Korea vs Lower middle income: Adjusted savings: gross savings
Adjusted savings: gross savings over time
- Korea
- Lower middle income
How they compare
Korea currently reports 36.2% against 27.8% in Lower middle income, a difference of 8.4%.
That makes Korea's figure about 1.3 times Lower middle income's.
Across all 46 years both countries report, Korea has been ahead every year.
Korea ranks 18th and Lower middle income ranks 16th of 178 countries.
Korea has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Korea | Lower middle income | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 29.1% | 16.7% | 12.4% | Korea |
| 1980s | 32.9% | 17.9% | 15.0% | Korea |
| 1990s | 37.7% | 23.2% | 14.5% | Korea |
| 2000s | 33.4% | 28.5% | 4.9% | Korea |
| 2010s | 35.3% | 27.2% | 8.1% | Korea |
| 2020s | 36.1% | 27.1% | 8.9% | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher adjusted savings: gross savings, Korea or Lower middle income?
- Korea, at 36.2% against 27.8% in Lower middle income as of 2021.
- What is the difference in adjusted savings: gross savings between Korea and Lower middle income?
- 8.4%, with Korea ahead.
- How many years of comparable data are there for Korea and Lower middle income?
- 46 years are reported by both, from 1976 to 2021.
- How do Korea and Lower middle income rank globally for adjusted savings: gross savings?
- Korea ranks 18th and Lower middle income ranks 16th of 178 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Adjusted savings: gross savings (% of GNI). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.