Russia: net household savings rate

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.

Find more statistics on other topics about Russia with key insights such as gross adjusted household disposable income and savings rate as a share of household disposable income.

Household savings as a share of total disposable income in Russia from 2011 to 2019

Characteristic	Household savings as share disposable income
2019	4.33%
2018	5.2%
2017	8.71%
2016	9.51%
2015	9.21%
2014	4.15%
2013	3.98%
2012	3.54%
2011	3.74%

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Release date

July 2024

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Region

Russia

Survey time period

2011 to 2019

Supplementary notes

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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