GDP (constant 2015 US$), annual growth rate in Republic of Korea
Republic of Korea: GDP (constant 2015 US$), annual growth rate was 1.01 % change on previous year in 2025. ◆ Volatile
Latest (2025)
1.01 % change on previous year
Change on year
down 49.8%
World rank
173rd
of 210 countries
All-time high
14.97 % change on previous year
in 1973
All-time low
-4.94 % change on previous year
in 1998
Years of data
65
1961–2025
GDP (constant 2015 US$), annual growth rate in Republic of Korea, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, gdp (constant 2015 us$), annual growth rate in Republic of Korea stood at 1.01 % change on previous year.
That represents a change of down 49.8% on the previous year and down 65.5% over ten years.
Over the whole period, gdp (constant 2015 us$), annual growth rate in Republic of Korea peaked at 14.97 % change on previous year in 1973 and was at its lowest, -4.94 % change on previous year, in 1998.
That places Republic of Korea 173rd out of 210 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (constant 2015 US$), annual growth rate in Republic of Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 6.92 % change on previous year | — |
| 1962 | 3.92 % change on previous year | -43.3% |
| 1963 | 9.01 % change on previous year | +129.7% |
| 1964 | 9.43 % change on previous year | +4.6% |
| 1965 | 7.31 % change on previous year | -22.4% |
| 1966 | 12.01 % change on previous year | +64.2% |
| 1967 | 9.15 % change on previous year | -23.8% |
| 1968 | 13.22 % change on previous year | +44.5% |
| 1969 | 14.59 % change on previous year | +10.3% |
| 1970 | 10.17 % change on previous year | -30.3% |
| 1971 | 10.65 % change on previous year | +4.8% |
| 1972 | 7.34 % change on previous year | -31.1% |
| 1973 | 14.97 % change on previous year | +104.1% |
| 1974 | 9.65 % change on previous year | -35.6% |
| 1975 | 7.93 % change on previous year | -17.8% |
| 1976 | 13.26 % change on previous year | +67.2% |
| 1977 | 12.38 % change on previous year | -6.7% |
| 1978 | 11.07 % change on previous year | -10.6% |
| 1979 | 8.74 % change on previous year | -21.1% |
| 1980 | -1.52 % change on previous year | -117.4% |
| 1981 | 7.4 % change on previous year | -585.7% |
| 1982 | 8.47 % change on previous year | +14.4% |
| 1983 | 13.47 % change on previous year | +59.0% |
| 1984 | 10.64 % change on previous year | -21.0% |
| 1985 | 7.94 % change on previous year | -25.4% |
| 1986 | 11.5 % change on previous year | +44.9% |
| 1987 | 12.89 % change on previous year | +12.1% |
| 1988 | 12.13 % change on previous year | -5.9% |
| 1989 | 7.17 % change on previous year | -40.9% |
| 1990 | 10.02 % change on previous year | +39.9% |
| 1991 | 10.88 % change on previous year | +8.5% |
| 1992 | 6.35 % change on previous year | -41.6% |
| 1993 | 6.99 % change on previous year | +10.1% |
| 1994 | 9.37 % change on previous year | +34.0% |
| 1995 | 9.74 % change on previous year | +3.9% |
| 1996 | 7.99 % change on previous year | -17.9% |
| 1997 | 6.28 % change on previous year | -21.4% |
| 1998 | -4.94 % change on previous year | -178.6% |
| 1999 | 11.62 % change on previous year | -335.2% |
| 2000 | 9.2 % change on previous year | -20.8% |
| 2001 | 4.73 % change on previous year | -48.6% |
| 2002 | 7.74 % change on previous year | +63.9% |
| 2003 | 3.07 % change on previous year | -60.3% |
| 2004 | 5.18 % change on previous year | +68.6% |
| 2005 | 4.36 % change on previous year | -15.9% |
| 2006 | 5.25 % change on previous year | +20.4% |
| 2007 | 5.84 % change on previous year | +11.4% |
| 2008 | 3 % change on previous year | -48.6% |
| 2009 | 0.8192 % change on previous year | -72.7% |
| 2010 | 6.98 % change on previous year | +752.3% |
| 2011 | 3.69 % change on previous year | -47.2% |
| 2012 | 2.55 % change on previous year | -30.9% |
| 2013 | 3.29 % change on previous year | +29.2% |
| 2014 | 3.21 % change on previous year | -2.3% |
| 2015 | 2.92 % change on previous year | -9.2% |
| 2016 | 3.17 % change on previous year | +8.6% |
| 2017 | 3.43 % change on previous year | +8.2% |
| 2018 | 3.18 % change on previous year | -7.5% |
| 2019 | 2.31 % change on previous year | -27.2% |
| 2020 | -0.7001 % change on previous year | -130.3% |
| 2021 | 4.61 % change on previous year | -758.8% |
| 2022 | 2.73 % change on previous year | -40.9% |
| 2023 | 1.58 % change on previous year | -41.9% |
| 2024 | 2 % change on previous year | +26.5% |
| 2025 | 1.01 % change on previous year | -49.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.51 % change on previous year | 3.92 % change on previous year | 14.59 % change on previous year | 9 |
| 1970s | 10.62 % change on previous year | 7.34 % change on previous year | 14.97 % change on previous year | 10 |
| 1980s | 9.01 % change on previous year | -1.52 % change on previous year | 13.47 % change on previous year | 10 |
| 1990s | 7.43 % change on previous year | -4.94 % change on previous year | 11.62 % change on previous year | 10 |
| 2000s | 4.92 % change on previous year | 0.8192 % change on previous year | 9.2 % change on previous year | 10 |
| 2010s | 3.47 % change on previous year | 2.31 % change on previous year | 6.98 % change on previous year | 10 |
| 2020s | 1.87 % change on previous year | -0.7001 % change on previous year | 4.61 % change on previous year | 6 |
Countries ranked near Republic of Korea
- 170 Micronesia, Federated States of 1.06 % change on previous year compare
- 171 Slovenia 1.06 % change on previous year compare
- 172 Sao Tome and Principe 1.03 % change on previous year compare
- 174 Russian Federation 1 % change on previous year compare
- 175 Belgium 0.9832 % change on previous year compare
- 176 Greenland 0.8661 % change on previous year compare
More economy & growth data for Republic of Korea
- GDP (constant 2015 US$), per unit of GDP 1.03 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 37,470 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 1.01 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 1,237 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 44.80 million constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 0.7232 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.3433 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 12,437 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 5.09 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 488.33 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gdp (constant 2015 us$), annual growth rate in Republic of Korea?
- Gdp (constant 2015 us$), annual growth rate in Republic of Korea was 1.01 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gdp (constant 2015 us$), annual growth rate recorded in Republic of Korea?
- The highest recorded value was 14.97 % change on previous year in 1973.
- What is the lowest gdp (constant 2015 us$), annual growth rate recorded in Republic of Korea?
- The lowest recorded value was -4.94 % change on previous year in 1998.
- How does Republic of Korea rank for gdp (constant 2015 us$), annual growth rate?
- Republic of Korea ranks 173rd out of 210 countries with data for 2025.
- Is gdp (constant 2015 us$), annual growth rate rising or falling in Republic of Korea?
- Over the last ten years it is down 65.5%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Statizoid (derived), published as part of GDP (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.