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Tuesday 17.07.2018 | Name days: Aleksejs, Aleksis

Estonian households have biggest savings in Baltic

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The unpretentious consumers’ mood in the period with rising employment rate and household income has caused positive changes in household finance during the last year reporting increase in savings.

According to SEB Bank experts, comparing savings and financial liabilities of households in Baltic states, it can be concluded that households in Estonia have the biggest savings and also the highest loan proportion per person. The lowest loan/savings proportion is in Lithuanian households as savings per person there are higher than loans per person. The lowest savings rate in finance institutions is in Latvia, however this cannot be said about the amount of loans per person.

Savings and loans in Baltic states per person: Estonia – 3549 euro against 5359 euro, Lithuania – 2413 euro against 2363 euro, Latvia – 1853 euro against 3410 euro.

Consumer loyalty index which shows the general mood of households reports different dynamics in recent months. Estonian households, which traditionally show more loyalty than European Union households on average, in November 2011 fell to -17.1 thus evening the big difference with other Baltic states.

In March 2012 the consumer loyalty index was -12.9 giving Estonians a little higher assessment than on average in the European Union (-19.3). Loyalty index in Latvia and Lithuania is similar to the average European Union index: in March 2012 it was -18.1 in Latvia, and -21.3 in Lithuania, according to the SEB Baltic Household finance report.

Ref: 102.110.110.696


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  1. JPR says:

    Small amounts all in all. Latvia and the Baltics are still countries of the future…

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