Annual growth of the gross capital formation (%) in Republic of Korea
Republic of Korea: Annual growth of the gross capital formation (%) was -2.3% in 2024. ◆ Volatile
Annual growth of the gross capital formation in Republic of Korea, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2024, annual growth of the gross capital formation in Republic of Korea stood at -2.3%.
That represents a change of down 1,937.2% on the previous year and down 164.7% over ten years.
Over the whole period, annual growth of the gross capital formation in Republic of Korea peaked at 17.7% in 2010 and was at its lowest, -8.7%, in 2009.
Republic of Korea ranks 123rd of 175 countries on this measure, 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 the gross capital formation (%) in Republic of Korea, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 14.7% | — |
| 2001 | 1.5% | -90.1% |
| 2002 | 8.0% | +449.5% |
| 2003 | 5.3% | -34.1% |
| 2004 | 4.0% | -24.3% |
| 2005 | 3.2% | -19.3% |
| 2006 | 4.5% | +38.2% |
| 2007 | 4.7% | +4.6% |
| 2008 | -0.4% | -108.8% |
| 2009 | -8.7% | +2015.5% |
| 2010 | 17.7% | -303.9% |
| 2011 | 2.8% | -84.4% |
| 2012 | -2.5% | -191.4% |
| 2013 | 1.5% | -159.7% |
| 2014 | 3.6% | +137.1% |
| 2015 | 6.5% | +80.4% |
| 2016 | 6.8% | +5.7% |
| 2017 | 10.3% | +50.3% |
| 2018 | -0.3% | -102.9% |
| 2019 | -1.4% | +393.9% |
| 2020 | 0.8% | -154.5% |
| 2021 | 4.1% | +424.9% |
| 2022 | 0.1% | -98.4% |
| 2023 | 0.1% | +94.6% |
| 2024 | -2.3% | -1937.2% |
Biggest year-on-year movements
Years where Annual growth of the gross capital formation (%) 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 |
|---|---|---|---|
| 2009 | -2015.5% | -0.4% | -8.7% |
| 2024 | -1937.2% | 0.1% | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.7% | -8.7% | 14.7% | 10 |
| 2010s | 4.5% | -2.5% | 17.7% | 10 |
| 2020s | 0.6% | -2.3% | 4.1% | 5 |
Countries ranked near Republic of Korea
- 120 Equatorial Guinea -1.5% compare
- 121 Luxembourg -2.0% compare
- 122 Canada -2.1% compare
- 123 South Korea -2.3% compare
- 125 Finland -2.4% compare
- 126 Estonia -2.6% 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 the gross capital formation in Republic of Korea?
- Annual growth of the gross capital formation in Republic of Korea was -2.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of the gross capital formation recorded in Republic of Korea?
- The highest recorded value was 17.7% in 2010.
- What is the lowest annual growth of the gross capital formation recorded in Republic of Korea?
- The lowest recorded value was -8.7% in 2009.
- How does Republic of Korea rank for annual growth of the gross capital formation?
- Republic of Korea ranks 123rd out of 175 countries with data for 2024.
- Is annual growth of the gross capital formation rising or falling in Republic of Korea?
- Over the last ten years it is down 164.7%. 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 the gross capital formation (%). Statizoid updates them automatically from the source API.
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