The net saving of households and non-profit institutions serving households (NPISHs) in Russia decreased by 0.9 percent of household and NPISH net disposable income (-17.31 percent) since the previous year. Nevertheless, the last two years in this industry recorded a significant higher net saving than the preceding years.
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. (July 26, 2024). Household savings as a share of total disposable income in Russia from 2011 to 2019 [Graph]. In Statista. Retrieved November 21, 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. July 26, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1227814/net-household-savings-rate-russia/
OECD. (2024). Household savings as a share of total disposable income in Russia from 2011 to 2019. Statista. Statista Inc.. Accessed: November 21, 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., 26 Jul 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, https://www.statista.com/statistics/1227814/net-household-savings-rate-russia/ (last visited November 21, 2024)
Household savings as a share of total disposable income in Russia from 2011 to 2019 [Graph], OECD, July 26, 2024. [Online]. Available: https://www.statista.com/statistics/1227814/net-household-savings-rate-russia/