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South Africa Personal Savings

Price

0.2 %

Change +/-

-0.2 %

Percentage Change

-66.67 %

The current value of the Personal Savings in South Africa is 0.2 %. The Personal Savings in South Africa decreased to 0.2 % on 6/1/2022, after it was 0.4 % on 3/1/2022. From 3/1/1960 to 12/1/2023, the average GDP in South Africa was 4.42 %. The all-time high was reached on 6/1/1972 with 23.8 %, while the lowest value was recorded on 12/1/2007 with -2.4 %.

Source: Statistics South Africa

Personal Savings ·

3 years
5 years
10 years
25 Years
Max

Personal Savings

	Personal Savings
3/1/1960	11.2 %
6/1/1960	5.2 %
9/1/1960	5.6 %
12/1/1960	7.9 %
3/1/1961	10.5 %
6/1/1961	13 %
9/1/1961	13.3 %
12/1/1961	13.5 %
3/1/1962	17.9 %
6/1/1962	19.4 %
9/1/1962	9.6 %
12/1/1962	11.7 %
3/1/1963	12.2 %
6/1/1963	12.2 %
9/1/1963	16.2 %
12/1/1963	9.7 %
3/1/1964	12.4 %
6/1/1964	8.6 %
9/1/1964	10.2 %
12/1/1964	3.7 %
3/1/1965	7.9 %
6/1/1965	3 %
9/1/1965	12.9 %
12/1/1965	12.3 %
3/1/1966	17.3 %
6/1/1966	10.3 %
9/1/1966	6.3 %
12/1/1966	9.9 %
3/1/1967	11.1 %
6/1/1967	11.2 %
9/1/1967	7 %
12/1/1967	15.8 %
3/1/1968	16.3 %
6/1/1968	14.3 %
9/1/1968	6.7 %
12/1/1968	11.7 %
3/1/1969	12.8 %
6/1/1969	11.1 %
9/1/1969	8.3 %
12/1/1969	3.9 %
3/1/1970	10.7 %
6/1/1970	10.4 %
9/1/1970	5.6 %
12/1/1970	4.9 %
3/1/1971	12.2 %
6/1/1971	7.3 %
9/1/1971	15.8 %
12/1/1971	12.6 %
3/1/1972	13.9 %
6/1/1972	23.8 %
12/1/1972	10.1 %
3/1/1973	15 %
6/1/1973	9.4 %
9/1/1973	2.6 %
12/1/1973	3.9 %
3/1/1974	10.6 %
6/1/1974	12.3 %
9/1/1974	1.9 %
12/1/1974	6.9 %
3/1/1975	9 %
6/1/1975	10.6 %
9/1/1975	6.8 %
12/1/1975	9 %
3/1/1976	7.9 %
6/1/1976	5.2 %
9/1/1976	4.3 %
12/1/1976	7.1 %
3/1/1977	15.7 %
6/1/1977	12.2 %
9/1/1977	9.4 %
12/1/1977	9.5 %
3/1/1978	12.4 %
6/1/1978	0.4 %
9/1/1978	10.2 %
12/1/1978	9.2 %
3/1/1979	14.4 %
6/1/1979	9.2 %
9/1/1979	5.1 %
12/1/1979	15.5 %
3/1/1980	22.8 %
6/1/1980	11 %
9/1/1980	3.1 %
12/1/1980	7.5 %
3/1/1981	5.4 %
6/1/1981	2.9 %
12/1/1981	4.2 %
3/1/1982	9 %
9/1/1982	0.6 %
12/1/1982	1.2 %
3/1/1983	8.1 %
6/1/1983	3 %
9/1/1983	0.6 %
12/1/1983	1.9 %
3/1/1984	2.3 %
6/1/1984	5 %
9/1/1984	7.8 %
12/1/1984	4 %
3/1/1985	10 %
6/1/1985	6.2 %
9/1/1985	6.4 %
12/1/1985	6.6 %
3/1/1986	6.2 %
6/1/1986	2 %
9/1/1986	5.5 %
12/1/1986	5.4 %
3/1/1987	10.4 %
6/1/1987	6.7 %
9/1/1987	1.7 %
12/1/1987	7.3 %
3/1/1988	4.8 %
6/1/1988	3 %
9/1/1988	10 %
12/1/1988	5.9 %
3/1/1989	3.7 %
6/1/1989	2.4 %
9/1/1989	9.5 %
12/1/1989	6.5 %
3/1/1990	2.1 %
9/1/1990	4.7 %
12/1/1990	6.9 %
3/1/1991	1.9 %
6/1/1991	3.6 %
9/1/1991	1.7 %
12/1/1991	5.3 %
3/1/1992	7.7 %
6/1/1992	6 %
9/1/1992	3.2 %
12/1/1992	7.6 %
3/1/1993	9.7 %
6/1/1993	6.1 %
9/1/1993	4.1 %
3/1/1994	0.7 %
6/1/1994	1.6 %
9/1/1994	3 %
12/1/1994	6.9 %
3/1/1995	0.7 %
6/1/1995	0.7 %
9/1/1995	5.1 %
12/1/1995	3.3 %
6/1/1996	3.9 %
9/1/1996	2.6 %
12/1/1996	2.6 %
3/1/1997	5.4 %
6/1/1997	4.4 %
9/1/1997	2.4 %
12/1/1997	2.2 %
3/1/1998	3.5 %
6/1/1998	3.6 %
9/1/1998	1.8 %
12/1/1998	1.8 %
3/1/1999	2.7 %
6/1/1999	3.2 %
9/1/1999	1.5 %
12/1/1999	1.7 %
3/1/2000	1.8 %
6/1/2000	1.5 %
9/1/2000	2.1 %
12/1/2000	2.3 %
3/1/2001	1.2 %
9/1/2001	2.1 %
12/1/2001	2.8 %
3/1/2002	2.2 %
6/1/2002	2 %
9/1/2002	1.5 %
12/1/2002	0.6 %
3/1/2003	1 %
6/1/2003	1 %
9/1/2003	1.1 %
12/1/2003	1.1 %
3/1/2004	1.2 %
6/1/2004	0.9 %
9/1/2004	0.7 %
12/1/2004	0.8 %
3/1/2005	0.7 %
6/1/2005	0.5 %
9/1/2005	0.9 %
6/1/2017	0.1 %
9/1/2017	0.2 %
12/1/2017	0.1 %
6/1/2018	0.5 %
6/1/2020	0.8 %
9/1/2020	1.7 %
12/1/2020	1.4 %
3/1/2021	1.1 %
6/1/2021	0.8 %
9/1/2021	1.2 %
12/1/2021	0.7 %
3/1/2022	0.4 %
6/1/2022	0.2 %

