GDP deflator (base year varies by country), annual growth rate in Republic of Korea
Republic of Korea: GDP deflator (base year varies by country), annual growth rate was 3.13 % change on previous year in 2025. ◆ Volatile
Latest (2025)
3.13 % change on previous year
Change on year
down 23.1%
World rank
114th
of 212 countries
All-time high
30.75 % change on previous year
in 1974
All-time low
-1.35 % change on previous year
in 1999
Years of data
65
1961–2025
GDP deflator (base year varies by country), annual growth rate in Republic of Korea, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Republic of Korea recorded 3.13 % change on previous year for gdp deflator (base year varies by country), annual growth rate in 2025.
The figure is down 23.1% on the previous year and down 3.2% over ten years.
Over the whole period, gdp deflator (base year varies by country), annual growth rate in Republic of Korea peaked at 30.75 % change on previous year in 1974 and was at its lowest, -1.35 % change on previous year, in 1999.
That places Republic of Korea 114th out of 212 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP deflator (base year varies by country), annual growth rate in Republic of Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 12.96 % change on previous year | — |
| 1962 | 16.75 % change on previous year | +29.3% |
| 1963 | 30.05 % change on previous year | +79.4% |
| 1964 | 30.41 % change on previous year | +1.2% |
| 1965 | 4.88 % change on previous year | -84.0% |
| 1966 | 14.55 % change on previous year | +198.3% |
| 1967 | 12.99 % change on previous year | -10.7% |
| 1968 | 13.79 % change on previous year | +6.2% |
| 1969 | 14.14 % change on previous year | +2.5% |
| 1970 | 14.77 % change on previous year | +4.4% |
| 1971 | 11.26 % change on previous year | -23.8% |
| 1972 | 15.82 % change on previous year | +40.6% |
| 1973 | 12.86 % change on previous year | -18.7% |
| 1974 | 30.75 % change on previous year | +139.0% |
| 1975 | 23.51 % change on previous year | -23.5% |
| 1976 | 21.19 % change on previous year | -9.9% |
| 1977 | 14.46 % change on previous year | -31.8% |
| 1978 | 21.75 % change on previous year | +50.4% |
| 1979 | 18.53 % change on previous year | -14.8% |
| 1980 | 24.57 % change on previous year | +32.6% |
| 1981 | 16.53 % change on previous year | -32.7% |
| 1982 | 6.48 % change on previous year | -60.8% |
| 1983 | 4.87 % change on previous year | -24.9% |
| 1984 | 4.52 % change on previous year | -7.1% |
| 1985 | 4.03 % change on previous year | -10.8% |
| 1986 | 5.05 % change on previous year | +25.2% |
| 1987 | 4.9 % change on previous year | -2.9% |
| 1988 | 7.03 % change on previous year | +43.5% |
| 1989 | 5.98 % change on previous year | -14.9% |
| 1990 | 10.06 % change on previous year | +68.1% |
| 1991 | 9.06 % change on previous year | -9.9% |
| 1992 | 7.75 % change on previous year | -14.5% |
| 1993 | 6.26 % change on previous year | -19.2% |
| 1994 | 8.09 % change on previous year | +29.4% |
| 1995 | 7.03 % change on previous year | -13.1% |
| 1996 | 3.98 % change on previous year | -43.4% |
| 1997 | 3.86 % change on previous year | -3.1% |
| 1998 | 4.5 % change on previous year | +16.5% |
| 1999 | -1.35 % change on previous year | -130.1% |
| 2000 | 0.9336 % change on previous year | -169.1% |
| 2001 | 3.54 % change on previous year | +279.2% |
| 2002 | 3.01 % change on previous year | -15.0% |
| 2003 | 3.56 % change on previous year | +18.4% |
| 2004 | 3.26 % change on previous year | -8.5% |
| 2005 | 1.14 % change on previous year | -65.1% |
| 2006 | -0.1632 % change on previous year | -114.3% |
| 2007 | 2.51 % change on previous year | -1639.0% |
| 2008 | 2.94 % change on previous year | +17.0% |
| 2009 | 3.5 % change on previous year | +19.1% |
| 2010 | 2.72 % change on previous year | -22.4% |
| 2011 | 1.28 % change on previous year | -53.1% |
| 2012 | 1.29 % change on previous year | +1.3% |
| 2013 | 1.08 % change on previous year | -16.6% |
| 2014 | 1.05 % change on previous year | -2.4% |
| 2015 | 3.23 % change on previous year | +207.1% |
| 2016 | 2.06 % change on previous year | -36.1% |
| 2017 | 2.02 % change on previous year | -2.1% |
| 2018 | 0.5665 % change on previous year | -71.9% |
| 2019 | -0.6242 % change on previous year | -210.2% |
| 2020 | 1.59 % change on previous year | -354.3% |
| 2021 | 3.18 % change on previous year | +100.4% |
| 2022 | 1.81 % change on previous year | -43.2% |
| 2023 | 2.04 % change on previous year | +12.8% |
| 2024 | 4.07 % change on previous year | +99.5% |
| 2025 | 3.13 % change on previous year | -23.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 16.73 % change on previous year | 4.88 % change on previous year | 30.41 % change on previous year | 9 |
| 1970s | 18.49 % change on previous year | 11.26 % change on previous year | 30.75 % change on previous year | 10 |
| 1980s | 8.4 % change on previous year | 4.03 % change on previous year | 24.57 % change on previous year | 10 |
| 1990s | 5.92 % change on previous year | -1.35 % change on previous year | 10.06 % change on previous year | 10 |
| 2000s | 2.42 % change on previous year | -0.1632 % change on previous year | 3.56 % change on previous year | 10 |
| 2010s | 1.47 % change on previous year | -0.6242 % change on previous year | 3.23 % change on previous year | 10 |
| 2020s | 2.63 % change on previous year | 1.59 % change on previous year | 4.07 % change on previous year | 6 |
Countries ranked near Republic of Korea
- 111 Isle of Man 3.2 % change on previous year compare
- 112 Bhutan 3.16 % change on previous year compare
- 113 Austria 3.15 % change on previous year compare
- 115 Paraguay 3.08 % change on previous year compare
- 116 Nepal 3.07 % change on previous year compare
- 117 Bosnia and Herzegovina 3.01 % change on previous year compare
More economy & growth data for Republic of Korea
- Gross capital formation (current US$), annual growth rate -2.97 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2913 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 10,553 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 1.24 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 414.37 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 15.01 million current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate -1.74 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2815 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 10,198 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 0.6183 % change on previous year (2025)
Frequently asked questions
- What is gdp deflator (base year varies by country), annual growth rate in Republic of Korea?
- Gdp deflator (base year varies by country), annual growth rate in Republic of Korea was 3.13 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gdp deflator (base year varies by country), annual growth rate recorded in Republic of Korea?
- The highest recorded value was 30.75 % change on previous year in 1974.
- What is the lowest gdp deflator (base year varies by country), annual growth rate recorded in Republic of Korea?
- The lowest recorded value was -1.35 % change on previous year in 1999.
- How does Republic of Korea rank for gdp deflator (base year varies by country), annual growth rate?
- Republic of Korea ranks 114th out of 212 countries with data for 2025.
- Is gdp deflator (base year varies by country), annual growth rate rising or falling in Republic of Korea?
- Over the last ten years it is down 3.2%. 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 deflator (base year varies by country), 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 deflator (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP deflator 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 deflator (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.