World Savings Day: Slovenians Save More than Average EU Citizen


Slovenians most often save in bank deposits. Slovenian households had more than EUR 14.5bn in the bank at the end of August, according to the data by the central bank. The figure was 2.2% lower than a year ago.

The level of households' saving has been declining in Slovenia since 2007, with the exception of 2009. In 2012, the decline slowed down as it fell by only 0.1 percentage point to 11.9%, which represents the share of disposable income that Slovenian households set aside for savings.

Bank deposits represent 40% of financial assets of Slovenian households, followed by investments in equity with 21%. This sets Slovenia apart from other eurozone countries, where only around a third of disposable income of households is kept in banks, while another 30% is invested in life and pension insurance schemes.

The level of saving depends greatly on the season, as it is usually highest in the first three months and then gradually declines throughout the rest of the year.

Slovenian households meanwhile invest a lower share of their disposable income than the EU average, with the exception of 2008.

The investment level was growing between 2002 and 2008, but then started falling drastically in 2009 to stand at 6.2% of households' disposable income in 2012.

Slovenian households invest most frequently in real estate. The level of such investments constantly increased between 2002 and 2008 but started dropping in 2009. Last year, Slovenian households invested 6.2% of their disposable income in real estate.

World Savings Day has been marked on 31 October since being declared at the 1st International Savings Bank Congress in Milan 1924.

With the current economic and financial crisis, saving has once again grown into a major topic.