Taiwan has a high household
savings ratio, which remained at 21.25% of GDP and far surpassed major economies including Germany, the United States, and Japan.
"The Scottish trade balance for 2016 worsened by PS1.6billion and the
savings ratio is at a record low.
The
savings ratio falls quickly when the ratio of working people goes down in the population onus phase.
Second, I find that the behaviour of the
savings ratio fits well with consumption theory.
The report analysed the SDG services portfolio, expenditure reports and projected cost savings to determine the cost-to
savings ratio for the Government of Dubai as a result of shared smart government services.
However, the
savings ratio is below levels that prevailed before the financial crisis, suggesting that consumers are spending pretty much every penny they earn while making limited provision for the future - if potential investment returns are low, why bother?
Turkey is known for having quite a low domestic
savings ratio while consumer spending has been bolstered by credit card debt and personal loans that more and more consumers are unable to pay off.
SHAMIM FIRPO: I find the
savings ratio very interesting because it's such a big determinant of economic activity.
Mr Archer also pointed out that the rise in unsecured consumer credit in November follows on from data from the Office for National Statistics showing that the household
savings ratio dipped to 4.4% in the third quarter of 2015, the equal lowest rate since 1963.
Though consumer optimism was at its highest level since Q2 2005, the
savings ratio fell to 5.0 per cent in Q1-14 and GDP is now 1.1 per cent above its pre-recession peak.
Consumers have dipped into savings over the past two years, causing the household
savings ratio to fall steadily.
He also expressed his concern over declining national
savings ratio to GDP 12.9% this year compared to 13.5% last year.