Direct economic loss attributed to disasters in South Korea
South Korea: Direct economic loss attributed to disasters was 715.14 million in 2023. ◆ Volatile
Direct economic loss attributed to disasters in South Korea, 2005–2023
Source: Our World in Data.
Analysis
South Korea recorded 715.14 million for direct economic loss attributed to disasters in 2023. That is the highest value across all 19 years on record.
That represents a change of up 48.7% on the previous year and up 3,020.7% over ten years.
Over the whole period, direct economic loss attributed to disasters in South Korea peaked at 715.14 million in 2023 and was at its lowest, 10.30 million, in 2015.
That places South Korea 23rd out of 130 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Direct economic loss attributed to disasters 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 economic loss attributed to disasters 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 economic loss attributed to disasters in South Korea?
- Direct economic loss attributed to disasters in South Korea was 715.14 million in 2023, according to Our World in Data.
- What is the highest direct economic loss attributed to disasters recorded in South Korea?
- The highest recorded value was 715.14 million in 2023.
- What is the lowest direct economic loss attributed to disasters recorded in South Korea?
- The lowest recorded value was 10.30 million in 2015.
- How does South Korea rank for direct economic loss attributed to disasters?
- South Korea ranks 23rd out of 130 countries with data for 2023.
- Is direct economic loss attributed to disasters 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 economic loss attributed to disasters. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).