Savings Rate, Percent per annum in Canada
Canada: Savings Rate, Percent per annum was 0.05 in 2017. ◆ Volatile
Savings Rate, Percent per annum in Canada, 1967–2017
Source: International Monetary Fund.
Analysis
Canada recorded 0.05 for savings rate, percent per annum in 2017.
The figure is down 40.0% over ten years.
Over the whole period, savings rate, percent per annum in Canada peaked at 15.42 in 1981 and was at its lowest, 0.03, in 2015.
That places Canada 63rd out of 63 countries with data for 2017, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Savings Rate, Percent per annum in Canada, year by year
| Year | Value | Change |
|---|---|---|
| 1967 | 4.5 | — |
| 1968 | 4.92 | +9.3% |
| 1969 | 5.96 | +21.2% |
| 1970 | 6.17 | +3.5% |
| 1971 | 4.54 | -26.4% |
| 1972 | 4 | -11.9% |
| 1973 | 5.48 | +37.0% |
| 1974 | 8.5 | +55.1% |
| 1975 | 7 | -17.6% |
| 1976 | 7.83 | +11.9% |
| 1977 | 6 | -23.4% |
| 1978 | 7.04 | +17.4% |
| 1979 | 10.12 | +43.8% |
| 1980 | 11.15 | +10.1% |
| 1981 | 15.42 | +38.3% |
| 1982 | 11.5 | -25.4% |
| 1983 | 6.85 | -40.4% |
| 1984 | 7.69 | +12.2% |
| 1985 | 6.08 | -20.9% |
| 1986 | 6.02 | -1.0% |
| 1987 | 4.81 | -20.1% |
| 1988 | 5.69 | +18.2% |
| 1989 | 8.08 | +42.1% |
| 1990 | 8.77 | +8.5% |
| 1991 | 4.48 | -48.9% |
| 1992 | 2.27 | -49.3% |
| 1993 | 0.7708 | -66.1% |
| 1994 | 0.5 | -35.1% |
| 1995 | 0.5 | +0.0% |
| 1996 | 0.5 | +0.0% |
| 1997 | 0.5 | +0.0% |
| 1998 | 0.2417 | -51.7% |
| 1999 | 0.1 | -58.6% |
| 2000 | 0.1 | +0.0% |
| 2001 | 0.1 | +0.0% |
| 2002 | 0.0542 | -45.8% |
| 2003 | 0.05 | -7.7% |
| 2004 | 0.05 | +0.0% |
| 2005 | 0.05 | +0.0% |
| 2006 | 0.05 | +0.0% |
| 2007 | 0.0833 | +66.7% |
| 2008 | 0.0958 | +15.0% |
| 2009 | 0.05 | -47.8% |
| 2010 | 0.05 | +0.0% |
| 2011 | 0.05 | +0.0% |
| 2012 | 0.05 | +0.0% |
| 2013 | 0.05 | +0.0% |
| 2014 | 0.0467 | -6.7% |
| 2015 | 0.03 | -35.7% |
| 2016 | 0.05 | +66.7% |
| 2017 | 0.05 | +0.0% |
Canada compared with similar countries
- Canada's 0.05 is below the median for high income countries, which is 1.05, 5% of the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.12 | 4.5 | 5.96 | 3 |
| 1970s | 6.67 | 4 | 10.12 | 10 |
| 1980s | 8.33 | 4.81 | 15.42 | 10 |
| 1990s | 1.86 | 0.1 | 8.77 | 10 |
| 2000s | 0.0683 | 0.05 | 0.1 | 10 |
| 2010s | 0.0471 | 0.03 | 0.05 | 8 |
Countries ranked near Canada
More financial sector data for Canada
- Reserve position in the IMF, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.02 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.36 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.02 % change on previous year (2025)
Frequently asked questions
- What is savings rate, percent per annum in Canada?
- Savings rate, percent per annum in Canada was 0.05 in 2017, according to International Monetary Fund.
- What is the highest savings rate, percent per annum recorded in Canada?
- The highest recorded value was 15.42 in 1981.
- What is the lowest savings rate, percent per annum recorded in Canada?
- The lowest recorded value was 0.03 in 2015.
- How does Canada rank for savings rate, percent per annum?
- Canada ranks 63rd out of 63 countries with data for 2017.
- Is savings rate, percent per annum rising or falling in Canada?
- Over the last ten years it is down 40.0%. The long-run trend across the full record is volatile.
- Where does this Canada 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.
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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.