GERD by sector of performance and socioeconomic objectives (NABS 2007) in Korea
Korea: GERD by sector of performance and socioeconomic objectives (NABS 2007) was 84,278 Million euro in 2023. ◆ Volatile
Latest (2023)
84,278 Million euro
Change on year
up 1.6%
World rank
6th
of 54 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 Korea, 2003–2023
Source: Eurostat. Measured in Million euro.
Analysis
In 2023, gerd by sector of performance and socioeconomic objectives in 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 Korea peaked at 84,278 Million euro in 2023 and was at its lowest, 14,158 Million euro, in 2003.
That places Korea 6th out of 54 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 (NABS 2007) in 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% |
Korea compared with similar countries
- Korea's 84,278 Million euro is above the median for high income countries, which is 8,893 Million euro, 9.5× the median. (35 countries reporting)
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 Korea
- 3 Germany 137,060 Million euro compare
- 4 Japan 134,809 Million euro compare
- 5 South Korea 88,821 Million euro compare
- 7 France 64,129 Million euro compare
- 8 United Kingdom 44,366 Million euro compare
- 8 United Kingdom 44,366 Million euro compare
More economy & growth data for Korea
- Real gdp growth, annual growth rate -49.75 % change on previous year (2025)
- 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)
Frequently asked questions
- What is gerd by sector of performance and socioeconomic objectives in Korea?
- Gerd by sector of performance and socioeconomic objectives in 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 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 Korea?
- The lowest recorded value was 14,158 Million euro in 2003.
- How does Korea rank for gerd by sector of performance and socioeconomic objectives?
- Korea ranks 6th out of 54 countries with data for 2023.
- Is gerd by sector of performance and socioeconomic objectives rising or falling in Korea?
- Over the last ten years it is up 106.6%. The long-run trend across the full record is volatile.
- Where does this 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.
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