Gross domestic product (GDP), annual growth rate (Bolt) in South Korea
South Korea: Gross domestic product (GDP), annual growth rate (Bolt) was 2.56 % change on previous year in 2022. ◆ Volatile
Latest (2022)
2.56 % change on previous year
Change on year
down 38.2%
World rank
119th
of 166 countries
All-time high
27.53 % change on previous year
in 1953
All-time low
-20.74 % change on previous year
in 1942
Years of data
108
1912–2022
Gross domestic product (GDP), annual growth rate in South Korea, 1912–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2022, gross domestic product (gdp), annual growth rate in South Korea stood at 2.56 % change on previous year.
Compared with earlier readings it is down 38.2% on the previous year and up 6.6% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in South Korea peaked at 27.53 % change on previous year in 1953 and was at its lowest, -20.74 % change on previous year, in 1942.
That places South Korea 119th out of 166 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate (Bolt) in South Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1912 | 0.0282 % change on previous year | — |
| 1913 | 9.11 % change on previous year | +32256.5% |
| 1914 | 8.89 % change on previous year | -2.5% |
| 1915 | 1.92 % change on previous year | -78.4% |
| 1916 | 5.93 % change on previous year | +209.0% |
| 1917 | 5.55 % change on previous year | -6.5% |
| 1918 | 6.13 % change on previous year | +10.4% |
| 1919 | -2.94 % change on previous year | -148.0% |
| 1920 | 6.41 % change on previous year | -318.1% |
| 1921 | 5.22 % change on previous year | -18.6% |
| 1922 | 3.32 % change on previous year | -36.3% |
| 1923 | 2.85 % change on previous year | -14.2% |
| 1924 | -3.64 % change on previous year | -227.8% |
| 1925 | 5.2 % change on previous year | -242.8% |
| 1926 | 5.45 % change on previous year | +4.8% |
| 1927 | 6.79 % change on previous year | +24.5% |
| 1928 | -6.13 % change on previous year | -190.3% |
| 1929 | 1.54 % change on previous year | -125.1% |
| 1930 | 10.92 % change on previous year | +610.7% |
| 1931 | 0.5418 % change on previous year | -95.0% |
| 1932 | 1.58 % change on previous year | +190.9% |
| 1933 | 3.7 % change on previous year | +134.6% |
| 1934 | 2.68 % change on previous year | -27.5% |
| 1935 | 6.8 % change on previous year | +153.7% |
| 1936 | -3.03 % change on previous year | -144.5% |
| 1937 | 19.43 % change on previous year | -741.4% |
| 1938 | -2.76 % change on previous year | -114.2% |
| 1939 | -16.1 % change on previous year | +483.7% |
| 1940 | 23.6 % change on previous year | -246.6% |
| 1941 | 8.27 % change on previous year | -65.0% |
| 1942 | -20.74 % change on previous year | -350.9% |
| 1943 | 3.96 % change on previous year | -119.1% |
| 1947 | 5.08 % change on previous year | +28.3% |
| 1948 | 18.07 % change on previous year | +255.9% |
| 1949 | 9.18 % change on previous year | -49.2% |
| 1950 | -13.41 % change on previous year | -246.1% |
| 1951 | -0.5883 % change on previous year | -95.6% |
| 1952 | 5.13 % change on previous year | -971.9% |
| 1953 | 27.53 % change on previous year | +436.7% |
| 1954 | 5.23 % change on previous year | -81.0% |
| 1955 | 4.23 % change on previous year | -19.1% |
| 1956 | 0.0986 % change on previous year | -97.7% |
| 1957 | 8.93 % change on previous year | +8954.7% |
| 1958 | 6.42 % change on previous year | -28.1% |
| 1959 | 5.7 % change on previous year | -11.3% |
| 1960 | 2.81 % change on previous year | -50.6% |
| 1961 | 7.23 % change on previous year | +157.0% |
| 1962 | 4.09 % change on previous year | -43.5% |
| 1963 | 9.37 % change on previous year | +129.2% |
| 1964 | 9.66 % change on previous year | +3.1% |
| 1965 | 7.19 % change on previous year | -25.6% |
| 1966 | 11.98 % change on previous year | +66.8% |
| 1967 | 9.12 % change on previous year | -23.9% |
| 1968 | 13.19 % change on previous year | +44.7% |
| 1969 | 14.54 % change on previous year | +10.3% |
| 1970 | 10 % change on previous year | -31.2% |
| 1971 | 10.45 % change on previous year | +4.6% |
| 1972 | 7.15 % change on previous year | -31.6% |
| 1973 | 14.73 % change on previous year | +106.0% |
| 1974 | 9.56 % change on previous year | -35.1% |
| 1975 | 7.87 % change on previous year | -17.7% |
| 1976 | 13.15 % change on previous year | +67.2% |
| 1977 | 12.32 % change on previous year | -6.3% |
| 1978 | 10.85 % change on previous year | -11.9% |
| 1979 | 8.48 % change on previous year | -21.9% |
| 1980 | -1.7 % change on previous year | -120.1% |
| 1981 | 7.18 % change on previous year | -522.2% |
| 1982 | 8.26 % change on previous year | +15.1% |
| 1983 | 13.24 % change on previous year | +60.2% |
| 1984 | 10.44 % change on previous year | -21.1% |
| 1985 | 7.75 % change on previous year | -25.8% |
| 1986 | 11.22 % change on previous year | +44.8% |
| 1987 | 12.47 % change on previous year | +11.1% |
| 1988 | 11.9 % change on previous year | -4.5% |
| 1989 | 7.03 % change on previous year | -40.9% |
| 1990 | 9.81 % change on previous year | +39.5% |
| 1991 | 9.6 % change on previous year | -2.1% |
| 1992 | 5.45 % change on previous year | -43.3% |
| 1993 | 6.11 % change on previous year | +12.2% |
| 1994 | 8.46 % change on previous year | +38.5% |
