Household Saving Rate in South Korea decreased to 35.40 percent in the fourth quarter of 2021 from 35.90 percent in the third quarter of 2021. source: The Bank of Korea

Personal Savings in South Korea averaged 32.71 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 August of 2022.

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 2023, according to our econometric models.

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South Korea Household Gross Saving Ratio

Related Last Previous Unit Reference
Consumer Confidence 86.00 96.40 points Jul 2022
Consumer Spending 230440.20 223208.80 KRW Billion Jun 2022
Disposable Personal Income 2078537.30 1938678.90 KRW Billion Dec 2021
Personal Savings 35.40 35.90 percent Dec 2021
Consumer Credit 1859423.40 1862065.30 KRW Billion Mar 2022
Bank Lending Rate 3.90 3.68 percent Jun 2022
Economic Optimism Index 98.00 103.00 Net Balance Jul 2022

South Korea Household Gross Saving Ratio
In South Korea, Households Savings correspond to the income saved during a certain period of time.
Actual Previous Highest Lowest Dates Unit Frequency
35.40 35.90 42.70 13.40 1970 - 2021 percent Quarterly