South Korea: Savings, percent of GDP

(measure: percent; source: The World Bank)

South Korea: Savings as percent of GDP

: For that indicator, The World Bank provides data for South Korea from 1976 to 2016. The average value for South Korea during that period was 34.05 percent with a minumum of 24.46 percent in 1981 and a maximum of 41.55 percent in 1988. See the global rankings for that indicator or use the country comparator to compare trends over time.
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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.
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