South Korea: Savings, percent of GDP

South Korea: Savings as percent of GDP

: For that indicator, The World Bank provides data for South Korea from 1976 to 2017. The average value for South Korea during that period was 34.12 percent with a minumum of 24.73 percent in 1981 and a maximum of 41.79 percent in 1988. See the global rankings for that indicator or use the country comparator to compare trends over time.

The savings in South Korea and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.

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