The savings rate as a share of household disposable income in Russia decreased to 4.33 percent since the previous year. Nevertheless, the last two years recorded a significant higher share than the preceding years. The net household savings as a share of their net disposable income shows the ability of the average household to save money. More specifically, it shows what portion of their income they saved.
The source adds the following information: 'Net household saving is defined as household net disposable income plus the adjustment for the change in pension entitlements less household final consumption expenditure (households also include non-profit institutions serving households). The adjustment item concerns (mandatory) saving of households, by building up funds in employment-related pension schemes. Household saving is the main domestic source of funds to finance capital investments, a major impetus for long-term economic growth. The net household saving rate represents the total amount of net saving as a percentage of net household disposable income. It thus shows how much households are saving out of current income and also how much income they have added to their net wealth. All OECD countries compile their data according to the 2008 System of National Accounts (SNA).'
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OECD. (November 24, 2023). Household savings as a share of total disposable income in Russia from 2011 to 2019 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1227814/net-household-savings-rate-russia/
OECD. "Household savings as a share of total disposable income in Russia from 2011 to 2019." Chart. November 24, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1227814/net-household-savings-rate-russia/
OECD. (2023). Household savings as a share of total disposable income in Russia from 2011 to 2019. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1227814/net-household-savings-rate-russia/
OECD. "Household Savings as a Share of Total Disposable Income in Russia from 2011 to 2019." Statista, Statista Inc., 24 Nov 2023, https://www.statista.com/statistics/1227814/net-household-savings-rate-russia/
OECD, Household savings as a share of total disposable income in Russia from 2011 to 2019 Statista, https://www.statista.com/statistics/1227814/net-household-savings-rate-russia/ (last visited July 22, 2024)
Household savings as a share of total disposable income in Russia from 2011 to 2019 [Graph], OECD, November 24, 2023. [Online]. Available: https://www.statista.com/statistics/1227814/net-household-savings-rate-russia/