GDP growth in Republic of Korea
Republic of Korea: GDP growth was 1.0% in 2025. ◆ Volatile
GDP growth in Republic of Korea, 1961–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
Republic of Korea recorded 1.0% for gdp growth in 2025.
The figure is down 49.7% on the previous year and down 65.5% over ten years.
Over the whole period, gdp growth in Republic of Korea peaked at 15.0% in 1973 and was at its lowest, -4.9%, in 1998.
Republic of Korea ranks 174th of 213 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP growth in Republic of Korea, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 6.9% | — |
| 1962 | 3.9% | -43.3% |
| 1963 | 9.0% | +129.7% |
| 1964 | 9.4% | +4.6% |
| 1965 | 7.3% | -22.4% |
| 1966 | 12.0% | +64.2% |
| 1967 | 9.2% | -23.8% |
| 1968 | 13.2% | +44.5% |
| 1969 | 14.6% | +10.3% |
| 1970 | 10.2% | -30.3% |
| 1971 | 10.7% | +4.8% |
| 1972 | 7.3% | -31.1% |
| 1973 | 15.0% | +104.1% |
| 1974 | 9.6% | -35.6% |
| 1975 | 7.9% | -17.8% |
| 1976 | 13.3% | +67.2% |
| 1977 | 12.4% | -6.7% |
| 1978 | 11.1% | -10.6% |
| 1979 | 8.7% | -21.1% |
| 1980 | -1.5% | -117.4% |
| 1981 | 7.4% | -585.7% |
| 1982 | 8.5% | +14.4% |
| 1983 | 13.5% | +59.0% |
| 1984 | 10.6% | -21.0% |
| 1985 | 7.9% | -25.4% |
| 1986 | 11.5% | +44.9% |
| 1987 | 12.9% | +12.1% |
| 1988 | 12.1% | -5.9% |
| 1989 | 7.2% | -40.9% |
| 1990 | 10.0% | +39.9% |
| 1991 | 10.9% | +8.5% |
| 1992 | 6.4% | -41.6% |
| 1993 | 7.0% | +10.1% |
| 1994 | 9.4% | +34.0% |
| 1995 | 9.7% | +3.9% |
| 1996 | 8.0% | -17.9% |
| 1997 | 6.3% | -21.4% |
| 1998 | -4.9% | -178.6% |
| 1999 | 11.6% | -335.2% |
| 2000 | 9.2% | -20.8% |
| 2001 | 4.7% | -48.6% |
| 2002 | 7.7% | +63.9% |
| 2003 | 3.1% | -60.3% |
| 2004 | 5.2% | +68.6% |
| 2005 | 4.4% | -15.9% |
| 2006 | 5.2% | +20.3% |
| 2007 | 5.8% | +11.4% |
| 2008 | 3.0% | -48.6% |
| 2009 | 0.8% | -72.7% |
| 2010 | 7.0% | +751.6% |
| 2011 | 3.7% | -47.2% |
| 2012 | 2.5% | -30.9% |
| 2013 | 3.3% | +29.2% |
| 2014 | 3.2% | -2.3% |
| 2015 | 2.9% | -9.2% |
| 2016 | 3.2% | +8.6% |
| 2017 | 3.4% | +8.3% |
| 2018 | 3.2% | -7.5% |
| 2019 | 2.3% | -27.2% |
| 2020 | -0.7% | -130.3% |
| 2021 | 4.6% | -758.8% |
| 2022 | 2.7% | -40.9% |
| 2023 | 1.6% | -42.0% |
| 2024 | 2.0% | +26.6% |
| 2025 | 1.0% | -49.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.5% | 3.9% | 14.6% | 9 |
| 1970s | 10.6% | 7.3% | 15.0% | 10 |
| 1980s | 9.0% | -1.5% | 13.5% | 10 |
| 1990s | 7.4% | -4.9% | 11.6% | 10 |
| 2000s | 4.9% | 0.8% | 9.2% | 10 |
| 2010s | 3.5% | 2.3% | 7.0% | 10 |
| 2020s | 1.9% | -0.7% | 4.6% | 6 |
Countries ranked near Republic of Korea
- 171 Micronesia, Federated States of 1.1% compare
- 172 Slovenia 1.1% compare
- 173 Sao Tome and Principe 1.0% compare
- 175 Russian Federation 1.0% compare
- 176 Belgium 1.0% compare
- 177 Greenland 0.9% compare
More economy & growth data for Republic of Korea
- GNI, Atlas method (current US$), annual growth rate 2.94 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.05 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 37,884 current US$ per person (2025)
- GNI (current US$), annual growth rate 0.1093 % change on previous year (2025)
- GNI (current US$), per unit of GDP 1.02 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 36,849 current US$ per person (2025)
- GNI (current LCU), annual growth rate 4.45 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 1,447 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 52.42 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 18.84 % change on previous year (2025)
Frequently asked questions
- What is gdp growth in Republic of Korea?
- Gdp growth in Republic of Korea was 1.0% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp growth recorded in Republic of Korea?
- The highest recorded value was 15.0% in 1973.
- What is the lowest gdp growth recorded in Republic of Korea?
- The lowest recorded value was -4.9% in 1998.
- How does Republic of Korea rank for gdp growth?
- Republic of Korea ranks 174th out of 213 countries with data for 2025.
- Is gdp growth 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 Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP growth (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.