Savings Rate, Percent per annum in Australia
Australia: Savings Rate, Percent per annum was 1.86 in 2019. ▼ Falling
Savings Rate, Percent per annum in Australia, 2002–2019
Source: International Monetary Fund.
Analysis
Australia recorded 1.86 for savings rate, percent per annum in 2019. That is the lowest value across all 18 years on record.
That represents a change of down 10.2% on the previous year and down 22.1% over ten years.
Over the whole period, savings rate, percent per annum in Australia peaked at 5.11 in 2011 and was at its lowest, 1.86, in 2019.
Australia ranks 36th of 63 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Savings Rate, Percent per annum in Australia, year by year
| Year | Value | Change |
|---|---|---|
| 2002 | 2.9 | — |
| 2003 | 2.94 | +1.4% |
| 2004 | 3 | +2.0% |
| 2005 | 3.4 | +13.5% |
| 2006 | 4.03 | +18.5% |
| 2007 | 4.6 | +13.9% |
| 2008 | 5 | +8.8% |
| 2009 | 2.39 | -52.2% |
| 2010 | 3.94 | +64.8% |
| 2011 | 5.11 | +29.7% |
| 2012 | 5.03 | -1.6% |
| 2013 | 4.37 | -13.1% |
| 2014 | 3.79 | -13.3% |
| 2015 | 2.89 | -23.8% |
| 2016 | 2.33 | -19.3% |
| 2017 | 1.92 | -17.5% |
| 2018 | 2.08 | +8.0% |
| 2019 | 1.86 | -10.2% |
Australia compared with similar countries
- Australia's 1.86 is above the median for high income countries, which is 1.05, 1.8× the median. (13 countries reporting)
- Australia's 1.86 is above the median for East Asia & Pacific, which is 0.7024, 2.7× the median. (8 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.53 | 2.39 | 5 | 8 |
| 2010s | 3.33 | 1.86 | 5.11 | 10 |
Countries ranked near Australia
More financial sector data for Australia
- Reserve position in the IMF, US dollar, annual growth rate 11.9 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 83.74 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 6.56 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 61.14 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 11.9 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 83.74 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 6.56 % change on previous year (2025)
Frequently asked questions
- What is savings rate, percent per annum in Australia?
- Savings rate, percent per annum in Australia was 1.86 in 2019, according to International Monetary Fund.
- What is the highest savings rate, percent per annum recorded in Australia?
- The highest recorded value was 5.11 in 2011.
- What is the lowest savings rate, percent per annum recorded in Australia?
- The lowest recorded value was 1.86 in 2019.
- How does Australia rank for savings rate, percent per annum?
- Australia ranks 36th out of 63 countries with data for 2019.
- Is savings rate, percent per annum rising or falling in Australia?
- Over the last ten years it is down 22.1%. The long-run trend across the full record is falling.
- Where does this Australia data come from?
- The figures come from International Monetary Fund, published as part of Savings Rate, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.