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.
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 174 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 | Value | 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
More economy & growth data for Republic of Korea
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.5 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local 4 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 6.06 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 32.07 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 32.07 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 571,534 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 646.38 million million SLC (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 174 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.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).