Written answers
Thursday, 17 June 2004
Department of Finance
Personal Savings Ratio
4:00 pm
John Bruton (Meath, Fine Gael)
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Question 102: To ask the Minister for Finance the savings rate in the economy here by comparison with the average OECD rate as a whole, and each OECD country. [18201/04]
Charlie McCreevy (Kildare North, Fianna Fail)
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The table below sets out the latest available savings rate for Ireland as calculated from data published by the Central Statistics Office, National Income and Expenditure, and data for other countries as published by the OECD, Economic Outlook. It should be noted that the OECD states that countries differ in the way household disposable income is reported.
Savings as a % of disposable income | 2001 |
Australia | 3.2 |
Austria | 7.4 |
Belgium | 13.3 |
Canada | 4.5 |
Denmark | 7.0 |
Finland | -1.2 |
France | 11.5 |
Germany | 10.3 |
Ireland | 10.3 |
Italy | 15.4 |
Japan | 6.9 |
Korea | 7.7 |
Netherlands | 9.0 |
New Zealand | -4.2 |
Norway | 3.7 |
Portugal | 10.9 |
Spain | 10.1 |
Sweden | 5.2 |
Switzerland | 9.1 |
United Kingdom | 6.7 |
United States | 2.3 |
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