Key information about South Korea Gross Savings Rate

• South Korea Gross Savings Rate was measured at 34.0% in Dec 2022, compared with 34.0% in the previous quarter.
• South Korea Gross Savings Rate is updated quarterly, with data available from Mar 1970 to Dec 2022, and an average rate of 34.0%.
• The data reached an all-time high of 34.0% in Sep 1988 and a record low of -1.0% in Mar 1972.
• CEIC calculates Gross National Savings Rate from quarterly Gross Savings and quarterly Gross National Income. The Bank of Korea provides Gross Savings in local currency and Gross National Income in local currency.
• In the latest reports, South Korea GDP expanded 1.3% YoY in Dec 2022.
• South Korea Nominal GDP reached 396,424.3 USD mn in Dec 2022. Its GDP deflator (implicit price deflator) increased 0.4% in Dec 2022.
• South Korea GDP Per Capita reached 32,236.8 USD in Dec 2022.

In 2023, the net household saving rate was about four percent, showing a decrease from the previous year. This was the lowest level in the past decade, indicating that households have less disposable income.

Household Saving Rate in South Korea decreased to 34.90 percent in the first quarter of 2025 from 35.30 percent in the fourth quarter of 2024. This dataset provides - South Korea Households Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross savings (% of GDP) in South Korea was reported at 33.79 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Korea - Gross savings (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on July of 2025.

South Korea Household and NPISH: Net Saving Ratio data was reported at 1.774 % in 2026. This records a decrease from the previous number of 2.220 % for 2025. South Korea Household and NPISH: Net Saving Ratio data is updated yearly, averaging 8.813 % from Dec 1975 (Median) to 2026, with 52 observations. The data reached an all-time high of 25.395 % in 1988 and a record low of -1.729 % in 2002. South Korea Household and NPISH: Net Saving Ratio data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: Household Sector Account: Forecast: OECD Member: Annual. SRATIO - Household and non-profit institutions serving households net saving ratio

South Korea Gross Saving Ratio data was reported at 35.100 % in 2024. This records an increase from the previous number of 33.500 % for 2023. South Korea Gross Saving Ratio data is updated yearly, averaging 33.250 % from Dec 1953 (Median) to 2024, with 72 observations. The data reached an all-time high of 41.800 % in 1988 and a record low of 5.900 % in 1954. South Korea Gross Saving Ratio data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.A054: SNA08: Gross Saving and Gross Investment.

The interest rate for mortgages provided by mutual savings banks in South Korea stood at **** percent in the third quarter of 2024. The interest rate by these mutual savings banks, a type of non-banking financial institution, decreased by over one percentage point from the first quarter of 2023.

Korea (DC)Gross Saving Ratio data was reported at 30.600 % in 2007. This records a decrease from the previous number of 31.300 % for 2006. Korea (DC)Gross Saving Ratio data is updated yearly, averaging 31.500 % from Dec 1970 (Median) to 2007, with 38 observations. The data reached an all-time high of 40.510 % in 1988 and a record low of 15.730 % in 1971. Korea (DC)Gross Saving Ratio data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s Korea – Table KR.A085: Gross Saving and Gross Investment: Current Price (Annual) (Old).

Deposit Interest Rate in South Korea decreased to 2.63 percent in May from 2.71 percent in April of 2025. This dataset includes a chart with historical data for Deposit Interest Rate in South Korea.

Korea Deposit Rate: CSB: OT: TD: ST: Company Savings: MMDA data was reported at 0.950 % pa in Sep 2018. This stayed constant from the previous number of 0.950 % pa for Aug 2018. Korea Deposit Rate: CSB: OT: TD: ST: Company Savings: MMDA data is updated monthly, averaging 2.735 % pa from Aug 1997 (Median) to Sep 2018, with 254 observations. The data reached an all-time high of 14.700 % pa in Apr 1998 and a record low of 0.790 % pa in Oct 2017. Korea Deposit Rate: CSB: OT: TD: ST: Company Savings: MMDA data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s Korea – Table KR.M004: Deposit Rates.

Korea Deposit Rate: CSB: OT: TD: ST: Savings Deposits data was reported at 0.230 % pa in Oct 2018. This records a decrease from the previous number of 0.240 % pa for Sep 2018. Korea Deposit Rate: CSB: OT: TD: ST: Savings Deposits data is updated monthly, averaging 2.920 % pa from Jul 1981 (Median) to Oct 2018, with 448 observations. The data reached an all-time high of 14.400 % pa in Feb 1982 and a record low of 0.230 % pa in Oct 2018. Korea Deposit Rate: CSB: OT: TD: ST: Savings Deposits data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.M004: Deposit Rates.

Korea Lending Rate: NBFC: Mutual Savings Bank (MSB): General Loans data was reported at 10.260 % pa in Jun 2018. This records a decrease from the previous number of 10.750 % pa for May 2018. Korea Lending Rate: NBFC: Mutual Savings Bank (MSB): General Loans data is updated monthly, averaging 11.635 % pa from Nov 2003 (Median) to Jun 2018, with 176 observations. The data reached an all-time high of 17.500 % pa in Jul 2011 and a record low of 9.920 % pa in Apr 2014. Korea Lending Rate: NBFC: Mutual Savings Bank (MSB): General Loans data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s Korea – Table KR.M002: Call Rates and Lending Rates.