| 1995 | 8.81 % change on previous year | +4.2% |
| 1996 | 6.86 % change on previous year | -22.2% |
| 1997 | 5.2 % change on previous year | -24.2% |
| 1998 | -6.12 % change on previous year | -217.8% |
| 1999 | 10.55 % change on previous year | -272.3% |
| 2000 | 8.18 % change on previous year | -22.5% |
| 2001 | 3.81 % change on previous year | -53.4% |
| 2002 | 6.69 % change on previous year | +75.7% |
| 2003 | 2.22 % change on previous year | -66.8% |
| 2004 | 4.18 % change on previous year | +87.9% |
| 2005 | 3.21 % change on previous year | -23.2% |
| 2006 | 4.46 % change on previous year | +38.9% |
| 2007 | 4.74 % change on previous year | +6.3% |
| 2008 | 2.12 % change on previous year | -55.2% |
| 2009 | 0.0142 % change on previous year | -99.3% |
| 2010 | 5.76 % change on previous year | +40456.1% |
| 2011 | 2.97 % change on previous year | -48.5% |
| 2012 | 2.4 % change on previous year | -19.1% |
| 2013 | 3.17 % change on previous year | +31.7% |
| 2014 | 3.2 % change on previous year | +1.2% |
| 2015 | 2.81 % change on previous year | -12.3% |
| 2016 | 2.95 % change on previous year | +4.9% |
| 2017 | 3.16 % change on previous year | +7.2% |
| 2018 | 2.91 % change on previous year | -8.0% |
| 2019 | 2.24 % change on previous year | -22.8% |
| 2020 | -0.709 % change on previous year | -131.6% |
| 2021 | 4.14 % change on previous year | -684.6% |
| 2022 | 2.56 % change on previous year | -38.2% |
South Korea compared with similar countries
- South Korea's 2.56 % change on previous year is below the median for high income countries, which is 3.67 % change on previous year, 70% of the median. (55 countries reporting)
- South Korea's 2.56 % change on previous year is below the median for East Asia & Pacific, which is 3.65 % change on previous year, 70% of the median. (17 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate (Bolt) in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +40456.1% | 0.0142 % change on previous year | 5.76 % change on previous year |
| 1913 | +32256.5% | 0.0282 % change on previous year | 9.11 % change on previous year |
| 1957 | +8954.7% | 0.0986 % change on previous year | 8.93 % change on previous year |
| 1952 | +971.9% | -0.5883 % change on previous year | 5.13 % change on previous year |
| 1937 | +741.4% | -3.03 % change on previous year | 19.43 % change on previous year |
| 2021 | +684.6% | -0.709 % change on previous year | 4.14 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1910s | 4.33 % change on previous year | -2.94 % change on previous year | 9.11 % change on previous year | 8 |
| 1920s | 2.7 % change on previous year | -6.13 % change on previous year | 6.79 % change on previous year | 10 |
| 1930s | 2.38 % change on previous year | -16.1 % change on previous year | 19.43 % change on previous year | 10 |
| 1940s | 6.77 % change on previous year | -20.74 % change on previous year | 23.6 % change on previous year | 7 |
| 1950s | 4.93 % change on previous year | -13.41 % change on previous year | 27.53 % change on previous year | 10 |
| 1960s | 8.92 % change on previous year | 2.81 % change on previous year | 14.54 % change on previous year | 10 |
| 1970s | 10.45 % change on previous year | 7.15 % change on previous year | 14.73 % change on previous year | 10 |
| 1980s | 8.78 % change on previous year | -1.7 % change on previous year | 13.24 % change on previous year | 10 |
| 1990s | 6.47 % change on previous year | -6.12 % change on previous year | 10.55 % change on previous year | 10 |
| 2000s | 3.96 % change on previous year | 0.0142 % change on previous year | 8.18 % change on previous year | 10 |
| 2010s | 3.16 % change on previous year | 2.24 % change on previous year | 5.76 % change on previous year | 10 |
| 2020s | 2 % change on previous year | -0.709 % change on previous year | 4.14 % change on previous year | 3 |
Countries ranked near South Korea
- 116 Comoros 2.62 % change on previous year compare
- 117 El Salvador 2.59 % change on previous year compare
- 118 France 2.56 % change on previous year compare
- 120 Tunisia 2.52 % change on previous year compare
- 121 Chad 2.49 % change on previous year compare
- 122 Trinidad and Tobago 2.48 % change on previous year compare
More economy & growth data for South Korea
- 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)
- IMF holdings of currency, SDR, annual growth rate -0.4147 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in South Korea?
- Gross domestic product (gdp), annual growth rate in South Korea was 2.56 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in South Korea?
- The highest recorded value was 27.53 % change on previous year in 1953.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in South Korea?
- The lowest recorded value was -20.74 % change on previous year in 1942.
- How does South Korea rank for gross domestic product (gdp), annual growth rate?
- South Korea ranks 119th out of 166 countries with data for 2022.
- Is gross domestic product (gdp), annual growth rate rising or falling in South Korea?
- Over the last ten years it is up 6.6%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 108 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.