Portuguese families increase savings in the 4th quarter of 2024

by Andrea
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Portuguese families increase savings in the 4th quarter of 2024

Family savings rate was set in the fourth quarter of 2024, 15.2% in the eurozone and 14.5% in the European Union (EU), with Portugal registering the highest quarterly growth (2.1 percentage points), Eurostat discloses this Monday.

In euro countries, the families’ savings rate advanced at 14.8% of the same -year -old period and retreated a slight 0.1 percentage points (PP) compared to the third quarter of 2024.

In the EU, according to the European statistical service, the 14.5% of families savings rate represents a homologous rise (13.7% in the fourth quarter of 2023) and also compared to the previous period.

Among the Member States for which there is data available, Portugal presented, between October and December 2024, the largest chain rise in the indicator (2.1 pp), followed by Finland (1.5%) and Denmark (1.0%).

The Czech Republic (-0.9 pp), Hungary (-0.8 pp) and Italy (-0.7 pp) presented the main setbacks.

Regarding the families’ investment rate, in the eurozone, it slowed down to 9.1%, either compared to 9.6% of the same period of the same period, and the 9.2% of the third quarter of 2024.

In the EU, the investment rate of families was set, in the last three months of 2024, in 8.8%, stable in the quarterly comparison but retreating to the 9.3% homologous.

Greece and Spain recorded the only quarterly increases of 0.2 pp, while the largest descents were observed in Ireland (-1.3 pp), Hungary (-0.6 pp) and Denmark (-0.4 pp).

In Portugal, the families investment rate slowed 0.1 percentage points between October and December 2024, compared to the previous quarter.

Eurostat does not have, for these indicators, homologous comparisons.

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