Gross savings in Republic of Korea
Republic of Korea: Gross savings was 35.6% in 2025. ▲ Rising
Gross savings in Republic of Korea, 1976–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for gross savings in Republic of Korea is 35.6%, measured in 2025.
That represents a change of up 1.6% on the previous year and down 0.7% over ten years.
Over the whole period, gross savings in Republic of Korea peaked at 41.9% in 1988 and was at its lowest, 25.1%, in 1981.
Republic of Korea ranks 22nd of 177 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 50 years of available data.
Gross savings in Republic of Korea, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 25.8% | — |
| 1977 | 28.7% | +11.4% |
| 1978 | 31.8% | +10.5% |
| 1979 | 30.9% | -2.7% |
| 1980 | 25.5% | -17.4% |
| 1981 | 25.1% | -1.8% |
| 1982 | 27.0% | +7.8% |
| 1983 | 30.7% | +13.6% |
| 1984 | 32.8% | +6.8% |
| 1985 | 32.8% | -0.1% |
| 1986 | 36.1% | +10.2% |
| 1987 | 39.8% | +10.3% |
| 1988 | 41.9% | +5.3% |
| 1989 | 39.2% | -6.5% |
| 1990 | 39.6% | +1.0% |
| 1991 | 39.5% | -0.1% |
| 1992 | 38.6% | -2.3% |
| 1993 | 38.6% | -0.0% |
| 1994 | 38.1% | -1.2% |
| 1995 | 37.9% | -0.7% |
| 1996 | 36.1% | -4.8% |
| 1997 | 36.0% | -0.2% |
| 1998 | 37.9% | +5.3% |
| 1999 | 35.6% | -6.0% |
| 2000 | 34.2% | -4.1% |
| 2001 | 32.3% | -5.4% |
| 2002 | 31.7% | -1.8% |
| 2003 | 33.1% | +4.3% |
| 2004 | 35.5% | +7.4% |
| 2005 | 33.8% | -4.7% |
| 2006 | 32.9% | -2.8% |
| 2007 | 33.4% | +1.6% |
| 2008 | 33.2% | -0.5% |
| 2009 | 33.1% | -0.4% |
| 2010 | 35.0% | +5.6% |
| 2011 | 34.4% | -1.8% |
| 2012 | 34.3% | -0.1% |
| 2013 | 34.5% | +0.5% |
| 2014 | 34.6% | +0.2% |
| 2015 | 35.8% | +3.7% |
| 2016 | 36.3% | +1.3% |
| 2017 | 36.5% | +0.4% |
| 2018 | 35.4% | -2.9% |
| 2019 | 34.3% | -3.1% |
| 2020 | 35.8% | +4.3% |
| 2021 | 36.6% | +2.3% |
| 2022 | 34.3% | -6.3% |
| 2023 | 33.4% | -2.8% |
| 2024 | 35.0% | +5.0% |
| 2025 | 35.6% | +1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29.3% | 25.8% | 31.8% | 4 |
| 1980s | 33.1% | 25.1% | 41.9% | 10 |
| 1990s | 37.8% | 35.6% | 39.6% | 10 |
| 2000s | 33.3% | 31.7% | 35.5% | 10 |
| 2010s | 35.1% | 34.3% | 36.5% | 10 |
| 2020s | 35.1% | 33.4% | 36.6% | 6 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Manufacturing, value added (constant LCU), per capita 12.06 million constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 1.1 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.3433 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 12,437 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 5.48 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 488.33 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 17.69 million current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1897 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.3525 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 12,771 constant 2015 US$ per person (2025)
Frequently asked questions
- What is gross savings in Republic of Korea?
- Gross savings in Republic of Korea was 35.6% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Republic of Korea?
- The highest recorded value was 41.9% in 1988.
- What is the lowest gross savings recorded in Republic of Korea?
- The lowest recorded value was 25.1% in 1981.
- How does Republic of Korea rank for gross savings?
- Republic of Korea ranks 22nd out of 177 countries with data for 2025.
- Is gross savings rising or falling in Republic of Korea?
- Over the last ten years it is down 0.7%. 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 Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
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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 Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.