{"id":523618,"date":"2026-04-10T16:35:08","date_gmt":"2026-04-10T16:35:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/523618\/"},"modified":"2026-04-10T16:35:08","modified_gmt":"2026-04-10T16:35:08","slug":"irish-households-saved-average-of-e2bn-every-month-in-2025-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/523618\/","title":{"rendered":"Irish households saved average of \u20ac2bn every month in 2025 \u2013 The Irish Times"},"content":{"rendered":"

Irish households saved an estimated \u20ac24 billion in 2025, according to new provisional figures from the Central Statistics Office (CSO)<\/a>, or an average of \u20ac2 billion per month.<\/p>\n

Overall, household total disposable income was at \u20ac185 billion, while consumer spending was \u20ac161 billion, leaving gross household savings of \u20ac24 billion, largely unchanged from 2024.<\/p>\n

As a result, the household saving rate was provisionally estimated at 13 per cent in 2025, down from 13.3 per cent in 2024. <\/p>\n

The CSO said the seasonally adjusted savings rate in the fourth quarter of last year was provisionally estimated at 10.9 per cent. This was the lowest rate in more than a decade, since a 10.7 per cent saving rate was recorded in the first quarter of 2016.<\/p>\n

\u201cThe saving rate tends to be lower in the fourth quarter due to additional household spending at Christmas,\u201d the CSO said. \u201cDisposable income in this sector is also affected by tax payments for the self-employed, generally being paid in the fourth quarter. <\/p>\n

Late last month, Minister for Finance Simon Harris unveiled details of a plan to encourage households to invest more of their savings, with money put into a special savings scheme<\/a> set to attract a lower flat rate of tax \u2013 and avoiding taxation on capital gains.<\/p>\n

The proposal, which is expected to be unveiled in Budget 2027, is likely to be styled on a Swedish model, where the rate of tax is linked to the market rate \u2013 or yield \u2013 that applies to the Government\u2019s benchmark bonds. The Swedish tax rate is currently 1.065 per cent.<\/p>\n

Meanwhile, the CSO said that Irish gross domestic product (GDP) – the total value of all goods and services produced within the economy – rose by an estimated 13.5 per cent to \u20ac639 billion.<\/p>\n

However, it said that more than \u20ac200 billion of this value added in 2025 flowed out of the domestic economy to corporations\u2019 owners abroad as profits and dividends<\/p>\n","protected":false},"excerpt":{"rendered":"Irish households saved an estimated \u20ac24 billion in 2025, according to new provisional figures from the Central Statistics…\n","protected":false},"author":2,"featured_media":523619,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,12015,1294,181909,42257,56,54,55],"class_list":{"0":"post-523618","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-central-statistics-office","10":"tag-economy","11":"tag-savings-and-investment-union","12":"tag-simon-harris","13":"tag-uk","14":"tag-united-kingdom","15":"tag-unitedkingdom"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/523618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=523618"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/523618\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/523619"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=523618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=523618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=523618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}