Household Savings Rate Projections in Cyprus Until 2026
November 19, 2024
The European Commission estimates that the savings rate of households in Cyprus will reach 12.2% by 2026. This rate is expected to gradually increase from 10.9% in 2024 and 11.6% in 2025. However, it is lower than the 15% recorded in 2021 when pandemic restrictions led to higher savings. Compared to other Eurozone countries, Cyprus still maintains a relatively high savings rate.