Gross domestic product (GDP), Current prices, Domestic currency in South Korea
South Korea: Gross domestic product (GDP), Current prices, Domestic currency was 1.1 % change on previous year in 2019. ◆ Volatile
Gross domestic product (GDP), Current prices, Domestic currency in South Korea, 1961–2019
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
South Korea recorded 1.1 % change on previous year for gross domestic product (gdp), current prices, domestic currency in 2019.
That represents a change of down 67.7% on the previous year and down 75.2% over ten years.
Over the whole period, gross domestic product (gdp), current prices, domestic currency in South Korea peaked at 43.02 % change on previous year in 1974 and was at its lowest, -0.8832 % change on previous year, in 1998.
South Korea ranks 167th of 194 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), Current prices, Domestic currency in South Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 20.75 % change on previous year | — |
| 1962 | 21.27 % change on previous year | +2.5% |
| 1963 | 41.73 % change on previous year | +96.2% |
| 1964 | 42.65 % change on previous year | +2.2% |
| 1965 | 12.4 % change on previous year | -70.9% |
| 1966 | 28.23 % change on previous year | +127.7% |
| 1967 | 23.22 % change on previous year | -17.7% |
| 1968 | 28.87 % change on previous year | +24.3% |
| 1969 | 30.7 % change on previous year | +6.3% |
| 1970 | 26.39 % change on previous year | -14.0% |
| 1971 | 22.93 % change on previous year | -13.1% |
| 1972 | 24.13 % change on previous year | +5.2% |
| 1973 | 29.52 % change on previous year | +22.3% |
| 1974 | 43.02 % change on previous year | +45.7% |
| 1975 | 33.38 % change on previous year | -22.4% |
| 1976 | 37.27 % change on previous year | +11.6% |
| 1977 | 28.57 % change on previous year | -23.3% |
| 1978 | 35.18 % change on previous year | +23.1% |
| 1979 | 28.81 % change on previous year | -18.1% |
| 1980 | 22.6 % change on previous year | -21.6% |
| 1981 | 25.03 % change on previous year | +10.8% |
| 1982 | 15.33 % change on previous year | -38.7% |
| 1983 | 18.84 % change on previous year | +22.9% |
| 1984 | 15.44 % change on previous year | -18.1% |
| 1985 | 12.14 % change on previous year | -21.4% |
| 1986 | 16.86 % change on previous year | +38.9% |
| 1987 | 18.17 % change on previous year | +7.8% |
| 1988 | 19.96 % change on previous year | +9.9% |
| 1989 | 13.57 % change on previous year | -32.0% |
| 1990 | 20.96 % change on previous year | +54.5% |
| 1991 | 20.9 % change on previous year | -0.3% |
| 1992 | 14.46 % change on previous year | -30.8% |
| 1993 | 13.56 % change on previous year | -6.2% |
| 1994 | 18.18 % change on previous year | +34.1% |
| 1995 | 17.31 % change on previous year | -4.8% |
| 1996 | 12.33 % change on previous year | -28.8% |
| 1997 | 10.42 % change on previous year | -15.5% |
| 1998 | -0.8832 % change on previous year | -108.5% |
| 1999 | 10.1 % change on previous year | -1243.1% |
| 2000 | 10.18 % change on previous year | +0.8% |
| 2001 | 8.5 % change on previous year | -16.5% |
| 2002 | 10.99 % change on previous year | +29.3% |
| 2003 | 6.71 % change on previous year | -39.0% |
| 2004 | 8.49 % change on previous year | +26.6% |
| 2005 | 5.39 % change on previous year | -36.4% |
| 2006 | 5.03 % change on previous year | -6.8% |
| 2007 | 8.36 % change on previous year | +66.2% |
| 2008 | 5.92 % change on previous year | -29.1% |
| 2009 | 4.43 % change on previous year | -25.2% |
| 2010 | 9.73 % change on previous year | +119.6% |
| 2011 | 5.02 % change on previous year | -48.4% |
| 2012 | 3.68 % change on previous year | -26.5% |
| 2013 | 4.22 % change on previous year | +14.4% |
| 2014 | 4.14 % change on previous year | -1.8% |
| 2015 | 6.08 % change on previous year | +47.0% |
| 2016 | 4.99 % change on previous year | -18.0% |
| 2017 | 5.45 % change on previous year | +9.2% |
| 2018 | 3.4 % change on previous year | -37.6% |
