Gross Domestic Product and Household Consumption Affect Gross Savings: A Long-Term Time Series Analysis in Indonesia

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Household consumption negatively affects savings while national income positively influences it.
Results indicate that interest rates have a positive but insignificant impact on savings levels.
Multiple linear regression analysis shows significant interactions among the main economic variables.
Study highlights the importance of developing macroeconomic strategies for enhanced savings.

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Analysis demonstrates significant effects of GDP and household consumption on savings, highlighting the need for macroeconomic strategies.

Hasibuan et al. (2025) studied this question.

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Analysis demonstrates significant effects of GDP and household consumption on savings, highlighting the need for macroeconomic strategies.