Korea (DC)Gross Domestic Investment Ratio data was reported at 29.400 % in 2007. This records a decrease from the previous number of 29.900 % for 2006. Korea (DC)Gross Domestic Investment Ratio data is updated yearly, averaging 30.165 % from Dec 1970 (Median) to 2007, with 38 observations. The data reached an all-time high of 40.200 % in 1991 and a record low of 20.940 % in 1972. Korea (DC)Gross Domestic Investment Ratio data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.A085: Gross Saving and Gross Investment: Current Price (Annual) (Old).

Korea Deposit Rate: CSB: NE: TS: ET: Installment Savings data was reported at 1.800 % pa in Oct 2018. This records a decrease from the previous number of 1.820 % pa for Sep 2018. Korea Deposit Rate: CSB: NE: TS: ET: Installment Savings data is updated monthly, averaging 3.800 % pa from Jan 1996 (Median) to Oct 2018, with 274 observations. The data reached an all-time high of 13.110 % pa in Apr 1998 and a record low of 1.520 % pa in Nov 2016. Korea Deposit Rate: CSB: NE: TS: ET: Installment Savings data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.M004: Deposit Rates.

Korea Deposit Rate: NBFC: Mutual Savings Banks: Time Deposit: 1 Year data was reported at 2.700 % pa in Oct 2018. This records a decrease from the previous number of 2.720 % pa for Sep 2018. Korea Deposit Rate: NBFC: Mutual Savings Banks: Time Deposit: 1 Year data is updated monthly, averaging 5.290 % pa from Aug 1997 (Median) to Oct 2018, with 255 observations. The data reached an all-time high of 16.200 % pa in Mar 1998 and a record low of 2.000 % pa in Apr 2016. Korea Deposit Rate: NBFC: Mutual Savings Banks: Time Deposit: 1 Year data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.M004: Deposit Rates.

Korea Turnover Ratio: Deposits: CSB: Time and Savings Deposits (T&S) data was reported at 1.000 Times in Sep 2018. This records a decrease from the previous number of 1.200 Times for Aug 2018. Korea Turnover Ratio: Deposits: CSB: Time and Savings Deposits (T&S) data is updated monthly, averaging 0.900 Times from Jan 1985 (Median) to Sep 2018, with 405 observations. The data reached an all-time high of 1.500 Times in Dec 2015 and a record low of 0.400 Times in Nov 1988. Korea Turnover Ratio: Deposits: CSB: Time and Savings Deposits (T&S) data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.KB004: Deposits: Turnover Ratio.

In 2024, the value of the lending to households in Switzerland as a share of its gross domestic product (GDP) was higher than in any of the countries selected here. Australian, Canadian, and South Korean households had an amount of credit which was higher than the overall size of their economy. That year, household lending in Argentina amounted to *** percent of its GDP, which was the lowest figure in the ranking. What is the household debt? Household debt, also known as family debt, includes loans taken to pay for the home or other property, education, vehicles, and other expenses. The largest component of this is mortgage debt, which is seen by many as a way to build long-term equity. As such, households are willing to take on a large amount of this debt with the goal of owning an asset that holds value and can be used as a residence in the meantime. The cost of debt The cost of a loan depends on a number of factors such as the interest rate, borrower’s credit risk or time period of a loan. The value of mortgage and the rate of return on assets such as real estate also depend largely on geographic location. The highest borrowers in this statistic are likely living in countries where credit is affordable and expected returns are relatively high, incentivizing heavy borrowing.

Korea SBL Ratio: Mutual Savings Banks data was reported at 5.120 % in Dec 2017. This records a decrease from the previous number of 6.010 % for Jun 2017. Korea SBL Ratio: Mutual Savings Banks data is updated semiannually, averaging 12.370 % from Jun 1999 (Median) to Dec 2017, with 38 observations. The data reached an all-time high of 26.930 % in Jun 2011 and a record low of 5.120 % in Dec 2017. Korea SBL Ratio: Mutual Savings Banks data remains active status in CEIC and is reported by Financial Supervisory Service. The data is categorized under Global Database’s Korea – Table KR.KA028: Non Performing Loans and Substandard and Below Loans.

Korea Interest Rate Spread data was reported at 1.807 % pa in 2017. This records a decrease from the previous number of 1.810 % pa for 2016. Korea Interest Rate Spread data is updated yearly, averaging 1.728 % pa from Dec 1997 (Median) to 2017, with 21 observations. The data reached an all-time high of 2.167 % pa in 2009 and a record low of 0.607 % pa in 2000. Korea Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Korea – Table KR.World Bank.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; Median;

Key information about South Korea GDP Per Capita

• South Korea Gross Domestic Product (GDP) per Capita reached 36,113.000 USD in Dec 2024, compared with 35,569.900 USD in Dec 2023.
• South Korea GDP Per Capita data is updated yearly, available from Dec 1953 to Dec 2024, with an average number of 5,442.300 USD.
• The data reached an all-time high of 37,503.100 USD in Dec 2021 and a record low of 64.230 in Dec 1955.

• In the latest reports, South Korea GDP expanded 1.012 % YoY in Mar 2023.
• South Korea Nominal GDP reached 429.247 USD bn in Mar 2023.
• Its GDP deflator (implicit price deflator) increased 1.394 % in Mar 2023.
• Gross Savings Rate of South Korea was measured at 29.857 % in Mar 2023.