Personal Savings History

Date	Value
6/1/2022	0.2 %
3/1/2022	0.4 %
12/1/2021	0.7 %
9/1/2021	1.2 %
6/1/2021	0.8 %
3/1/2021	1.1 %
12/1/2020	1.4 %
9/1/2020	1.7 %
6/1/2020	0.8 %
6/1/2018	0.5 %
12/1/2017	0.1 %
9/1/2017	0.2 %
6/1/2017	0.1 %
9/1/2005	0.9 %
6/1/2005	0.5 %
3/1/2005	0.7 %
12/1/2004	0.8 %
9/1/2004	0.7 %
6/1/2004	0.9 %
3/1/2004	1.2 %
12/1/2003	1.1 %
9/1/2003	1.1 %
6/1/2003	1 %
3/1/2003	1 %
12/1/2002	0.6 %
9/1/2002	1.5 %
6/1/2002	2 %
3/1/2002	2.2 %
12/1/2001	2.8 %
9/1/2001	2.1 %
3/1/2001	1.2 %
12/1/2000	2.3 %
9/1/2000	2.1 %
6/1/2000	1.5 %
3/1/2000	1.8 %
12/1/1999	1.7 %
9/1/1999	1.5 %
6/1/1999	3.2 %
3/1/1999	2.7 %
12/1/1998	1.8 %
9/1/1998	1.8 %
6/1/1998	3.6 %
3/1/1998	3.5 %
12/1/1997	2.2 %
9/1/1997	2.4 %
6/1/1997	4.4 %
3/1/1997	5.4 %
12/1/1996	2.6 %
9/1/1996	2.6 %
6/1/1996	3.9 %
12/1/1995	3.3 %
9/1/1995	5.1 %
6/1/1995	0.7 %
3/1/1995	0.7 %
12/1/1994	6.9 %
9/1/1994	3 %
6/1/1994	1.6 %
3/1/1994	0.7 %
9/1/1993	4.1 %
6/1/1993	6.1 %
3/1/1993	9.7 %
12/1/1992	7.6 %
9/1/1992	3.2 %
6/1/1992	6 %
3/1/1992	7.7 %
12/1/1991	5.3 %
9/1/1991	1.7 %
6/1/1991	3.6 %
3/1/1991	1.9 %
12/1/1990	6.9 %
9/1/1990	4.7 %
3/1/1990	2.1 %
12/1/1989	6.5 %
9/1/1989	9.5 %
6/1/1989	2.4 %
3/1/1989	3.7 %
12/1/1988	5.9 %
9/1/1988	10 %
6/1/1988	3 %
3/1/1988	4.8 %
12/1/1987	7.3 %
9/1/1987	1.7 %
6/1/1987	6.7 %
3/1/1987	10.4 %
12/1/1986	5.4 %
9/1/1986	5.5 %
6/1/1986	2 %
3/1/1986	6.2 %
12/1/1985	6.6 %
9/1/1985	6.4 %
6/1/1985	6.2 %
3/1/1985	10 %
12/1/1984	4 %
9/1/1984	7.8 %
6/1/1984	5 %
3/1/1984	2.3 %
12/1/1983	1.9 %
9/1/1983	0.6 %
6/1/1983	3 %
3/1/1983	8.1 %
12/1/1982	1.2 %
9/1/1982	0.6 %
3/1/1982	9 %
12/1/1981	4.2 %
6/1/1981	2.9 %
3/1/1981	5.4 %
12/1/1980	7.5 %
9/1/1980	3.1 %
6/1/1980	11 %
3/1/1980	22.8 %
12/1/1979	15.5 %
9/1/1979	5.1 %
6/1/1979	9.2 %
3/1/1979	14.4 %
12/1/1978	9.2 %
9/1/1978	10.2 %
6/1/1978	0.4 %
3/1/1978	12.4 %
12/1/1977	9.5 %
