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Can you guess in which countries families saved the most and least? [infographic]

Can you guess in which countries families saved the most and the least? saved the most and least

The Global Finance Magazine  published an article aggregating household savings rates across the world for 2015, defined as the “the difference between a household’s disposable income (wages, income of the self-employed and net property income) and its consumption (expenditures on goods and services).

Howmuch.net then built this map to provide a visualization with the map size of the country is scaled based on the household savings rate.

Countries appear larger the greater the savings rate.

Howmuch.net

 

 Countries with the Highest Savings Rates 
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  • Switzerland: 17.82%

  • Luxembourg: 17.34%

  • Sweden: 15.83%

  • Germany: 9.55%

  • Hungary: 9.02%

Countries with the Highest GDP Per Capita

  • Luxembourg: $102,900

  • Norway: $68,400

  • Australia: $65,400

  • Switzerland: $59,300

  • United States: $56,300

Countries with the Lowest Savings Rates Countries with the Lowest Savings Rates

  • Denmark: -4.06%

  • Finland: 0.82%

  • Japan: 2.42%

  • Spain: 2.88%

  • Estonia: 2.93%

Countries with the Lowest GDP Per Capita

  • Hungary: $26,000

  • Poland: $26,400

  • Estonia: $28,700

  • Slovak Republic: $29,500

  • Slovenia: $30,900

Higher GDP per capita does not mean a higher savings rate!

The data shows that having a higher GDP per capita does not necessarily mean a country will have a higher savings rate.Higher GDP per capita

For instance, Hungary ($26,000 GDP per capita) has a higher savings rate than Norway, Australia, United States, and Ireland, all of which have more than double the GDP per capita of Hungary.

As a matter of fact, Switzerland, which has the highest savings rate of the 25 countries compared in our map, has nearly half the GDP per capita ($59,300) as the highest GDP per capita in our map, Luxembourg ($102,900).

Denmark, which has a GDP per capita of $45,800 even has a negative savings rate of -4.06%! As seen by the map and data, savings rates differ widely across continents.

Source: This World Map Shows Where Families Save the Most Money via Howmuch.net



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Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


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