Korea - Gross savings (% of GDP)

Gross savings (% of GDP) in Korea was 36.07 as of 2020. Its highest value over the past 44 years was 41.42 in 1988, while its lowest value was 24.52 in 1981.

Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1976 25.54
1977 28.55
1978 31.59
1979 30.66
1980 25.10
1981 24.52
1982 26.42
1983 30.08
1984 32.10
1985 32.04
1986 35.42
1987 39.17
1988 41.42
1989 38.72
1990 39.03
1991 39.04
1992 38.13
1993 38.20
1994 37.90
1995 37.68
1996 35.97
1997 35.91
1998 37.72
1999 35.38
2000 33.89
2001 31.94
2002 31.45
2003 32.98
2004 35.46
2005 33.77
2006 32.89
2007 33.45
2008 33.32
2009 33.28
2010 35.04
2011 34.67
2012 34.66
2013 34.85
2014 34.99
2015 36.35
2016 36.79
2017 37.01
2018 35.85
2019 34.78
2020 36.07

Statistical Concept and Methodology: Gross savings represent the difference between disposable income and consumption and replace gross domestic savings, a concept used by the World Bank and included in World Development Indicators editions before 2006. The change was made to conform to SNA concepts and definitions.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts