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. 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 July of 2020. source: The Bank of Korea

Personal Savings in South Korea is expected to be 33.80 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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
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 Consumer Last Previous Highest Lowest Unit
Consumer Confidence 81.80 77.60 121.50 67.70 points [+]
Retail Sales MoM 4.60 5.30 5.50 -12.50 percent [+]
Retail Sales YoY 1.70 -2.20 20.20 -21.50 percent [+]
Consumer Spending 210041.30 223925.40 223925.40 6809.67 KRW Billion [+]
Disposable Personal Income 1925872.90 1890779.40 1925872.90 2866.70 KRW Billion [+]
Personal Savings 35.00 34.60 42.70 13.40 percent [+]
Consumer Credit 1611271.40 1600132.20 1611271.40 142746.90 KRW Billion [+]
Bank Lending Rate 2.82 2.80 17.01 2.80 percent [+]
Economic Optimism Index 63.00 58.00 117.00 55.00 Net Balance [+]
Gasoline Prices 1.12 1.02 1.84 0.54 USD/Liter [+]
Households Debt To GDP 95.50 93.90 95.50 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 [+]


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