Household Saving Rate in the United Kingdom increased to 11.10 percent in the first quarter of 2024 from 10.20 percent in the fourth quarter of 2023. Personal Savings in the United Kingdom averaged 7.78 percent from 1955 until 2024, reaching an all time high of 27.40 percent in the second quarter of 2020 and a record low of -0.90 percent in the fourth quarter of 1958. source: Office for National Statistics
Personal Savings in the United Kingdom is expected to be 6.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Household Saving Ratio is projected to trend around 5.00 percent in 2025, according to our econometric models.