Adjusted savings: gross savings in Republic of Korea
Republic of Korea: Adjusted savings: gross savings was 36.2% in 2021. ▲ Rising
Adjusted savings: gross savings in Republic of Korea, 1976–2021
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GNI.
Analysis
The most recent figure for adjusted savings: gross savings in Republic of Korea is 36.2%, measured in 2021.
The figure is up 0.8% on the previous year and up 5.0% over ten years.
Over the whole period, adjusted savings: gross savings in Republic of Korea peaked at 41.7% in 1988 and was at its lowest, 24.9%, in 1981.
Republic of Korea ranks 18th of 178 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 46 years of available data.
Adjusted savings: gross savings in Republic of Korea, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1976 | 25.7% | — |
| 1977 | 28.6% | +11.6% |
| 1978 | 31.5% | +10.0% |
| 1979 | 30.7% | -2.5% |
| 1980 | 25.3% | -17.5% |
| 1981 | 24.9% | -1.9% |
| 1982 | 26.7% | +7.3% |
| 1983 | 30.4% | +14.0% |
| 1984 | 32.6% | +7.1% |
| 1985 | 32.8% | +0.6% |
| 1986 | 36.2% | +10.5% |
| 1987 | 39.7% | +9.5% |
| 1988 | 41.7% | +5.3% |
| 1989 | 38.8% | -7.0% |
| 1990 | 39.1% | +0.6% |
| 1991 | 39.1% | +0.0% |
| 1992 | 38.2% | -2.3% |
| 1993 | 38.2% | +0.2% |
| 1994 | 38.0% | -0.7% |
| 1995 | 37.8% | -0.4% |
| 1996 | 36.1% | -4.6% |
| 1997 | 36.1% | +0.0% |
| 1998 | 38.2% | +5.8% |
| 1999 | 35.8% | -6.4% |
| 2000 | 34.1% | -4.6% |
| 2001 | 32.2% | -5.8% |
| 2002 | 31.6% | -1.8% |
| 2003 | 33.1% | +4.8% |
| 2004 | 35.5% | +7.3% |
| 2005 | 34.0% | -4.3% |
| 2006 | 33.0% | -3.0% |
| 2007 | 33.5% | +1.7% |
| 2008 | 33.3% | -0.7% |
| 2009 | 33.3% | +0.1% |
| 2010 | 35.0% | +5.0% |
| 2011 | 34.5% | -1.5% |
| 2012 | 34.3% | -0.4% |
| 2013 | 34.6% | +0.9% |
| 2014 | 34.8% | +0.5% |
| 2015 | 36.2% | +4.1% |
| 2016 | 36.7% | +1.1% |
| 2017 | 36.9% | +0.6% |
| 2018 | 35.7% | -3.1% |
| 2019 | 34.5% | -3.4% |
| 2020 | 35.9% | +4.2% |
| 2021 | 36.2% | +0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29.1% | 25.7% | 31.5% | 4 |
| 1980s | 32.9% | 24.9% | 41.7% | 10 |
| 1990s | 37.7% | 35.8% | 39.1% | 10 |
| 2000s | 33.4% | 31.6% | 35.5% | 10 |
| 2010s | 35.3% | 34.3% | 36.9% | 10 |
| 2020s | 36.1% | 35.9% | 36.2% | 2 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Gross capital formation (constant 2015 US$), annual growth rate -1.74 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2815 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 10,198 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 0.6183 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.406 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 14,708 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 4.98 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 577.49 current LCU per US$ of GDP (2025)
- Imports of goods and services (current LCU), per capita 20.92 million current LCU per person (2025)
- Imports of goods and services (constant 2015 US$), annual growth rate 3.84 % change on previous year (2025)
Frequently asked questions
- What is adjusted savings: gross savings in Republic of Korea?
- Adjusted savings: gross savings in Republic of Korea was 36.2% in 2021, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest adjusted savings: gross savings recorded in Republic of Korea?
- The highest recorded value was 41.7% in 1988.
- What is the lowest adjusted savings: gross savings recorded in Republic of Korea?
- The lowest recorded value was 24.9% in 1981.
- How does Republic of Korea rank for adjusted savings: gross savings?
- Republic of Korea ranks 18th out of 178 countries with data for 2021.
- Is adjusted savings: gross savings rising or falling in Republic of Korea?
- Over the last ten years it is up 5.0%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Adjusted savings: gross savings (% of GNI). 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. 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.