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: World Bank – processed by Our World in Data. Measured in %.
Analysis
Republic of Korea recorded -2.3% for annual growth of the gross capital formation in 2024.
That represents a change of down 1,876.9% on the previous year and down 164.5% 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 120th of 167 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 | 8.1% | +451.4% |
| 2003 | 5.3% | -34.2% |
| 2004 | 4.0% | -24.3% |
| 2005 | 3.2% | -19.2% |
| 2006 | 4.5% | +38.0% |
| 2007 | 4.7% | +4.7% |
| 2008 | -0.4% | -108.8% |
| 2009 | -8.7% | +2014.6% |
| 2010 | 17.7% | -303.8% |
| 2011 | 2.8% | -84.4% |
| 2012 | -2.5% | -191.3% |
| 2013 | 1.5% | -159.9% |
| 2014 | 3.6% | +137.1% |
| 2015 | 6.5% | +80.2% |
| 2016 | 6.8% | +5.7% |
| 2017 | 10.2% | +50.3% |
| 2018 | -0.3% | -102.8% |
| 2019 | -1.4% | +400.0% |
| 2020 | 0.8% | -154.5% |
| 2021 | 4.2% | +425.3% |
| 2022 | 0.1% | -98.6% |
| 2023 | 0.1% | +116.7% |
| 2024 | -2.3% | -1876.9% |
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% | 4.2% | 5 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Imports of goods and services (constant 2015 US$), annual growth rate 3.84 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3902 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 14,137 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth 26.56 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth 32.05 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 4.59 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 20.83 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 754,550 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 1.45 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0147 constant 2015 US$ per US$ of GDP (2025)
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 World Bank – processed by Our World in Data.
- 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 120th out of 167 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 164.5%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of the gross capital formation. Statizoid updates them automatically from the source API.
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About this data
Annual growth of the gross capital formation (%).