GDP (constant LCU), annual growth rate (GDP Country official) in South Korea
South Korea: GDP (constant LCU), annual growth rate (GDP Country official) was 1.01 % change on previous year in 2025. ◆ Volatile
Latest (2025)
1.01 % change on previous year
Change on year
down 49.7%
World rank
174th
of 213 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 LCU), annual growth rate in South Korea, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, gdp (constant lcu), annual growth rate in South Korea stood at 1.01 % change on previous year.
Compared with earlier readings it is down 49.7% on the previous year and down 65.5% over ten years.
Over the whole period, gdp (constant lcu), annual growth rate in South 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 South Korea 174th out of 213 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 LCU), annual growth rate (GDP Country official) in South 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 | 0.8199 % change on previous year | -72.7% |
| 2010 | 6.98 % change on previous year | +751.5% |
| 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 | -9.1% |
| 2016 | 3.17 % change on previous year | +8.6% |
| 2017 | 3.43 % change on previous year | +8.3% |
| 2018 | 3.18 % change on previous year | -7.5% |
| 2019 | 2.31 % change on previous year | -27.1% |
| 2020 | -0.7 % change on previous year | -130.3% |
| 2021 | 4.61 % change on previous year | -759.0% |
| 2022 | 2.73 % change on previous year | -40.9% |
| 2023 | 1.58 % change on previous year | -42.0% |
| 2024 | 2 % change on previous year | +26.6% |
| 2025 | 1.01 % change on previous year | -49.7% |
South Korea compared with similar countries
- South Korea's 1.01 % change on previous year is below the median for high income countries, which is 2.14 % change on previous year, 47% of the median. (83 countries reporting)
- South Korea's 1.01 % change on previous year is below the median for East Asia & Pacific, which is 3.55 % change on previous year, 28% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where GDP (constant LCU), annual growth rate (GDP Country official) 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 |
|---|---|---|---|
| 2021 | +759.0% | -0.7 % change on previous year | 4.61 % change on previous year |
| 2010 | +751.5% | 0.8199 % change on previous year | 6.98 % change on previous year |
| 1981 | +585.7% | -1.52 % change on previous year | 7.4 % change on previous year |
| 1999 | +335.2% | -4.94 % change on previous year | 11.62 % change on previous year |
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 | 0.8199 % 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 | -0.7 % change on previous year | 4.61 % change on previous year | 6 |
Countries ranked near South Korea
- 171 Micronesia (country) 1.06 % change on previous year compare
- 172 Slovenia 1.06 % change on previous year compare
- 173 Sao Tome and Principe 1.03 % change on previous year compare
- 175 Russia 1 % change on previous year compare
- 176 Belgium 0.9831 % change on previous year compare
- 177 Greenland 0.866 % change on previous year compare
More economy & growth data for South Korea
- 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)
- IMF holdings of currency, SDR, annual growth rate -0.4147 % change on previous year (2025)
Frequently asked questions
- What is gdp (constant lcu), annual growth rate in South Korea?
- Gdp (constant lcu), annual growth rate in South Korea was 1.01 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gdp (constant lcu), annual growth rate recorded in South Korea?
- The highest recorded value was 14.97 % change on previous year in 1973.
- What is the lowest gdp (constant lcu), annual growth rate recorded in South Korea?
- The lowest recorded value was -4.94 % change on previous year in 1998.
- How does South Korea rank for gdp (constant lcu), annual growth rate?
- South Korea ranks 174th out of 213 countries with data for 2025.
- Is gdp (constant lcu), annual growth rate rising or falling in South Korea?
- Over the last ten years it is down 65.5%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Statizoid (derived), published as part of GDP (constant LCU), 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 LCU). 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 LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.