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America’s household savings compared to other countries

How does America’s household (personal) savings rates compare to other countries of the world? According to the Organisation for Economic and Co-Operation and Development(OECD), the study’s results are shown below for many of the industrialized countries of the world:

For the year 2006:

France 12.1%
Germany 10.5%
Belgium 10.3%
Spain 10.3%

Austria 9.7%
Switzerland 9.3%
Italy 8.7%
Portugal 8.4%
Sweden 8.3%
Poland 6.8%
Netherlands 6.4%
United Kingdom 5.0%

Korea 3.9%
Japan 3.7%
Canada 2.3%
Norway 1.3%
United States 0.4%

Czech Republic 0.0%
Denmark -0.2%
Australia -0.5%
Finland -2.5%

*Above are based on the percentage of disposable household income that is saved.

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