7% of household income was left unspent in the first quarter of 2017, the lowest savings ratio
since comparable records began in 1963.
Qatar's ranking was positively impacted by a number of factors, including: strong economic performance represented by low unemployment rate, high fixed capital formation ratio of GDP, domestic savings ratio
of GDP, trade balance ratio of GDP, and overall productivity increase.
The savings ratio
falls quickly when the ratio of working people goes down in the population onus phase.
The report analysed the SDG services portfolio, expenditure reports and projected cost savings to determine the cost-to savings ratio
for the Government of Dubai as a result of shared smart government services.
However, the savings ratio
is below levels that prevailed before the financial crisis, suggesting that consumers are spending pretty much every penny they earn while making limited provision for the future - if potential investment returns are low, why bother?
Turkey is known for having quite a low domestic savings ratio
while consumer spending has been bolstered by credit card debt and personal loans that more and more consumers are unable to pay off.
SHAMIM FIRPO: I find the savings ratio
very interesting because it's such a big determinant of economic activity.
Mr Archer also pointed out that the rise in unsecured consumer credit in November follows on from data from the Office for National Statistics showing that the household savings ratio
dipped to 4.
The nation's household savings ratio
fell to nine per cent in the third quarter from 9.
By comparison to Western economies, this is more than six times the proportion set aside there--official Government data in both Britain and the US showed that the savings ratio
fell to just 4.
The report showed that among the most important factors of the points of strength enjoyed by the Kingdom economically are the positive outlook in terms of continuing achievement of good growth rates, ensuring security and stability in the Kingdom, low public debt and inflation relatively, high savings ratio
to Gross Domestic Product, and the improvement of the infrastructure particularly in electricity, air transport and other infrastructure projects taking place in all regions of the Kingdom, in addition to the safety of bank situations, the availability of the latest technology, the size of the domestic market, the spread of basic education, and the low percentage of outbreaks of infectious diseases.
Though consumer optimism was at its highest level since Q2 2005, the savings ratio
fell to 5.