| 2019 | 1.1 % change on previous year | -67.7% |
South Korea compared with similar countries
- South Korea's 1.1 % change on previous year is below the median for high income countries, which is 3.62 % change on previous year, 30% of the median. (65 countries reporting)
- South Korea's 1.1 % change on previous year is below the median for East Asia & Pacific, which is 4.53 % change on previous year, 24% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Current prices, Domestic currency 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 |
|---|---|---|---|
| 1999 | +1243.1% | -0.8832 % change on previous year | 10.1 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 27.76 % change on previous year | 12.4 % change on previous year | 42.65 % change on previous year | 9 |
| 1970s | 30.92 % change on previous year | 22.93 % change on previous year | 43.02 % change on previous year | 10 |
| 1980s | 17.79 % change on previous year | 12.14 % change on previous year | 25.03 % change on previous year | 10 |
| 1990s | 13.73 % change on previous year | -0.8832 % change on previous year | 20.96 % change on previous year | 10 |
| 2000s | 7.4 % change on previous year | 4.43 % change on previous year | 10.99 % change on previous year | 10 |
| 2010s | 4.78 % change on previous year | 1.1 % change on previous year | 9.73 % change on previous year | 10 |
Countries ranked near South Korea
- 164 Saint Vincent and the Grenadines 1.74 % change on previous year compare
- 165 Bolivia 1.51 % change on previous year compare
- 166 Japan 1.26 % change on previous year compare
- 168 Hong Kong 1.08 % change on previous year compare
- 169 Italy 1.05 % change on previous year compare
- 170 Switzerland 1.04 % change on previous year compare
More economy & growth data for South Korea
- IMF holdings of currency, SDR, annual growth rate -0.4147 % change on previous year (2025)
- IMF holdings of currency, SDR, per unit of GDP 0.0034 units per US$ of GDP (2025)
- IMF holdings of currency, SDR, per capita 123.22 units per person (2025)
- Lending to the IMF (GRA), SDR, per capita 0 units per person (2025)
- SDR Allocation, US dollar, annual growth rate 5.01 % change on previous year (2025)
- SDR Allocation, US dollar, per unit of GDP 0.0078 units per US$ of GDP (2025)
- SDR Allocation, US dollar, per capita 281.68 units per person (2025)
- SDR Allocation, SDR, annual growth rate 0 % change on previous year (2025)
- SDR Allocation, SDR, per unit of GDP 0.0057 units per US$ of GDP (2025)
- SDR Allocation, SDR, per capita 205.68 units per person (2025)
Frequently asked questions
- What is gross domestic product (gdp), current prices, domestic currency in South Korea?
- Gross domestic product (gdp), current prices, domestic currency in South Korea was 1.1 % change on previous year in 2019, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), current prices, domestic currency recorded in South Korea?
- The highest recorded value was 43.02 % change on previous year in 1974.
- What is the lowest gross domestic product (gdp), current prices, domestic currency recorded in South Korea?
- The lowest recorded value was -0.8832 % change on previous year in 1998.
- How does South Korea rank for gross domestic product (gdp), current prices, domestic currency?
- South Korea ranks 167th out of 194 countries with data for 2019.
- Is gross domestic product (gdp), current prices, domestic currency rising or falling in South Korea?
- Over the last ten years it is down 75.2%. 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), Current prices, Domestic currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 59 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), Current prices, Domestic currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP), Current prices, Domestic currency International Monetary Fund
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), Current prices, Domestic currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.