Annual gdp growth in South Korea
South Korea: Annual gdp growth was 1.36 in 2023. ◆ Volatile
Latest (2023)
1.36
Change on year
down 47.9%
World rank
147th
of 211 countries
All-time high
9.06
in 2000
All-time low
-0.71
in 2020
Years of data
24
2000–2023
Annual gdp growth in South Korea, 2000–2023
Source: Our World in Data.
Analysis
The most recent figure for annual gdp growth in South Korea is 1.36, measured in 2023.
That represents a change of down 47.9% on the previous year and down 57.0% over ten years.
Over the whole period, annual gdp growth in South Korea peaked at 9.06 in 2000 and was at its lowest, -0.71, in 2020.
That places South Korea 147th out of 211 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.92 | 0.79 | 9.06 | 10 |
| 2010s | 3.33 | 2.24 | 6.8 | 10 |
| 2020s | 1.89 | -0.71 | 4.3 | 4 |
Countries ranked near South Korea
More economy & growth data for South Korea
- External balance on goods and services as a percent of gdp 5.16 (2025)
- Inflation of consumer prices 2.12 (2025)
- Gdp per capita worldbank constant usd 37,470 (2025)
- Manufacturing value added to gdp 27.43 (2025)
- Gdp worldbank constant usd 1.94 trillion (2025)
- Gdp per capita in international and market dollars 37,470 (2025)
- DEC alternative conversion factor 1,422 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -6.93 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -4.87 billion current US$ (2025)
- Taxes less subsidies on products 185.85 trillion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in South Korea?
- Annual gdp growth in South Korea was 1.36 in 2023, according to Our World in Data.
- What is the highest annual gdp growth recorded in South Korea?
- The highest recorded value was 9.06 in 2000.
- What is the lowest annual gdp growth recorded in South Korea?
- The lowest recorded value was -0.71 in 2020.
- How does South Korea rank for annual gdp growth?
- South Korea ranks 147th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in South Korea?
- Over the last ten years it is down 57.0%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).