GERD by sector of performance and socioeconomic objectives in Republic of Korea
Republic of Korea: GERD by sector of performance and socioeconomic objectives was 84,278 Million euro in 2023. ◆ Volatile
Latest (2023)
84,278 Million euro
Change on year
up 1.6%
World rank
5th
of 52 countries
All-time high
84,278 Million euro
in 2023
All-time low
14,158 Million euro
in 2003
Years of data
21
2003–2023
GERD by sector of performance and socioeconomic objectives in Republic of Korea, 2003–2023
Source: Eurostat. Measured in Million euro.
Analysis
In 2023, gerd by sector of performance and socioeconomic objectives in Republic of Korea stood at 84,278 Million euro. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 1.6% on the previous year and up 106.6% over ten years.
Over the whole period, gerd by sector of performance and socioeconomic objectives in Republic of Korea peaked at 84,278 Million euro in 2023 and was at its lowest, 14,158 Million euro, in 2003.
That places Republic of Korea 5th out of 52 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
GERD by sector of performance and socioeconomic objectives in Republic of Korea, year by year
| Year | Million euro | Change |
|---|---|---|
| 2003 | 14,158 Million euro | — |
| 2004 | 15,595 Million euro | +10.2% |
| 2005 | 18,966 Million euro | +21.6% |
| 2006 | 22,815 Million euro | +20.3% |
| 2007 | 24,589 Million euro | +7.8% |
| 2008 | 21,480 Million euro | -12.6% |
| 2009 | 21,394 Million euro | -0.4% |
| 2010 | 28,629 Million euro | +33.8% |
| 2011 | 32,370 Million euro | +13.1% |
| 2012 | 38,302 Million euro | +18.3% |
| 2013 | 40,787 Million euro | +6.5% |
| 2014 | 45,585 Million euro | +11.8% |
| 2015 | 52,493 Million euro | +15.2% |
| 2016 | 54,047 Million euro | +3.0% |
| 2017 | 61,711 Million euro | +14.2% |
| 2018 | 65,992 Million euro | +6.9% |
| 2019 | 68,219 Million euro | +3.4% |
| 2020 | 69,168 Million euro | +1.4% |
| 2021 | 75,429 Million euro | +9.1% |
| 2022 | 82,946 Million euro | +10.0% |
| 2023 | 84,278 Million euro | +1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 19,856 Million euro | 14,158 Million euro | 24,589 Million euro | 7 |
| 2010s | 48,814 Million euro | 28,629 Million euro | 68,219 Million euro | 10 |
| 2020s | 77,955 Million euro | 69,168 Million euro | 84,278 Million euro | 4 |
Countries ranked near Republic of Korea
- 3 Germany 135,570 Million euro compare
- 4 Japan 134,017 Million euro compare
- 5 South Korea 84,278 Million euro compare
- 7 France 63,600 Million euro compare
- 8 United Kingdom of Great Britain and Northern Ireland 44,366 Million euro compare
- 8 United Kingdom 44,366 Million euro compare
More economy & growth data for Republic of Korea
- Imports of goods and services (constant 2015 US$), annual growth rate 3.84 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3902 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 14,137 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth 26.56 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth 32.05 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 4.59 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 20.83 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 754,550 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 1.45 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.0147 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gerd by sector of performance and socioeconomic objectives in Republic of Korea?
- Gerd by sector of performance and socioeconomic objectives in Republic of Korea was 84,278 Million euro in 2023, according to Eurostat.
- What is the highest gerd by sector of performance and socioeconomic objectives recorded in Republic of Korea?
- The highest recorded value was 84,278 Million euro in 2023.
- What is the lowest gerd by sector of performance and socioeconomic objectives recorded in Republic of Korea?
- The lowest recorded value was 14,158 Million euro in 2003.
- How does Republic of Korea rank for gerd by sector of performance and socioeconomic objectives?
- Republic of Korea ranks 5th out of 52 countries with data for 2023.
- Is gerd by sector of performance and socioeconomic objectives rising or falling in Republic of Korea?
- Over the last ten years it is up 106.6%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Eurostat, published as part of GERD by sector of performance and socioeconomic objectives (NABS 2007). Statizoid updates them automatically from the source API.
Download this data
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