Korea, Rep.'s adjusted savings, mineral depletion (current US$) was US$6.81 million in 2021, the latest year in the World Bank's World Development Indicators. That is down 52.57% from US$14.36 million in 2011 (7.19% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$6.81 million | 2021 |
| Five years earlier | US$7.59 million | 2016 |
| Ten years earlier | US$14.36 million | 2011 |
| Highest | US$617.86 million | 2019 |
| Lowest | US$1.09 million | 2004 |
| Average since 2012 | US$120.9 million | 2012–2021 |
| First recorded | US$1.68 million |
What the numbers say
In 2021, Korea, Rep.'s adjusted savings, mineral depletion (current US$) fell 98.6% on 2020 (from US$480.67 million to US$6.81 million).
Across the 30 yearly changes before that (1991 to 2020), the average change was +540.4% and a typical year strayed about 2,674.1% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 14,669.3% in 2019 and the biggest yearly fall was 98.6% in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2012 to 2021 there is no clear straight-line trend: a straight line explains 22% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2021, Korea, Rep. had the 84th highest value of the 216 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Korea, Rep. in the 2021 ranking
- Slovak Republic — 80th of 216: US$10.61 million
- Bosnia and Herzegovina — 81st of 216: US$7.31 million
- South Sudan — 82nd of 216: US$7.23 million
- Sierra Leone — 84th of 216: US$6.67 million
- Uruguay — 85th of 216: US$5.61 million
- Kenya — 86th of 216: US$4.84 million
What this measures
Mineral depletion is the ratio of the value of the stock of mineral resources to the remaining reserve lifetime (capped at 25 years). It covers tin, gold, lead, zinc, iron, copper, nickel, silver, bauxite, and phosphate. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 52 values
| Year | Adjusted savings, mineral depletion (current US$) |
|---|---|
| 2021 | 6,813,105 |
| 2020 | 480,670,629 |
| 2019 | 617,859,293 |
| 2018 | 4,183,399 |
| 2017 | 7,007,611 |
| 2016 | 7,590,299 |
| 2015 | 5,013,311 |
| 2014 | 9,654,670 |
| 2013 | 15,939,158 |
| 2012 | 54,312,422 |
| 2011 |
Adjusted savings, mineral depletion (current US$) in nearby economies
- American Samoa — US$0 (2021)
- Australia — US$68.6 billion (2021)
- Brunei Darussalam — US$0 (2021)
- Cambodia — US$0 (2021)
- China — US$56.61 billion (2021)
- Fiji — US$37.5 million (2021)
- French Polynesia — US$0 (2021)
- Guam — US$0 (2021)
- Hong Kong SAR, China — US$0 (2021)
- Indonesia
More economic policy & debt data for Korea, Rep.
- Total reserves, including gold (current US$) — US$436.57 billion (2025)
- Total reserves, excluding gold (current US$) — US$421.91 billion (2025)
- General government final consumption expenditure (current US$) — US$330.43 billion (2025)
- General government final consumption expenditure (current LCU) — 470.02 trillion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$332.28 billion (2025)
- General government final consumption expenditure (constant LCU) — 411.92 trillion (2025)
- General government final consumption expenditure (% of GDP) — 17.65% (2025)
- Households and NPISHs final consumption expenditure (current US$)
Reading data like this
Questions people ask
- What is Korea, Rep.'s adjusted savings, mineral depletion (current US$)?
- US$6.81 million in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 304.53% from US$1.68 million in 1970 (2.78% a year on average, compounded). The highest value was US$617.86 million in 2019 and the lowest US$1.09 million in 2004.
- How does Korea, Rep. rank?
- 84th highest of 216 economies with data for 2021.
- Is the latest change in adjusted savings, mineral depletion (current US$) unusual for Korea, Rep.?
- In 2021, Korea, Rep.'s adjusted savings, mineral depletion (current US$) fell 98.6% on 2020 (from US$480.67 million to US$6.81 million). Across the 30 yearly changes before that (1991 to 2020), the average change was +540.4% and a typical year strayed about 2,674.1% from that (the standard deviation). This year's change was 0.2 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.ADJ.DMIN.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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