Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Korea
Korea: Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP was 2.03 Percent per annum in 2029. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Korea, 1990–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
Korea recorded 2.03 Percent per annum for africa's development dynamics (afdd) table 02 - annual real gdp in 2029.
Compared with earlier readings it is down 2.8% on the previous year and down 9.8% over ten years.
Over the whole period, africa's development dynamics (afdd) table 02 - annual real gdp in Korea peaked at 11.47 Percent per annum in 1999 and was at its lowest, -5.13 Percent per annum, in 1998.
Korea ranks 28th of 28 groups on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Korea, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1990 | 9.88 Percent per annum | — |
| 1991 | 10.78 Percent per annum | +9.1% |
| 1992 | 6.2 Percent per annum | -42.5% |
| 1993 | 6.88 Percent per annum | +11.0% |
| 1994 | 9.27 Percent per annum | +34.8% |
| 1995 | 9.61 Percent per annum | +3.7% |
| 1996 | 7.89 Percent per annum | -17.9% |
| 1997 | 6.17 Percent per annum | -21.8% |
| 1998 | -5.13 Percent per annum | -183.1% |
| 1999 | 11.47 Percent per annum | -323.5% |
| 2000 | 9.06 Percent per annum | -21.0% |
| 2001 | 4.85 Percent per annum | -46.4% |
| 2002 | 7.73 Percent per annum | +59.2% |
| 2003 | 3.15 Percent per annum | -59.3% |
| 2004 | 5.2 Percent per annum | +65.1% |
| 2005 | 4.31 Percent per annum | -17.1% |
| 2006 | 5.26 Percent per annum | +22.2% |
| 2007 | 5.8 Percent per annum | +10.2% |
| 2008 | 3.01 Percent per annum | -48.0% |
| 2009 | 0.7927 Percent per annum | -73.7% |
| 2010 | 6.8 Percent per annum | +758.4% |
| 2011 | 3.69 Percent per annum | -45.8% |
| 2012 | 2.4 Percent per annum | -34.8% |
| 2013 | 3.16 Percent per annum | +31.7% |
| 2014 | 3.2 Percent per annum | +1.2% |
| 2015 | 2.81 Percent per annum | -12.3% |
| 2016 | 2.95 Percent per annum | +4.9% |
| 2017 | 3.16 Percent per annum | +7.2% |
| 2018 | 2.91 Percent per annum | -8.0% |
| 2019 | 2.24 Percent per annum | -22.8% |
| 2020 | -0.7094 Percent per annum | -131.6% |
| 2021 | 4.3 Percent per annum | -706.8% |
| 2022 | 2.61 Percent per annum | -39.3% |
| 2023 | 1.36 Percent per annum | -48.1% |
| 2024 | 2.32 Percent per annum | +71.1% |
| 2025 | 2.34 Percent per annum | +0.7% |
| 2026 | 2.21 Percent per annum | -5.3% |
| 2027 | 2.13 Percent per annum | -3.7% |
| 2028 | 2.08 Percent per annum | -2.2% |
| 2029 | 2.03 Percent per annum | -2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.3 Percent per annum | -5.13 Percent per annum | 11.47 Percent per annum | 10 |
| 2000s | 4.92 Percent per annum | 0.7927 Percent per annum | 9.06 Percent per annum | 10 |
| 2010s | 3.33 Percent per annum | 2.24 Percent per annum | 6.8 Percent per annum | 10 |
| 2020s | 2.07 Percent per annum | -0.7094 Percent per annum | 4.3 Percent per annum | 10 |
Countries ranked near Korea
- 25 Indonesia 5.07 Percent per annum compare
- 26 Türkiye 3.48 Percent per annum compare
- 26 Dominican Republic 5.04 Percent per annum compare
- 26 Mauritania 2.17 Percent per annum compare
- 27 Gambia 5.02 Percent per annum compare
- 27 Lesotho 2.08 Percent per annum compare
- 28 Burundi 5.01 Percent per annum compare
- 29 Georgia 5 Percent per annum compare
- 29 Ghana 5 Percent per annum compare
- 29 Pakistan 5 Percent per annum compare
More economy & growth data for Korea
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.2 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 24.21 Percentage of GDP (2029)
- Index of digital trade integration and openness 0.2301 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0475 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0121 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.064 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0485 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.058 Index (2024)
- Corporate income tax (CIT) - statutory and targeted small business 27.5 Percentage of taxable income (2026)
- Balanced trade in services 60.55 US dollars, exchange rate converted (2024)
Frequently asked questions
- What is africa's development dynamics (afdd) table 02 - annual real gdp in Korea?
- Africa's development dynamics (afdd) table 02 - annual real gdp in Korea was 2.03 Percent per annum in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Korea?
- The highest recorded value was 11.47 Percent per annum in 1999.
- What is the lowest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Korea?
- The lowest recorded value was -5.13 Percent per annum in 1998.
- How does Korea rank for africa's development dynamics (afdd) table 02 - annual real gdp?
- Korea ranks 28th out of 28 groups with data for 2029.
- Is africa's development dynamics (afdd) table 02 - annual real gdp rising or falling in Korea?
- Over the last ten years it is down 9.8%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP growth rate — Growth rate of real gross domestic product. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 40 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 2 shows the full time series of annual real GDP growth, up to present, and including projected real GDP growth rates over the next five years.