Gross domestic product (GDP), Constant prices, Percent change in Korea
Korea: Gross domestic product (GDP), Constant prices, Percent change was 1.89 in 2031. ◆ Volatile
Gross domestic product (GDP), Constant prices, Percent change in Korea, 1980–2031
Source: International Monetary Fund.
Analysis
In 2031, gross domestic product (gdp), constant prices, percent change in Korea stood at 1.89.
That represents a change of up 0.2% on the previous year and down 59.1% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, percent change in Korea peaked at 13.47 in 1983 and was at its lowest, -4.94, in 1998.
Korea ranks 23rd of 26 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Constant prices, Percent change in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | -1.52 | — |
| 1981 | 7.4 | -585.7% |
| 1982 | 8.47 | +14.4% |
| 1983 | 13.47 | +59.0% |
| 1984 | 10.64 | -21.0% |
| 1985 | 7.94 | -25.4% |
| 1986 | 11.5 | +44.9% |
| 1987 | 12.89 | +12.1% |
| 1988 | 12.13 | -5.9% |
| 1989 | 7.17 | -40.9% |
| 1990 | 10.02 | +39.9% |
| 1991 | 10.88 | +8.5% |
| 1992 | 6.35 | -41.6% |
| 1993 | 6.99 | +10.1% |
| 1994 | 9.37 | +34.0% |
| 1995 | 9.74 | +3.9% |
| 1996 | 7.99 | -17.9% |
| 1997 | 6.28 | -21.4% |
| 1998 | -4.94 | -178.6% |
| 1999 | 11.62 | -335.2% |
| 2000 | 9.2 | -20.8% |
| 2001 | 4.73 | -48.6% |
| 2002 | 7.74 | +63.9% |
| 2003 | 3.07 | -60.3% |
| 2004 | 5.18 | +68.6% |
| 2005 | 4.36 | -15.9% |
| 2006 | 5.25 | +20.3% |
| 2007 | 5.84 | +11.4% |
| 2008 | 3 | -48.6% |
| 2009 | 0.8199 | -72.7% |
| 2010 | 6.98 | +751.6% |
| 2011 | 3.69 | -47.2% |
| 2012 | 2.55 | -30.9% |
| 2013 | 3.29 | +29.2% |
| 2014 | 3.21 | -2.3% |
| 2015 | 2.92 | -9.2% |
| 2016 | 3.17 | +8.6% |
| 2017 | 3.43 | +8.3% |
| 2018 | 3.18 | -7.5% |
| 2019 | 2.31 | -27.2% |
| 2020 | -0.7002 | -130.3% |
| 2021 | 4.61 | -758.8% |
| 2022 | 2.73 | -40.9% |
| 2023 | 1.58 | -42.0% |
| 2024 | 2 | +26.6% |
| 2025 | 1.01 | -49.7% |
| 2026 | 1.86 | +84.9% |
| 2027 | 2.12 | +14.0% |
| 2028 | 2.16 | +1.7% |
| 2029 | 1.97 | -8.8% |
| 2030 | 1.88 | -4.3% |
| 2031 | 1.89 | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 9.01 | -1.52 | 13.47 | 10 |
| 1990s | 7.43 | -4.94 | 11.62 | 10 |
| 2000s | 4.92 | 0.8199 | 9.2 | 10 |
| 2010s | 3.47 | 2.31 | 6.98 | 10 |
| 2020s | 1.93 | -0.7002 | 4.61 | 10 |
| 2030s | 1.89 | 1.88 | 1.89 | 2 |
Countries ranked near Korea
- 20 Hong Kong, China 2.17 compare
- 21 Chinese Taipei 2.12 compare
- 22 Iran, Islamic Republic of 2.06 compare
- 24 Spain 1.7 compare
- 25 Estonia 1.67 compare
- 26 Japan 0.6084 compare
More economy & growth data for Korea
- Foreign direct investment, net outflows (BoP, current US$), gaps 41.23 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.022 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 797.74 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 15.80 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 22.87 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0084 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 305.78 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.39 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.2332 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 8,447 includes gold, current US$ per person (2025)
Frequently asked questions
- What is gross domestic product (gdp), constant prices, percent change in Korea?
- Gross domestic product (gdp), constant prices, percent change in Korea was 1.89 in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, percent change recorded in Korea?
- The highest recorded value was 13.47 in 1983.
- What is the lowest gross domestic product (gdp), constant prices, percent change recorded in Korea?
- The lowest recorded value was -4.94 in 1998.
- How does Korea rank for gross domestic product (gdp), constant prices, percent change?
- Korea ranks 23rd out of 26 countries with data for 2031.
- Is gross domestic product (gdp), constant prices, percent change rising or falling in Korea?
- Over the last ten years it is down 59.1%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Percent change (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.