Republic of Korea vs Low & middle income: Gross domestic savings
Gross domestic savings over time
- Republic of Korea
- Low & middle income
How they compare
Low & middle income currently reports 12.73 trillion current US$ against 642.79 billion current US$ in Republic of Korea, a difference of 12.09 trillion current US$.
That makes Low & middle income's figure about 19.8 times Republic of Korea's.
Across all 65 years both countries report, Low & middle income has been ahead every year.
Republic of Korea ranks 9th and Low & middle income ranks 7th of 188 countries.
Low & middle income has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Republic of Korea | Low & middle income | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 447.23 million current US$ | 81.49 billion current US$ | 81.05 billion current US$ | Low & middle income |
| 1970s | 7.25 billion current US$ | 289.84 billion current US$ | 282.58 billion current US$ | Low & middle income |
| 1980s | 44.51 billion current US$ | 623.46 billion current US$ | 578.95 billion current US$ | Low & middle income |
| 1990s | 173.92 billion current US$ | 1.09 trillion current US$ | 915.09 billion current US$ | Low & middle income |
| 2000s | 296.58 billion current US$ | 2.98 trillion current US$ | 2.69 trillion current US$ | Low & middle income |
| 2010s | 533.25 billion current US$ | 8.65 trillion current US$ | 8.12 trillion current US$ | Low & middle income |
| 2020s | 628.81 billion current US$ | 12.19 trillion current US$ | 11.56 trillion current US$ | Low & middle income |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic savings, Republic of Korea or Low & middle income?
- Low & middle income, at 12.73 trillion current US$ against 642.79 billion current US$ in Republic of Korea as of 2024.
- What is the difference in gross domestic savings between Republic of Korea and Low & middle income?
- 12.09 trillion current US$, with Low & middle income ahead.
- How many years of comparable data are there for Republic of Korea and Low & middle income?
- 65 years are reported by both, from 1960 to 2024.
- How do Republic of Korea and Low & middle income rank globally for gross domestic savings?
- Republic of Korea ranks 9th and Low & middle income ranks 7th of 188 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross domestic savings (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.