Korea, Rep. | Adjusted savings: gross savings (% of GNI)
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. Development relevance: Gross savings is used as a starting point for calculating adjusted net savings. Adjusted net saving is an indicator of the sustainability of an economy. Limitations and exceptions: Because gross savings is calculated as a residual it includes errors, which may not be offsetting, in its components. Statistical concept and methodology: Gross savings are calculated as a residual from the national accounts by taking the difference between income earned by residents (including income received from abroad and workers' remittances) and their consumption expenditures.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source
| year |
value
Min
Max
|
|---|---|
| 1960 | |
| 1961 | |
| 1962 | |
| 1963 | |
| 1964 | |
| 1965 | |
| 1966 | |
| 1967 | |
| 1968 | |
| 1969 | |
| 1970 | |
| 1971 | |
| 1972 | |
| 1973 | |
| 1974 | |
| 1975 | |
| 1976 | 25.65716546 |
| 1977 | 28.63196245 |
| 1978 | 31.49524923 |
| 1979 | 30.71046408 |
| 1980 | 25.33359979 |
| 1981 | 24.85677622 |
| 1982 | 26.6670864 |
| 1983 | 30.40130006 |
| 1984 | 32.55552171 |
| 1985 | 32.75906541 |
| 1986 | 36.20017344 |
| 1987 | 39.65032095 |
| 1988 | 41.74063232 |
| 1989 | 38.8341157 |
| 1990 | 39.06532278 |
| 1991 | 39.07741424 |
| 1992 | 38.1841611 |
| 1993 | 38.24900054 |
| 1994 | 37.99234128 |
| 1995 | 37.8214666 |
| 1996 | 36.09239342 |
| 1997 | 36.10784866 |
| 1998 | 38.2181002 |
| 1999 | 35.77026017 |
| 2000 | 34.12189691 |
| 2001 | 32.15525476 |
| 2002 | 31.5715756 |
| 2003 | 33.09735075 |
| 2004 | 35.52382999 |
| 2005 | 34.00580471 |
| 2006 | 32.98688973 |
| 2007 | 33.53851155 |
| 2008 | 33.31344269 |
| 2009 | 33.33311032 |
| 2010 | 34.99239663 |
| 2011 | 34.45799974 |
| 2012 | 34.30519343 |
| 2013 | 34.62841377 |
| 2014 | 34.81852526 |
| 2015 | 36.23526107 |
| 2016 | 36.65134711 |
| 2017 | 36.86401691 |
| 2018 | 35.7111529 |
| 2019 | 34.48277126 |
| 2020 | 35.91518532 |
| 2021 | 36.18639799 |
| 2022 |
Korea, Rep. | Adjusted savings: gross savings (% of GNI)
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. Development relevance: Gross savings is used as a starting point for calculating adjusted net savings. Adjusted net saving is an indicator of the sustainability of an economy. Limitations and exceptions: Because gross savings is calculated as a residual it includes errors, which may not be offsetting, in its components. Statistical concept and methodology: Gross savings are calculated as a residual from the national accounts by taking the difference between income earned by residents (including income received from abroad and workers' remittances) and their consumption expenditures.
Publisher
The World Bank
Origin
Republic of Korea
Records
63
Source