2020, Italy's economy has been significantly affected by the COVID-19 pandemic. An uncertain economic situation is likely to lead to a more precautionary behavior among consumers, which results in a high saving rate.