Household Saving Rate in South Korea increased to 36 percent in the first quarter of 2020 from 34.40 percent in the fourth quarter of 2019.
Personal Savings in South Korea averaged 32.60 percent from 1970 until 2020, reaching an all time high of 42.70 percent in the first quarter of 1988 and a record low of 13.40 percent in the third quarter of 1971. This page provides - South Korea Households Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Household Gross Saving Ratio - values, historical data and charts - was last updated on August of 2020. source: The Bank of Korea
Personal Savings in South Korea is expected to be 34.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Personal Savings in South Korea to stand at 33.60 in 12 months time. In the long-term, the South Korea Household Gross Saving Ratio is projected to trend around 32.90 percent in 2021, according to our econometric models.