Household net saving rate South Korea 1953-2023

Published by L. Yoon, Mar 19, 2025

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 net saving rate in South Korea from 1953 to 2023

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Release date

March 2025

Region

South Korea

Survey time period

1953 to 2023

Supplementary notes

Include privately unincorporated businesses, such as those that are self-employed, along with nonprofit organizations that serve households, including consumer organizations, labor unions, and religious associations.

Household net savings rate: [Household net savings / (Household net adjusted disposable income + Household net share of pension funds)] × 100

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