9/1/1977	9.4 %
6/1/1977	12.2 %
3/1/1977	15.7 %
12/1/1976	7.1 %
9/1/1976	4.3 %
6/1/1976	5.2 %
3/1/1976	7.9 %
12/1/1975	9 %
9/1/1975	6.8 %
6/1/1975	10.6 %
3/1/1975	9 %
12/1/1974	6.9 %
9/1/1974	1.9 %
6/1/1974	12.3 %
3/1/1974	10.6 %
12/1/1973	3.9 %
9/1/1973	2.6 %
6/1/1973	9.4 %
3/1/1973	15 %
12/1/1972	10.1 %
6/1/1972	23.8 %
3/1/1972	13.9 %
12/1/1971	12.6 %
9/1/1971	15.8 %
6/1/1971	7.3 %
3/1/1971	12.2 %
12/1/1970	4.9 %
9/1/1970	5.6 %
6/1/1970	10.4 %
3/1/1970	10.7 %
12/1/1969	3.9 %
9/1/1969	8.3 %
6/1/1969	11.1 %
3/1/1969	12.8 %
12/1/1968	11.7 %
9/1/1968	6.7 %
6/1/1968	14.3 %
3/1/1968	16.3 %
12/1/1967	15.8 %
9/1/1967	7 %
6/1/1967	11.2 %
3/1/1967	11.1 %
12/1/1966	9.9 %
9/1/1966	6.3 %
6/1/1966	10.3 %
3/1/1966	17.3 %
12/1/1965	12.3 %
9/1/1965	12.9 %
6/1/1965	3 %
3/1/1965	7.9 %
12/1/1964	3.7 %
9/1/1964	10.2 %
6/1/1964	8.6 %
3/1/1964	12.4 %
12/1/1963	9.7 %
9/1/1963	16.2 %
6/1/1963	12.2 %
3/1/1963	12.2 %
12/1/1962	11.7 %
9/1/1962	9.6 %
6/1/1962	19.4 %
3/1/1962	17.9 %
12/1/1961	13.5 %
9/1/1961	13.3 %
6/1/1961	13 %
3/1/1961	10.5 %
12/1/1960	7.9 %
9/1/1960	5.6 %
6/1/1960	5.2 %
3/1/1960	11.2 %

...

Similar Macro Indicators to Personal Savings

Name	Current	Previous	Frequency
🇿🇦 Bank loan interest rate	11.5 %	11.5 %	Monthly
🇿🇦 Consumer Confidence	-12 points	-15 points	Quarter
🇿🇦 Consumer spending	3.133 T ZAR	3.089 T ZAR	Quarter
🇿🇦 Disposable Personal Income	4.561 T ZAR	4.494 T ZAR	Quarter
🇿🇦 Gasoline Prices	1.39 USD/Liter	1.34 USD/Liter	Monthly
🇿🇦 Household Debt to GDP	34.6 % of GDP	34.4 % of GDP	Quarter
🇿🇦 Household Debt to Income	62.4 %	62 %	Annually
🇿🇦 Private Sector Credit	4.26 %	3.9 %	Monthly
🇿🇦 Retail Sales MoM	0.5 %	-0.2 %	Monthly
🇿🇦 Retail Sales YoY	0.6 %	2.3 %	Monthly

In South Africa, the household saving ratio represents the portion of income that households save over a specified period, calculated at current prices.

