Annual growth of imports of goods and services (%) in Republic of Korea
Republic of Korea: Annual growth of imports of goods and services (%) was 2.5% in 2024. ◆ Volatile
Annual growth of imports of goods and services in Republic of Korea, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual growth of imports of goods and services in Republic of Korea is 2.5%, measured in 2024.
That represents a change of down 17.5% on the previous year and up 81.9% over ten years.
Over the whole period, annual growth of imports of goods and services in Republic of Korea peaked at 22.4% in 2000 and was at its lowest, -6.6%, in 2009.
That places Republic of Korea 115th out of 186 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of imports of goods and services (%) in Republic of Korea, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 22.4% | — |
| 2001 | -3.5% | -115.6% |
| 2002 | 15.1% | -531.2% |
| 2003 | 10.6% | -29.9% |
| 2004 | 12.0% | +13.3% |
| 2005 | 8.0% | -33.6% |
| 2006 | 12.6% | +58.0% |
| 2007 | 11.5% | -8.9% |
| 2008 | 3.4% | -70.8% |
| 2009 | -6.6% | -296.9% |
| 2010 | 17.8% | -369.7% |
| 2011 | 14.6% | -18.2% |
| 2012 | 2.6% | -82.0% |
| 2013 | 1.9% | -29.3% |
| 2014 | 1.4% | -26.4% |
| 2015 | 1.9% | +42.1% |
| 2016 | 5.4% | +179.5% |
| 2017 | 7.9% | +45.9% |
| 2018 | 1.6% | -79.3% |
| 2019 | -2.0% | -223.4% |
| 2020 | -3.3% | +61.5% |
| 2021 | 10.2% | -412.5% |
| 2022 | 4.2% | -59.2% |
| 2023 | 3.0% | -27.4% |
| 2024 | 2.5% | -17.5% |
Biggest year-on-year movements
Years where Annual growth of imports of goods and services (%) in Republic of Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | +531.2% | -3.5% | 15.1% |
| 2021 | +412.5% | -3.3% | 10.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.6% | -6.6% | 22.4% | 10 |
| 2010s | 5.3% | -2.0% | 17.8% | 10 |
| 2020s | 3.3% | -3.3% | 10.2% | 5 |
Countries ranked near Republic of Korea
- 112 United Kingdom of Great Britain and Northern Ireland 2.6% compare
- 112 United Kingdom 2.6% compare
- 114 Madagascar 2.5% compare
- 115 South Korea 2.5% compare
- 117 Chile 2.5% compare
- 118 Guinea-Bissau 2.4% compare
More economy & growth data for Republic of Korea
- GDP Deflator — Value Standard Local Currency, 2015 prices, annual 4.05 % change on previous year (2024)
- GDP Deflator — Value US$, 2015 prices, annual growth rate -0.4224 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value Standard Local 1.98 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices -2.41 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, annual growth 6.16 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate 1.59 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 2.03 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 2.03 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 6.06 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate 1.5 % change on previous year (2024)
Frequently asked questions
- What is annual growth of imports of goods and services in Republic of Korea?
- Annual growth of imports of goods and services in Republic of Korea was 2.5% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of imports of goods and services recorded in Republic of Korea?
- The highest recorded value was 22.4% in 2000.
- What is the lowest annual growth of imports of goods and services recorded in Republic of Korea?
- The lowest recorded value was -6.6% in 2009.
- How does Republic of Korea rank for annual growth of imports of goods and services?
- Republic of Korea ranks 115th out of 186 countries with data for 2024.
- Is annual growth of imports of goods and services rising or falling in Republic of Korea?
- Over the last ten years it is up 81.9%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth of imports of goods and services (%). Statizoid updates them automatically from the source API.
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