For example, in Australia, the personal saving rate has averaged about 10 percent since 1960 and was as high as 19 percent in 1973. In New Zealand, household saving averaged 4 percent of household disposable income from 1987 to 1994, and was then negative for most years until 2010.
Using finance to the advantage of growth The question of what are the determinants of economic growth in the long term has been at the centre of economic analysis since this came into being as a separate science.