Adjusted savings: net national savings in Republic of Korea
Republic of Korea: Adjusted savings: net national savings was 15.5% in 2021. ▼ Falling
Adjusted savings: net national savings in Republic of Korea, 1976–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
Republic of Korea recorded 15.5% for adjusted savings: net national savings in 2021.
The figure is up 0.3% on the previous year and down 2.9% over ten years.
Over the whole period, adjusted savings: net national savings in Republic of Korea peaked at 29.9% in 1988 and was at its lowest, 14.5%, in 2009.
Republic of Korea ranks 54th of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 46 years of available data.
Adjusted savings: net national savings in Republic of Korea, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1976 | 18.0% | — |
| 1977 | 20.7% | +15.0% |
| 1978 | 23.9% | +15.3% |
| 1979 | 22.5% | -6.0% |
| 1980 | 15.6% | -30.4% |
| 1981 | 15.0% | -4.4% |
| 1982 | 16.0% | +7.2% |
| 1983 | 19.6% | +22.4% |
| 1984 | 22.1% | +12.5% |
| 1985 | 21.8% | -1.3% |
| 1986 | 25.0% | +14.5% |
| 1987 | 28.1% | +12.6% |
| 1988 | 29.9% | +6.4% |
| 1989 | 26.9% | -10.2% |
| 1990 | 26.5% | -1.5% |
| 1991 | 26.9% | +1.6% |
| 1992 | 25.2% | -6.6% |
| 1993 | 25.0% | -0.8% |
| 1994 | 25.0% | +0.2% |
| 1995 | 23.3% | -6.7% |
| 1996 | 21.0% | -10.1% |
| 1997 | 20.3% | -3.3% |
| 1998 | 19.7% | -2.9% |
| 1999 | 18.1% | -8.2% |
| 2000 | 16.8% | -7.0% |
| 2001 | 14.7% | -12.3% |
| 2002 | 14.9% | +0.7% |
| 2003 | 16.1% | +8.3% |
| 2004 | 18.6% | +15.3% |
| 2005 | 16.8% | -9.3% |
| 2006 | 15.8% | -6.1% |
| 2007 | 16.7% | +5.7% |
| 2008 | 15.3% | -8.4% |
| 2009 | 14.5% | -5.0% |
| 2010 | 16.9% | +16.6% |
| 2011 | 16.0% | -5.5% |
| 2012 | 15.5% | -3.0% |
| 2013 | 15.9% | +2.3% |
| 2014 | 16.0% | +0.9% |
| 2015 | 17.6% | +10.0% |
| 2016 | 18.2% | +3.2% |
| 2017 | 18.4% | +1.4% |
| 2018 | 16.9% | -8.5% |
| 2019 | 14.8% | -12.2% |
| 2020 | 15.5% | +4.6% |
| 2021 | 15.5% | +0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.3% | 18.0% | 23.9% | 4 |
| 1980s | 22.0% | 15.0% | 29.9% | 10 |
| 1990s | 23.1% | 18.1% | 26.9% | 10 |
| 2000s | 16.0% | 14.5% | 18.6% | 10 |
| 2010s | 16.6% | 14.8% | 18.4% | 10 |
| 2020s | 15.5% | 15.5% | 15.5% | 2 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Final consumption expenditure (constant 2015 US$), per capita 24,301 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate -1.35 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 0.948 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 34,344 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 2.92 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 1,348 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 48.85 million current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 0.6957 % change on previous year (2025)
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.9523 constant 2015 US$ per US$ of GDP (2025)
- Gross national expenditure (constant 2015 US$), per capita 34,500 constant 2015 US$ per person (2025)
Frequently asked questions
- What is adjusted savings: net national savings in Republic of Korea?
- Adjusted savings: net national savings in Republic of Korea was 15.5% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: net national savings recorded in Republic of Korea?
- The highest recorded value was 29.9% in 1988.
- What is the lowest adjusted savings: net national savings recorded in Republic of Korea?
- The lowest recorded value was 14.5% in 2009.
- How does Republic of Korea rank for adjusted savings: net national savings?
- Republic of Korea ranks 54th out of 177 countries with data for 2021.
- Is adjusted savings: net national savings rising or falling in Republic of Korea?
- Over the last ten years it is down 2.9%. The long-run trend across the full record is falling.
- Where does this Republic of Korea data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: net national savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Net national savings are equal to gross national savings less the value of consumption of fixed capital. 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.