§ Mr. ClappisonTo ask the Chancellor of the Exchequer what the savings ratio was in each year since 1979. [144032]
§ Ruth KellyThe information requested falls within the responsibility of the National Statistician, who has been asked to reply.
Letter from Colin Mowl to Mr Clappison dated 17 December 2003:
The National Statistician has been asked to reply to your Parliamentary Question on the saving ratio. I am replying in his absence.914WThe information requested is shown in the table below. The data are presented as annual values for 1979 to 2002.
Household saving ratio Year Percentage 1979 10.9 1980 12.4 1981 12.1 1982 10.9 1983 9.0 1984 10.3 1985 9.8 1986 8.2 1987 6.4 1988 4.9 1989 6.7 1990 8.0 1991 10.2 1992 11.6 1993 10.8 1994 9.3 1995 10.0 1996 9.3 1997 9.6 1998 6.4 1999 5.3 2000 5.5 2001 6.7 2002 5.3 The households' series used for these data are for the combined household and non-profit institutions serving households (NPISH) sectors. The accounts for the household and NPISH sectors are currently combined: separate estimates are not available. The above ratio represents households saving as a percentage of total resources.