Personal savings rate in South Korea 2012-2022

Published by L. Yoon, Dec 7, 2023
In 2022, the net personal savings rate amounted to 9.1 percent in South Korea. This was a decrease from 10.6 percent in the previous year. Overall, the net personal savings rate in South Korea has risen over the past decade, but began to decline after 2020.

Net personal savings rate in South Korea from 2012 to 2022

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Release date

December 2023

Region

South Korea

Survey time period

2006 to 2022

Supplementary notes

Net personal savings rate = (net personal savings / (disposable personal income + retirement benefits - retirement contributions)) x 100

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