Macro pages for other countries in Africa

What is Personal Savings?

Personal Savings: A Critical Component of Macroeconomic Stability Introduction In the intricate world of macroeconomics, few elements hold as much significance as personal savings. The concept of personal savings touches on various spheres, including individual financial security, national economic stability, and global economic health. At Eulerpool, we strive to provide a comprehensive understanding of this foundational facet of macroeconomic analysis. Personal savings encapsulates the portion of personal income that individuals set aside rather than spend on current consumption. The Role of Personal Savings in Economic Stability Personal savings play an instrumental role in economic stability. A higher rate of savings contributes to the accumulation of capital, which is essential for investment and long-term economic growth. When individuals save, financial institutions can lend these funds to businesses for expansion, innovation, and infrastructure development, which, in turn, fosters economic growth. Furthermore, personal savings act as a buffer against economic uncertainties. During times of economic downturns or recessions, households with substantial savings are better equipped to weather financial shocks, thereby contributing to overall economic stability. Savings and Consumption Balance A delicate balance exists between savings and consumption. While savings are crucial for future financial security, consumption drives immediate economic activity. High levels of personal savings can sometimes lead to lower levels of consumption in the short term, potentially resulting in reduced economic activity. However, personal savings also enable investment, which can lead to greater consumption in the long run through increased income and economic growth. Therefore, understanding the interplay between personal savings and consumption is vital for macroeconomic policy formulation aimed at achieving sustainable economic growth and stability. Personal Savings and Interest Rates Interest rates are a pivotal factor influencing personal savings. Generally, higher interest rates incentivize saving by offering better returns on saved funds. Conversely, lower interest rates tend to discourage savings and promote borrowing and spending. Central banks, including the Federal Reserve in the United States and the European Central Bank in the Eurozone, manipulate interest rates to manage economic activity. By adjusting interest rates, these institutions aim to strike a balance between encouraging savings and stimulating consumption and investment. Understanding the relationship between personal savings and interest rates is crucial for policymakers and economic analysts in predicting and managing economic trends. Personal Savings and Wealth Accumulation One of the primary motivations for personal savings is wealth accumulation. Over time, saved funds can grow through interest or investment returns, contributing to an individual’s wealth. This accumulation of wealth is essential for funding long-term financial goals, such as purchasing a home, paying for education, or securing retirement. At Eulerpool, we provide data and analysis on personal savings trends, enabling individuals and policymakers to make informed decisions on wealth management and economic planning. By examining how personal savings contribute to wealth accumulation, we gain insights into broader economic trends and individual financial behaviors. The Impact of Personal Savings on National Savings Personal savings are a critical component of national savings, which also includes business and government savings. High levels of personal savings contribute to strong national savings, bolstering a country's ability to fund investment internally without relying excessively on foreign capital. This internal funding is vital for maintaining economic independence and reducing vulnerability to external economic shocks. Moreover, a higher national savings rate often correlates with robust economic health and resilience. By tracking personal savings, Eulerpool helps assess a country's economic stability and long-term growth prospects, offering a clearer picture of its financial health and policy needs. Demographic Influences on Personal Savings Demographic factors also significantly influence personal savings rates. Age, income levels, and family structure are key determinants of saving behavior. Typically, younger individuals may save less due to lower income and higher consumption needs, while middle-aged individuals tend to save more as they prepare for retirement. Similarly, higher income levels generally facilitate greater saving capacity. Understanding these demographic influences allows for a more nuanced analysis of personal savings trends and their implications for economic policy. Eulerpool's macroeconomic data provides insights into these demographic trends, aiding in the formulation of targeted financial strategies and policies. Conclusion Personal savings are a cornerstone of both individual financial security and broader economic stability. They provide a foundation for investment, wealth accumulation, and economic resilience. By balancing saving and consumption, managing interest rates, and understanding demographic influences, individuals and policymakers can navigate the complexities of economic growth and stability. At Eulerpool, we are committed to delivering detailed and insightful analysis into personal savings and its macroeconomic impacts. Our comprehensive data enables informed decision-making, fostering a deeper understanding of how personal savings contribute to a resilient and thriving economy.

Country

South Africa

Continent

Africa

Highest Value

23.8

Lowest Value

-2.4

Average Value

4.42

All Macro Indicators for South Africa

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