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The ratio of national net saving to national net disposable income in quarterly trend terms is shown in the following graph. The ratio was particularly low during the recession in the early 1990s. In recent years it has been around 4%, and in the June quarter 2002 the ratio was 3.6%.
The national income account shows the sources and distribution of incomes in the economy, and how much of the national income is spent on final consumption. The part of income which is not spent on final consumption is saving.
The national income account records compensation of employees, gross operating surplus, gross mixed income and taxes less subsidies on production and imports. Net payments of income and current transfers to overseas are deducted to give an estimate of gross disposable income.
Gross disposable income is used for final consumption expenditure, with the balance being the nation’s gross saving - a source of finance for gross capital formation. Gross saving less consumption of fixed capital gives an estimate of net saving.
Australian National Accounts: Concepts, Sources and Methods (5216.0)
Contains a detailed explanation of the system of Australian national accounts outlining major concepts and definitions.
Australian National Accounts: National Income, Expenditure and Product (5206.0)
Contains quarterly data for the national income account as well as quarterly income accounts for the households and general government sectors.
Australian System of National Accounts (5204.0)
Contains annual data for the national income account as well as income accounts for each sector.