Household Saving Rate in South Korea increased to 35 percent in the third quarter of 2019 from 34.60 percent in the second quarter of 2019. Personal Savings in South Korea averaged 32.57 percent from 1970 until 2019, 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. source: The Bank of Korea

Personal Savings in South Korea is expected to be 34.20 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 34.00 in 12 months time. In the long-term, the South Korea Household Gross Saving Ratio is projected to trend around 32.90 percent in 2020, according to our econometric models.

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South Korea Household Gross Saving Ratio

Actual Previous Highest Lowest Dates Unit Frequency
35.00 34.60 42.70 13.40 1970 - 2019 percent Quarterly
SA


South Korea Household Gross Saving Ratio
In South Korea, Households Savings correspond to the income saved during a certain period of time.

South Korea Consumer Last Previous Highest Lowest Unit
Consumer Confidence 100.40 100.90 120.60 69.40 points [+]
Retail Sales MoM 3.00 -0.40 5.50 -12.40 percent [+]
Retail Sales YoY 3.70 2.00 20.20 -21.50 percent [+]
Consumer Spending 222265.10 221901.20 222265.10 6809.67 KRW Billion [+]
Disposable Personal Income 1890779.40 1836741.90 1890779.40 2866.70 KRW Billion [+]
Personal Savings 35.00 34.60 42.70 13.40 percent [+]
Consumer Credit 1572659.90 1556091.90 1572659.90 142746.90 KRW Billion [+]
Bank Lending Rate 3.18 3.20 17.01 3.18 percent [+]
Economic Optimism Index 92.00 92.00 117.00 55.00 Net Balance [+]
Gasoline Prices 1.35 1.31 1.84 0.54 USD/Liter [+]
Households Debt To GDP 92.90 92.10 92.90 1.40 percent of GDP [+]
Consumer Confidence Current Conditions 96.00 93.00 117.00 25.00 [+]
Consumer Confidence Economic Expectations 109.00 112.00 122.00 49.00 [+]
Consumer Confidence Financial Expectations 103.00 103.00 107.00 82.00 [+]
Consumer Confidence Major Purchases Expectations 97.00 96.00 97.00 73.00 [+]
Consumer Confidence Price Trends 139.00 139.00 163.00 129.00 [+]
Consumer Confidence Savings Expectations 97.00 97.00 102.00 82.00 [+]
Consumer Confidence Unemployment Expectations 110.00 121.00 121.00 41.00 [+]