Household Saving Rate in South Korea decreased to 35.80 percent in the second quarter of 2021 from 37.40 percent in the first quarter of 2021. source: The Bank of Korea

Personal Savings in South Korea averaged 32.69 percent from 1970 until 2021, 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 December of 2021.

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. In the long-term, the South Korea Household Gross Saving Ratio is projected to trend around 33.00 percent in 2022, according to our econometric models.

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South Korea Household Gross Saving Ratio


Related Last Previous Unit Reference
Consumer Confidence 107.60 106.80 points Nov/21
Consumer Spending 220525.40 221145.50 KRW Billion Sep/21
Disposable Personal Income 1938678.90 1925872.90 KRW Billion Dec/20
Personal Savings 35.80 37.40 percent Jun/21
Consumer Credit 1844893.30 1805866.70 KRW Billion Sep/21
Bank Lending Rate 3.07 2.96 percent Oct/21
Economic Optimism Index 106.00 106.00 Net Balance Nov/21
South Korea Household Gross Saving Ratio
In South Korea, Households Savings correspond to the income saved during a certain period of time.