Gross domestic savings in Republic of Korea
Republic of Korea: Gross domestic savings was 34.3% in 2025. ▲ Rising
Gross domestic savings in Republic of Korea, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Republic of Korea recorded 34.3% for gross domestic savings in 2025.
Compared with earlier readings it is up 0.9% on the previous year and down 4.3% over ten years.
Over the whole period, gross domestic savings in Republic of Korea peaked at 41.7% in 1988 and was at its lowest, 1.0%, in 1960.
That places Republic of Korea 28th out of 188 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 66 years of available data.
Gross domestic savings in Republic of Korea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 1.0% | — |
| 1961 | 3.1% | +224.3% |
| 1962 | 3.5% | +13.1% |
| 1963 | 9.1% | +159.2% |
| 1964 | 9.2% | +1.3% |
| 1965 | 7.8% | -15.0% |
| 1966 | 12.0% | +53.0% |
| 1967 | 11.3% | -5.9% |
| 1968 | 14.6% | +29.6% |
| 1969 | 18.1% | +24.1% |
| 1970 | 16.6% | -8.1% |
| 1971 | 14.7% | -11.4% |
| 1972 | 17.1% | +16.1% |
| 1973 | 22.8% | +33.2% |
| 1974 | 22.1% | -3.2% |
| 1975 | 20.2% | -8.4% |
| 1976 | 25.1% | +24.2% |
| 1977 | 28.5% | +13.4% |
| 1978 | 30.6% | +7.5% |
| 1979 | 30.4% | -0.5% |
| 1980 | 25.8% | -15.2% |
| 1981 | 25.7% | -0.4% |
| 1982 | 27.3% | +6.0% |
| 1983 | 31.0% | +13.9% |
| 1984 | 33.6% | +8.2% |
| 1985 | 34.1% | +1.6% |
| 1986 | 37.1% | +8.8% |
| 1987 | 39.9% | +7.4% |
| 1988 | 41.7% | +4.5% |
| 1989 | 39.1% | -6.2% |
| 1990 | 39.3% | +0.6% |
| 1991 | 39.4% | +0.1% |
| 1992 | 38.5% | -2.3% |
| 1993 | 38.5% | +0.1% |
| 1994 | 38.2% | -0.8% |
| 1995 | 38.2% | -0.1% |
| 1996 | 36.4% | -4.5% |
| 1997 | 36.4% | +0.0% |
| 1998 | 38.4% | +5.4% |
| 1999 | 36.5% | -4.9% |
| 2000 | 34.8% | -4.6% |
| 2001 | 33.2% | -4.7% |
| 2002 | 32.4% | -2.3% |
| 2003 | 33.9% | +4.5% |
| 2004 | 36.1% | +6.5% |
| 2005 | 34.9% | -3.3% |
| 2006 | 33.6% | -3.7% |
| 2007 | 34.0% | +1.4% |
| 2008 | 33.3% | -2.0% |
| 2009 | 33.5% | +0.5% |
| 2010 | 35.3% | +5.3% |
| 2011 | 34.1% | -3.3% |
| 2012 | 33.7% | -1.2% |
| 2013 | 34.2% | +1.3% |
| 2014 | 34.4% | +0.7% |
| 2015 | 35.9% | +4.2% |
| 2016 | 36.3% | +1.3% |
| 2017 | 36.5% | +0.4% |
| 2018 | 35.4% | -2.8% |
| 2019 | 33.8% | -4.6% |
| 2020 | 35.2% | +4.1% |
| 2021 | 35.9% | +1.9% |
| 2022 | 33.3% | -7.1% |
| 2023 | 32.3% | -3.2% |
| 2024 | 34.0% | +5.4% |
| 2025 | 34.3% | +0.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.0% | 1.0% | 18.1% | 10 |
| 1970s | 22.8% | 14.7% | 30.6% | 10 |
| 1980s | 33.5% | 25.7% | 41.7% | 10 |
| 1990s | 38.0% | 36.4% | 39.4% | 10 |
| 2000s | 34.0% | 32.4% | 36.1% | 10 |
| 2010s | 35.0% | 33.7% | 36.5% | 10 |
| 2020s | 34.2% | 32.3% | 35.9% | 6 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Exports of goods and services (current LCU), annual growth rate 7.46 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 650.96 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 23.58 million current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 4.22 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.4777 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 17,305 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate -5.81 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2833 current US$ per US$ of GDP (2025)
- Gross fixed capital formation (current US$), per capita 10,263 current US$ per person (2025)
- Gross fixed capital formation (current LCU), per unit of GDP 402.98 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic savings in Republic of Korea?
- Gross domestic savings in Republic of Korea was 34.3% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Republic of Korea?
- The highest recorded value was 41.7% in 1988.
- What is the lowest gross domestic savings recorded in Republic of Korea?
- The lowest recorded value was 1.0% in 1960.
- How does Republic of Korea rank for gross domestic savings?
- Republic of Korea ranks 28th out of 188 countries with data for 2025.
- Is gross domestic savings rising or falling in Republic of Korea?
- Over the last ten years it is down 4.3%. 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 Gross domestic savings (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.