Direct disaster economic loss in South Korea
South Korea: Direct disaster economic loss was 715.14 million in 2023. ◆ Volatile
Direct disaster economic loss in South Korea, 2005–2023
Source: Our World in Data.
Analysis
The most recent figure for direct disaster economic loss in South Korea is 715.14 million, measured in 2023. That is the highest value across all 19 years on record.
The figure is up 48.7% on the previous year and up 3,020.7% over ten years.
Over the whole period, direct disaster economic loss in South Korea peaked at 715.14 million in 2023 and was at its lowest, 10.30 million, in 2015.
South Korea ranks 23rd of 130 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Direct disaster economic loss in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 58.42 million | — |
| 2006 | 111.53 million | +90.9% |
| 2007 | 70.75 million | -36.6% |
| 2008 | 20.81 million | -70.6% |
| 2009 | 58.47 million | +181.0% |
| 2010 | 368.31 million | +529.9% |
| 2011 | 350.85 million | -4.7% |
| 2012 | 116.40 million | -66.8% |
| 2013 | 22.92 million | -80.3% |
| 2014 | 47.66 million | +108.0% |
| 2015 | 10.30 million | -78.4% |
| 2016 | 60.10 million | +483.5% |
| 2017 | 83.44 million | +38.8% |
| 2018 | 25.13 million | -69.9% |
| 2019 | 42.94 million | +70.8% |
| 2020 | 68.25 million | +59.0% |
| 2021 | 28.12 million | -58.8% |
| 2022 | 480.99 million | +1610.4% |
| 2023 | 715.14 million | +48.7% |
South Korea compared with similar countries
- South Korea's 715.14 million is above the median for high income countries, which is 47.61 million, 15.0× the median. (32 countries reporting)
- South Korea's 715.14 million is above the median for East Asia & Pacific, which is 21.34 million, 33.5× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Direct disaster economic loss in South 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 |
|---|---|---|---|
| 2022 | +1610.4% | 28.12 million | 480.99 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 63.99 million | 20.81 million | 111.53 million | 5 |
| 2010s | 112.80 million | 10.30 million | 368.31 million | 10 |
| 2020s | 323.13 million | 28.12 million | 715.14 million | 4 |
Countries ranked near South Korea
More economy & growth data for South Korea
- Real gdp growth, annual growth rate -49.75 % change on previous year (2025)
- SDRs holdings, US dollar, annual growth rate 7.89 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0085 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 307.17 units per person (2025)
- SDRs holdings, SDR, annual growth rate 2.74 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0062 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 224.29 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.58 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0047 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 168.75 units per person (2025)
Frequently asked questions
- What is direct disaster economic loss in South Korea?
- Direct disaster economic loss in South Korea was 715.14 million in 2023, according to Our World in Data.
- What is the highest direct disaster economic loss recorded in South Korea?
- The highest recorded value was 715.14 million in 2023.
- What is the lowest direct disaster economic loss recorded in South Korea?
- The lowest recorded value was 10.30 million in 2015.
- How does South Korea rank for direct disaster economic loss?
- South Korea ranks 23rd out of 130 countries with data for 2023.
- Is direct disaster economic loss rising or falling in South Korea?
- Over the last ten years it is up 3,020.7%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Our World in Data, published as part of Direct disaster economic loss. Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).