Annual growth rate of real GDP per capita in Korea
Korea: Annual growth rate of real GDP per capita was 2.1% in 2024. ◆ Volatile
Annual growth rate of real GDP per capita in Korea, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual growth rate of real gdp per capita in Korea is 2.1%, measured in 2024.
The figure is up 31.2% on the previous year and down 8.7% over ten years.
Over the whole period, annual growth rate of real gdp per capita in Korea peaked at 8.6% in 2000 and was at its lowest, -0.9%, in 2020.
Korea ranks 112th of 226 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 rate of real GDP per capita in Korea, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 8.6% | — |
| 2001 | 4.1% | -52.3% |
| 2002 | 7.2% | +75.6% |
| 2003 | 2.6% | -63.9% |
| 2004 | 4.8% | +84.6% |
| 2005 | 4.0% | -16.7% |
| 2006 | 4.9% | +22.5% |
| 2007 | 5.5% | +12.2% |
| 2008 | 2.6% | -52.7% |
| 2009 | 0.4% | -84.6% |
| 2010 | 6.5% | +1525.0% |
| 2011 | 2.9% | -55.4% |
| 2012 | 1.6% | -44.8% |
| 2013 | 2.3% | +43.7% |
| 2014 | 2.3% | +0.0% |
| 2015 | 2.0% | -13.0% |
| 2016 | 2.5% | +25.0% |
| 2017 | 3.1% | +24.0% |
| 2018 | 2.9% | -6.5% |
| 2019 | 2.1% | -27.6% |
| 2020 | -0.9% | -142.9% |
| 2021 | 4.6% | -611.1% |
| 2022 | 2.9% | -37.0% |
| 2023 | 1.6% | -44.8% |
| 2024 | 2.1% | +31.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.5% | 0.4% | 8.6% | 10 |
| 2010s | 2.8% | 1.6% | 6.5% | 10 |
| 2020s | 2.1% | -0.9% | 4.6% | 5 |
Countries ranked near Korea
More economy & growth data for Korea
- Households and NPISHs Final consumption expenditure (current LCU) 3.17 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 683.09 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 24.75 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 1.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.4928 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 17,853 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate -0.6167 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.6567 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per capita 23,790 current US$ per person (2025)
- Final consumption expenditure (current LCU), annual growth rate 3.69 % change on previous year (2025)
Frequently asked questions
- What is annual growth rate of real gdp per capita in Korea?
- Annual growth rate of real gdp per capita in Korea was 2.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth rate of real gdp per capita recorded in Korea?
- The highest recorded value was 8.6% in 2000.
- What is the lowest annual growth rate of real gdp per capita recorded in Korea?
- The lowest recorded value was -0.9% in 2020.
- How does Korea rank for annual growth rate of real gdp per capita?
- Korea ranks 112th out of 226 countries with data for 2024.
- Is annual growth rate of real gdp per capita rising or falling in Korea?
- Over the last ten years it is down 8.7%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth rate of real GDP per capita (%). Statizoid updates them automatically from the source API.
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