Adjusted savings: gross savings (current US$) in South Korea
South Korea: Adjusted savings: gross savings was 662.62 billion current US$ in 2021. ◆ Volatile
Latest (2021)
662.62 billion current US$
Change on year
up 11.2%
World rank
7th
of 178 countries
All-time high
662.62 billion current US$
in 2021
All-time low
7.64 billion current US$
in 1976
Years of data
46
1976–2021
Adjusted savings: gross savings in South Korea, 1976–2021
Source: World Bank national accounts data files. Measured in current US$.
Analysis
In 2021, adjusted savings: gross savings in South Korea stood at 662.62 billion current US$. That is the highest value across all 46 years on record.
The figure is up 11.2% on the previous year and up 52.5% over ten years.
Over the whole period, adjusted savings: gross savings in South Korea peaked at 662.62 billion current US$ in 2021 and was at its lowest, 7.64 billion current US$, in 1976.
That places South Korea 7th out of 178 countries with data for 2021, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: gross savings in South Korea, year by year
| Year | current US$ | Change |
|---|---|---|
| 1976 | 7.64 billion current US$ | — |
| 1977 | 10.98 billion current US$ | +43.7% |
| 1978 | 16.42 billion current US$ | +49.6% |
| 1979 | 20.52 billion current US$ | +25.0% |
| 1980 | 16.42 billion current US$ | -20.0% |
| 1981 | 17.88 billion current US$ | +8.9% |
| 1982 | 20.70 billion current US$ | +15.8% |
| 1983 | 26.40 billion current US$ | +27.5% |
| 1984 | 31.30 billion current US$ | +18.5% |
| 1985 | 32.46 billion current US$ | +3.7% |
| 1986 | 41.39 billion current US$ | +27.5% |
| 1987 | 57.95 billion current US$ | +40.0% |
| 1988 | 82.67 billion current US$ | +42.6% |
| 1989 | 95.61 billion current US$ | +15.7% |
| 1990 | 110.59 billion current US$ | +15.7% |
| 1991 | 129.08 billion current US$ | +16.7% |
| 1992 | 135.57 billion current US$ | +5.0% |
| 1993 | 149.99 billion current US$ | +10.6% |
| 1994 | 175.69 billion current US$ | +17.1% |
| 1995 | 213.50 billion current US$ | +21.5% |
| 1996 | 219.45 billion current US$ | +2.8% |
| 1997 | 204.62 billion current US$ | -6.8% |
| 1998 | 144.61 billion current US$ | -29.3% |
| 1999 | 176.00 billion current US$ | +21.7% |
| 2000 | 195.29 billion current US$ | +11.0% |
| 2001 | 174.91 billion current US$ | -10.4% |
| 2002 | 197.30 billion current US$ | +12.8% |
| 2003 | 231.77 billion current US$ | +17.5% |
| 2004 | 281.28 billion current US$ | +21.4% |
| 2005 | 315.68 billion current US$ | +12.2% |
| 2006 | 346.41 billion current US$ | +9.7% |
| 2007 | 392.28 billion current US$ | +13.2% |
| 2008 | 348.99 billion current US$ | -11.0% |
| 2009 | 314.16 billion current US$ | -10.0% |
| 2010 | 400.93 billion current US$ | +27.6% |
| 2011 | 434.51 billion current US$ | +8.4% |
| 2012 | 443.15 billion current US$ | +2.0% |
| 2013 | 477.71 billion current US$ | +7.8% |
| 2014 | 519.32 billion current US$ | +8.7% |
| 2015 | 532.79 billion current US$ | +2.6% |
| 2016 | 551.82 billion current US$ | +3.6% |
| 2017 | 601.08 billion current US$ | +8.9% |
| 2018 | 618.44 billion current US$ | +2.9% |
| 2019 | 574.37 billion current US$ | -7.1% |
| 2020 | 595.71 billion current US$ | +3.7% |
| 2021 | 662.62 billion current US$ | +11.2% |
South Korea compared with similar countries
- South Korea's 662.62 billion current US$ is above the median for high income countries, which is 47.18 billion current US$, 14.0× the median. (62 countries reporting)
- South Korea's 662.62 billion current US$ is above the median for East Asia & Pacific, which is 9.68 billion current US$, 68.4× the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.89 billion current US$ | 7.64 billion current US$ | 20.52 billion current US$ | 4 |
| 1980s | 42.28 billion current US$ | 16.42 billion current US$ | 95.61 billion current US$ | 10 |
| 1990s | 165.91 billion current US$ | 110.59 billion current US$ | 219.45 billion current US$ | 10 |
| 2000s | 279.81 billion current US$ | 174.91 billion current US$ | 392.28 billion current US$ | 10 |
| 2010s | 515.41 billion current US$ | 400.93 billion current US$ | 618.44 billion current US$ | 10 |
| 2020s | 629.16 billion current US$ | 595.71 billion current US$ | 662.62 billion current US$ | 2 |
Countries ranked near South Korea
More economy & growth data for South Korea
- SDRs holdings, US dollar, annual growth rate 7.89 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0085 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 307.17 units per person (2025)
- SDRs holdings, SDR, annual growth rate 2.74 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0062 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 224.29 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.58 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0047 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 168.75 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate -0.4147 % change on previous year (2025)
Frequently asked questions
- What is adjusted savings: gross savings in South Korea?
- Adjusted savings: gross savings in South Korea was 662.62 billion current US$ in 2021, according to World Bank national accounts data files.
- What is the highest adjusted savings: gross savings recorded in South Korea?
- The highest recorded value was 662.62 billion current US$ in 2021.
- What is the lowest adjusted savings: gross savings recorded in South Korea?
- The lowest recorded value was 7.64 billion current US$ in 1976.
- How does South Korea rank for adjusted savings: gross savings?
- South Korea ranks 7th out of 178 countries with data for 2021.
- Is adjusted savings: gross savings rising or falling in South Korea?
- Over the last ten years it is up 52.5%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from World Bank national accounts data files, published as part of Adjusted savings: gross savings (current US$). Statizoid updates them automatically from the source API.
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About this data
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers.