|
| Quarter |
2007–08 |
2008–09 |
2009–10 |
2010–11 |
2011–12 |
| Household debt ratio (a) (b) – per cent |
|
|
|
|
|
|
|
|
|
| September |
154.7 |
152.3 |
149.8 |
154.0 |
150.4 |
| December |
154.7 |
149.6 |
152.6 |
153.7 |
149.7 |
| March |
154.0 |
149.2 |
153.7 |
152.5 |
149.7 |
| June |
153.3 |
148.6 |
154.4 |
151.5 |
|
| |
|
|
|
|
|
| Household debt servicing ratio (a) - per cent |
|
|
|
|
|
|
|
|
| September |
11.8 |
13.5 |
9.5 |
11.4 |
11.4 |
| December |
12.2 |
11.2 |
10.1 |
11.6 |
11.2 |
| March |
12.8 |
9.9 |
10.6 |
11.6 |
10.9 |
| June |
13.4 |
9.2 |
11.3 |
11.6 |
|
| |
|
|
|
|
|
| Household saving ratio (a) – per cent |
|
|
|
|
|
|
|
|
|
| September |
4.1 |
4.8 |
9.9 |
9.1 |
9.9 |
| December |
3.8 |
12.6 |
8.8 |
9.2 |
9.4 |
| March |
3.9 |
11.1 |
9.2 |
10.7 |
8.9 |
| June |
3.2 |
12.3 |
8.1 |
9.4 |
9.2 |
|
|
|
|
|
|
| Annual average |
3.7 |
10.3 |
9.0 |
9.6 |
9.3 |
| |
|
|
|
|
|
(a) Quarterly figures are seasonally adjusted.
(b) At the end of the quarter.
Sources: ABS, Australian national accounts: national income, expenditure and product, Cat no. 5206.0 for the household savings ratio: RBA for the household debt and debt servicing ratios.
Update 5 December 2012 for saving ratio
Late September 2012 for debt ratios
|
Key points
The household saving ratio was fairly steady at 9.2 per cent in the June quarter 2012 (following revisions to previous quarters) and remains below the peak levels of 2008–09.
The household saving ratio was often negative from 2002 to 2005, a period of dissaving by the household sector. From 2006 the ratio turned positive indicating that conditions were conducive for households to save.
In the March quarter 2012 the household debt servicing ratio fell to 10.9 per cent, the lowest level for two years.
What is measured
The household debt ratio measures household liabilities, i.e. housing and other personal debt, as a proportion of annual household gross disposable income.
The household debt servicing ratio measures interest payments on housing and other personal debt as a proportion of household gross disposable income.
The household saving ratio measures household net saving as a proportion of household net disposable income. Household net disposable income is gross disposable income less consumption of fixed capital.
Related statistics in this bulletin
- 3.1 Gross domestic product
- 3.2 Non-farm gross domestic product
- 3.3 Wages and profits share
- 5.4 Home loan affordability
Related publications
- RBA, Bulletin
- Treasury, Budget papers
- OECD, Economic outlook
- NAB, Australian outlook and research
- Access Economics, Business outlook
- Investment and Financial Services Association, Australia’s national savings revisited, August 2007
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