Korea - Adjusted savings: gross savings (% of GNI)
Adjusted savings: gross savings (% of GNI) in Korea was 34.49 as of 2019. Its highest value over the past 43 years was 41.74 in 1988, while its lowest value was 24.86 in 1981.
Definition: Gross savings are the difference between gross national income and public and private consumption, plus net current transfers.
Source: World Bank national accounts data files.
See also:
Year | Value |
---|---|
1976 | 25.66 |
1977 | 28.63 |
1978 | 31.50 |
1979 | 30.71 |
1980 | 25.33 |
1981 | 24.86 |
1982 | 26.67 |
1983 | 30.40 |
1984 | 32.56 |
1985 | 32.76 |
1986 | 36.20 |
1987 | 39.65 |
1988 | 41.74 |
1989 | 38.83 |
1990 | 39.07 |
1991 | 39.08 |
1992 | 38.18 |
1993 | 38.25 |
1994 | 37.99 |
1995 | 37.82 |
1996 | 36.09 |
1997 | 36.11 |
1998 | 38.22 |
1999 | 35.77 |
2000 | 34.12 |
2001 | 32.16 |
2002 | 31.57 |
2003 | 33.10 |
2004 | 35.52 |
2005 | 34.01 |
2006 | 32.99 |
2007 | 33.54 |
2008 | 33.31 |
2009 | 33.33 |
2010 | 34.99 |
2011 | 34.46 |
2012 | 34.31 |
2013 | 34.63 |
2014 | 34.82 |
2015 | 36.24 |
2016 | 36.65 |
2017 | 36.86 |
2018 | 35.71 |
2019 | 34.49 |
Limitations and Exceptions: Because gross savings is calculated as a residual it includes errors, which may not be offsetting, in its components.
Statistical Concept and Methodology: Gross savings are calculated as a residual from the national accounts by taking the difference between income earned by residents (including income received from abroad and workers' remittances) and their consumption expenditures.
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts