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.