Korea - Gross savings (current US$)

The latest value for Gross savings (current US$) in Korea was $590,795,000,000 as of 2020. Over the past 44 years, the value for this indicator has fluctuated between $618,443,000,000 in 2018 and $7,638,149,000 in 1976.

Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1976 $7,638,149,000
1977 $10,976,510,000
1978 $16,416,250,000
1979 $20,523,920,000
1980 $16,417,060,000
1981 $17,881,860,000
1982 $20,702,810,000
1983 $26,402,040,000
1984 $31,295,920,000
1985 $32,456,030,000
1986 $41,385,980,000
1987 $57,951,450,000
1988 $82,665,250,000
1989 $95,609,970,000
1990 $110,588,000,000
1991 $129,077,000,000
1992 $135,574,000,000
1993 $149,990,000,000
1994 $175,695,000,000
1995 $213,504,000,000
1996 $219,452,000,000
1997 $204,621,000,000
1998 $144,606,000,000
1999 $175,999,000,000
2000 $195,287,000,000
2001 $174,909,000,000
2002 $197,296,000,000
2003 $231,769,000,000
2004 $281,278,000,000
2005 $315,675,000,000
2006 $346,409,000,000
2007 $392,280,000,000
2008 $348,993,000,000
2009 $314,158,000,000
2010 $400,934,000,000
2011 $434,509,000,000
2012 $443,153,000,000
2013 $477,710,000,000
2014 $519,319,000,000
2015 $532,788,000,000
2016 $551,821,000,000
2017 $601,075,000,000
2018 $618,443,000,000
2019 $574,371,000,000
2020 $590,795,000,000

Statistical Concept and Methodology: Gross savings represent the difference between disposable income and consumption and replace gross domestic savings, a concept used by the World Bank and included in World Development Indicators editions before 2006. The change was made to conform to SNA concepts and definitions.

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts