Eurostat: Greece and Romania the only EU countries with negative savings rates

A new Eurostat survey on household savings across the European Union in 2023 paints a troubling picture for Greece and Romania, the only member states to record negative savings rates of -1.9% and -6.8%, respectively. This signifies that households in these countries are spending more than their gross disposable income, relying on accumulated savings or borrowing to cover their needs.

The Press Project
29 Νοεμβρίου 2024 | 20:29:17

According to Eurostat data, while the average EU household saved 13.2% of its disposable income, Greece and Romania stand out with rates below zero.

In contrast, the highest gross savings rates among EU countries were observed in the Czech Republic (19.4%), Germany (19.3%), and Hungary (19.0%), with Switzerland surpassing all at 22.0%.

A total of 11 EU member states recorded savings rates below 10.0% in 2023, but only Greece and Romania registered negative figures.

______________________________________________

Are you seeking news from Greece presented from a progressive, non-mainstream perspective? Subscribe monthly or annually to support TPP International in delivering independent reporting in English. Don’t let Greek progressive voices fade.

Make sure to reference “TPP International” and your order number as the reason for payment.

ThePressProject

Newsroom

Σε χρειαζόμαστε

Συνδεθείτε μέσω TPP Community

Newsroom

Σε χρειαζόμαστε

Στην κατηγορία

Karystianou: “We will compel the investigator to act, or he will face legal action”

New refugee shipwreck in Samos: at least four dead, including two children