South Korea: Savings, percent of GDP

* indicates monthly or quarterly data series
 South Korea

Savings as percent of GDP

 Latest value 34.47
 Year 2022
 Measure percent
 Data availability 1976 - 2022
 Average 34.28
 Min - Max 24.52 - 41.42
 Source The World Bank
For that indicator, we provide data for South Korea from 1976 to 2022. The average value for South Korea during that period was 34.28 percent with a minimum of 24.52 percent in 1981 and a maximum of 41.42 percent in 1988. The latest value from 2022 is 34.47 percent. For comparison, the world average in 2022 based on 123 countries is 24.61 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
South Korea - Savings, percent of GDP - Recent values chart

Historical chart
South Korea - Savings, percent of GDP - historical chart - 1976-2022




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.


 Related indicators Latest value Reference Measure
 Share of industry 31.73 2022 percent
 Share of manufacturing 25.63 2022 percent
 Share of services 58.03 2022 percent
 Industry value added 531.07 2022 billion U.S. dollars
 Manufacturing value added 429.06 2022 billion U.S. dollars
 Services value added 971.44 2022 billion U.S. dollars
 Savings, percent of GDP 34.47 2022 percent
 Savings, in dollars 576.96 2022 billion U.S. dollars
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