South Korea: Savings, in dollars
* indicates monthly or quarterly data series
| South Korea |
Savings, billion USD |
|---|---|
| Latest value | 578.43 |
| Year | 2023 |
| Measure | billion U.S. dollars |
| Data availability | 1976 - 2023 |
| Average | 260.59 |
| Min - Max | 7.64 - 668.30 |
| Source | The World Bank |
The latest value from 2023 is 578.43 billion U.S. dollars, an increase from 576.64 billion U.S. dollars in 2022. In comparison, the world average is 139.48 billion U.S. dollars, based on data from 89 countries. Historically, the average for South Korea from 1976 to 2023 is 260.59 billion U.S. dollars. The minimum value, 7.64 billion U.S. dollars, was reached in 1976 while the maximum of 668.3 billion U.S. dollars was recorded in 2021.
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* indicates monthly or quarterly data series
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Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current U.S. dollars.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Share of industry | 31.59 | 2023 | percent |
| Share of manufacturing | 24.31 | 2023 | percent |
| Share of services | 58.42 | 2023 | percent |
| Industry value added | 541.14 | 2023 | billion U.S. dollars |
| Manufacturing value added | 416.39 | 2023 | billion U.S. dollars |
| Services value added | 1,000.65 | 2023 | billion U.S. dollars |
| Savings, percent of GDP | 34.47 | 2022 | percent |
| Savings, in dollars | 578.43 | 2023 | billion U.S. dollars |