Euro area: precautionary cash reserves by country 2016

This statistic shows the results of a survey showing the share of individuals in Euro area countries that have a precautionary cash reserve at home or in a safe place (e.g. safety deposit box) in 2016. Slovakia had the highest percentage of individuals with a cash reserve with 40 percent of respondents answering that they have an extra amount of cash outside of a bank. People from France on the other hand were less likely in 2016 to have a cash reserve with 15 percent.

Share of respondents that have precautionary cash reserves in the Euro area 2016, by country***

Characteristic	Yes	No	Don't know
Slovakia	40%	60%	0%
Lithuania	37%	63%	0%
Slovenia	33%	67%	0%
Latvia	32%	67%	0%
Estonia	31%	68%	0%
Netherlands*	29%	67%	4%
Ireland	28%	71%	0%
Italy	28%	72%	0%
Austria	27%	73%	0%
Cyprus	27%	73%	0%
Finland	27%	73%	0%
Portugal	27%	73%	0%
Spain	26%	73%	0%
Luxembourg	26%	74%	0%
Malta	23%	75%	2%
Greece	22%	76%	1%
Belgium	19%	80%	1%
France	15%	85%	0%

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Release date

November 2017

More information

Region

Europe

Survey time period

October 2015 to July 2016**

Number of respondents

30,871 respondents

Age group

14 years and older

Special properties

sample of the population of each country from Kantar Public's internet panels, based on three demographic characteristics: gender, age and region of residence. Purposive sampling was used.

Method of interview

Face-to-face interview, online survey

Supplementary notes

* NL category “Won’t tell” is merged with such category “Don’t know”.

** The source states that "over two-thirds of interviews were carried out in October, November [2015] and February [2016], which are considered to be fairly average months with respect to POS payments made by consumers."

*** The original question was phrased by the source as follows: "Some people like to keep cash outside a bank account as precautionary reserves or as an alternative way of saving. Do you personally keep an extra amount of cash at home or at a safe place e.g. safety deposit box?"

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