European Union vs Korea: Gross savings
Gross savings over time
- European Union
- Korea
How they compare
Korea currently reports 35.0% against 23.5% in European Union, a difference of 11.5%.
That makes Korea's figure about 1.5 times European Union's.
Across all 42 years both countries report, Korea has been ahead every year.
European Union ranks 24th and Korea ranks 26th of 46 groups.
Korea has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | European Union | Korea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 23.7% | 29.3% | 5.6% | Korea |
| 1980s | 22.1% | 33.5% | 11.4% | Korea |
| 1990s | 23.3% | 37.8% | 14.5% | Korea |
| 2000s | 22.8% | 33.5% | 10.7% | Korea |
| 2010s | 23.3% | 34.9% | 11.6% | Korea |
| 2020s | 24.8% | 34.7% | 9.9% | Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, European Union or Korea?
- Korea, at 35.0% against 23.5% in European Union as of 2025.
- What is the difference in gross savings between European Union and Korea?
- 11.5%, with Korea ahead.
- How many years of comparable data are there for European Union and Korea?
- 42 years are reported by both, from 1976 to 2025.
- How do European Union and Korea rank globally for gross savings?
- European Union ranks 24th and Korea ranks 26th of 46 groups.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross savings (% of GNI). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net 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.