South Korea: Savings, percent of GDP

South Korea: Savings as percent of GDP

: For that indicator, we provide data for South Korea from 1976 to 2019. The average value for South Korea during that period was 34.18 percent with a minimum of 24.52 percent in 1981 and a maximum of 41.42 percent in 1988. The latest value from 2019 is 34.79 percent. For comparison, the world average in 2019 based on 114 countries is 23.10 percent. 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.