GERD by sector of performance and socioeconomic objectives in South Korea
South 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 South Korea, 2003–2023
Source: Eurostat. Measured in Million euro.
Analysis
The most recent figure for gerd by sector of performance and socioeconomic objectives in South Korea is 84,278 Million euro, measured in 2023. That is the highest value across all 21 years on record.
That represents a change of 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 South Korea peaked at 84,278 Million euro in 2023 and was at its lowest, 14,158 Million euro, in 2003.
That places South 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 South 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 South Korea
- 3 Germany 135,570 Million euro compare
- 4 Japan 134,017 Million euro compare
- 5 Republic of 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 South Korea
- R&D personnel and researchers in business enterprise sector by size 459,405 Full-time equivalent (FTE) (2023)
- G20 CPI all-items - Group of Twenty - Consumer price index 126.3 Index, 2015=100 (2026)
- GBARD by socioeconomic objectives 17,986 Million euro (2024)
- Business enterprise R&D expenditure in high-tech sectors by NACE Rev. 66,741 Million euro (2023)
- R&D personnel and researchers in business enterprise sector by NACE 459,405 Full-time equivalent (FTE) (2023)
- Business enterprise R&D personnel in high-tech sectors by NACE Rev. 2 459,405 Full-time equivalent (FTE) (2023)
- Business expenditure on R&D (BERD) in ICT sector as % of total R&D 14.7% (2021)
- R&D personnel and researchers in business enterprise sector by NACE 208,428 Full-time equivalent (FTE) (2008)
- Business enterprise R&D expenditure in high-tech sectors by NACE Rev. 16,188 Million euro (2008)
- Business enterprise R&D personnel in high-tech sectors by NACE Rev. 208,428 Full-time equivalent (FTE) (2008)
Frequently asked questions
- What is gerd by sector of performance and socioeconomic objectives in South Korea?
- Gerd by sector of performance and socioeconomic objectives in South 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 South 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 South Korea?
- The lowest recorded value was 14,158 Million euro in 2003.
- How does South Korea rank for gerd by sector of performance and socioeconomic objectives?
- South Korea ranks 5th out of 52 countries with data for 2023.
- Is gerd by sector of performance and socioeconomic objectives rising or falling in South Korea?
- Over the last ten years it is up 106.6%. The long-run trend across the full record is volatile.
- Where does this South 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
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (Eurostat).