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.