Deputy John Deasy asked the Minister for Finance Ireland's gross domestic saving rate as a percentage of GDP.
Reply from Minister Michael Noonan: I am assuming the Deputy is referring to the household savings rate. The latest preliminary estimates from the Central Statistics Office indicate that gross household savings amounted to €11,084 million in 2012. This equates to 6.8 per cent of GDP in 2012.
I would point out that the gross household savings rate is typically expressed as a percentage of gross household disposable income. Expressed in this way, the savings rate was 12.5 per cent last year.