GDP Deflator — Value US$, 2015 prices in Republic of Korea
Republic of Korea: GDP Deflator — Value US$, 2015 prices was 97.6 USD in 2024. ▲ Rising
GDP Deflator — Value US$, 2015 prices in Republic of Korea, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
In 2024, gdp deflator — value us$, 2015 prices in Republic of Korea stood at 97.6 USD.
Compared with earlier readings it is down 0.4% on the previous year and down 6.2% over ten years.
Over the whole period, gdp deflator — value us$, 2015 prices in Republic of Korea peaked at 107.83 USD in 2021 and was at its lowest, 14.02 USD, in 1971.
That places Republic of Korea 192nd out of 222 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
GDP Deflator — Value US$, 2015 prices in Republic of Korea, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 14.08 USD | — |
| 1971 | 14.02 USD | -0.5% |
| 1972 | 14.34 USD | +2.3% |
| 1973 | 15.97 USD | +11.3% |
| 1974 | 20.56 USD | +28.8% |
| 1975 | 21.22 USD | +3.2% |
| 1976 | 25.72 USD | +21.2% |
| 1977 | 29.44 USD | +14.5% |
| 1978 | 35.84 USD | +21.7% |
| 1979 | 42.48 USD | +18.5% |
| 1980 | 42.14 USD | -0.8% |
| 1981 | 43.82 USD | +4.0% |
| 1982 | 43.46 USD | -0.8% |
| 1983 | 42.96 USD | -1.2% |
| 1984 | 43.21 USD | +0.6% |
| 1985 | 41.65 USD | -3.6% |
| 1986 | 43.18 USD | +3.7% |
| 1987 | 48.54 USD | +12.4% |
| 1988 | 58.43 USD | +20.4% |
| 1989 | 67.46 USD | +15.5% |
| 1990 | 70.44 USD | +4.4% |
| 1991 | 74.14 USD | +5.3% |
| 1992 | 75.04 USD | +1.2% |
| 1993 | 77.56 USD | +3.4% |
| 1994 | 83.71 USD | +7.9% |
| 1995 | 93.38 USD | +11.5% |
| 1996 | 93.09 USD | -0.3% |
| 1997 | 81.88 USD | -12.0% |
| 1998 | 57.92 USD | -29.3% |
| 1999 | 67.41 USD | +16.4% |
| 2000 | 71.59 USD | +6.2% |
| 2001 | 64.91 USD | -9.3% |
| 2002 | 68.96 USD | +6.2% |
| 2003 | 75.01 USD | +8.8% |
| 2004 | 80.53 USD | +7.4% |
| 2005 | 91.14 USD | +13.2% |
| 2006 | 97.56 USD | +7.0% |
| 2007 | 102.8 USD | +5.4% |
| 2008 | 89.4 USD | -13.0% |
| 2009 | 79.7 USD | -10.9% |
| 2010 | 90.42 USD | +13.4% |
| 2011 | 95.55 USD | +5.7% |
| 2012 | 95.19 USD | -0.4% |
| 2013 | 99.01 USD | +4.0% |
| 2014 | 104.06 USD | +5.1% |
| 2015 | 100 USD | -3.9% |
| 2016 | 99.44 USD | -0.6% |
| 2017 | 104.12 USD | +4.7% |
| 2018 | 107.64 USD | +3.4% |
| 2019 | 100.99 USD | -6.2% |
| 2020 | 101.29 USD | +0.3% |
| 2021 | 107.83 USD | +6.5% |
| 2022 | 97.24 USD | -9.8% |
| 2023 | 98.01 USD | +0.8% |
| 2024 | 97.6 USD | -0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 23.37 USD | 14.02 USD | 42.48 USD | 10 |
| 1980s | 47.49 USD | 41.65 USD | 67.46 USD | 10 |
| 1990s | 77.46 USD | 57.92 USD | 93.38 USD | 10 |
| 2000s | 82.16 USD | 64.91 USD | 102.8 USD | 10 |
| 2010s | 99.64 USD | 90.42 USD | 107.64 USD | 10 |
| 2020s | 100.4 USD | 97.24 USD | 107.83 USD | 5 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- GDP Deflator — Value Standard Local Currency, 2015 prices, annual 4.05 % change on previous year (2024)
- GDP Deflator — Value US$, 2015 prices, annual growth rate -0.4224 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value Standard Local 1.98 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices -2.41 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, annual growth 6.16 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate 1.59 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 2.03 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 2.03 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 6.06 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate 1.5 % change on previous year (2024)
Frequently asked questions
- What is gdp deflator — value us$, 2015 prices in Republic of Korea?
- Gdp deflator — value us$, 2015 prices in Republic of Korea was 97.6 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value us$, 2015 prices recorded in Republic of Korea?
- The highest recorded value was 107.83 USD in 2021.
- What is the lowest gdp deflator — value us$, 2015 prices recorded in Republic of Korea?
- The lowest recorded value was 14.02 USD in 1971.
- How does Republic of Korea rank for gdp deflator — value us$, 2015 prices?
- Republic of Korea ranks 192nd out of 222 countries with data for 2024.
- Is gdp deflator — value us$, 2015 prices rising or falling in Republic of Korea?
- Over the last ten years it is down 6.2%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of GDP Deflator — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).