Gross Fixed Capital Formation Deflator — Value Standard Local in Republic of Korea
Republic of Korea: Gross Fixed Capital Formation Deflator — Value Standard Local was 1.98 % change on previous year in 2024. ◆ Volatile
Gross Fixed Capital Formation Deflator — Value Standard Local in Republic of Korea, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Republic of Korea recorded 1.98 % change on previous year for gross fixed capital formation deflator — value standard local in 2024.
The figure is down 17.8% on the previous year and up 272.4% over ten years.
Over the whole period, gross fixed capital formation deflator — value standard local in Republic of Korea peaked at 39.82 % change on previous year in 1974 and was at its lowest, -1.76 % change on previous year, in 1999.
That places Republic of Korea 135th out of 208 countries with data for 2024, 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 Fixed Capital Formation Deflator — Value Standard Local in Republic of Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 4.55 % change on previous year | — |
| 1972 | 11.15 % change on previous year | +144.9% |
| 1973 | 16.46 % change on previous year | +47.7% |
| 1974 | 39.82 % change on previous year | +141.8% |
| 1975 | 21.01 % change on previous year | -47.2% |
| 1976 | 4.26 % change on previous year | -79.7% |
| 1977 | 7.75 % change on previous year | +82.0% |
| 1978 | 14.41 % change on previous year | +85.9% |
| 1979 | 20.9 % change on previous year | +45.1% |
| 1980 | 31.47 % change on previous year | +50.6% |
| 1981 | 12.87 % change on previous year | -59.1% |
| 1982 | 5.65 % change on previous year | -56.1% |
| 1983 | 4.32 % change on previous year | -23.5% |
| 1984 | 1.45 % change on previous year | -66.5% |
| 1985 | 4.77 % change on previous year | +229.6% |
| 1986 | 1.94 % change on previous year | -59.2% |
| 1987 | 2.53 % change on previous year | +30.2% |
| 1988 | 6.52 % change on previous year | +157.8% |
| 1989 | 4.15 % change on previous year | -36.4% |
| 1990 | 10.77 % change on previous year | +159.8% |
| 1991 | 10.25 % change on previous year | -4.9% |
| 1992 | 6.16 % change on previous year | -39.9% |
| 1993 | 3.39 % change on previous year | -45.0% |
| 1994 | 3.59 % change on previous year | +5.8% |
| 1995 | 5.79 % change on previous year | +61.4% |
| 1996 | 4.46 % change on previous year | -23.1% |
| 1997 | 5.45 % change on previous year | +22.3% |
| 1998 | 7.57 % change on previous year | +38.9% |
| 1999 | -1.76 % change on previous year | -123.3% |
| 2000 | 2.34 % change on previous year | -232.6% |
| 2001 | 2.48 % change on previous year | +6.0% |
| 2002 | 1.81 % change on previous year | -27.1% |
| 2003 | 4.01 % change on previous year | +121.9% |
| 2004 | 4.57 % change on previous year | +13.9% |
| 2005 | 2.07 % change on previous year | -54.6% |
| 2006 | 1.08 % change on previous year | -48.0% |
| 2007 | 1.87 % change on previous year | +73.4% |
| 2008 | 9.45 % change on previous year | +405.8% |
| 2009 | 3.45 % change on previous year | -63.5% |
| 2010 | 1.61 % change on previous year | -53.3% |
| 2011 | 3.41 % change on previous year | +111.6% |
| 2012 | 1.67 % change on previous year | -51.2% |
| 2013 | -0.2064 % change on previous year | -112.4% |
| 2014 | 0.5312 % change on previous year | -357.4% |
| 2015 | 0.8807 % change on previous year | +65.8% |
| 2016 | 0.88 % change on previous year | -0.1% |
| 2017 | 1.86 % change on previous year | +111.8% |
| 2018 | 1.86 % change on previous year | -0.4% |
| 2019 | 2.54 % change on previous year | +36.9% |
| 2020 | 1.17 % change on previous year | -54.0% |
| 2021 | 4.96 % change on previous year | +324.4% |
| 2022 | 6.25 % change on previous year | +25.9% |
| 2023 | 2.41 % change on previous year | -61.5% |
| 2024 | 1.98 % change on previous year | -17.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.59 % change on previous year | 4.26 % change on previous year | 39.82 % change on previous year | 9 |
| 1980s | 7.57 % change on previous year | 1.45 % change on previous year | 31.47 % change on previous year | 10 |
| 1990s | 5.57 % change on previous year | -1.76 % change on previous year | 10.77 % change on previous year | 10 |
| 2000s | 3.31 % change on previous year | 1.08 % change on previous year | 9.45 % change on previous year | 10 |
| 2010s | 1.5 % change on previous year | -0.2064 % change on previous year | 3.41 % change on previous year | 10 |
| 2020s | 3.35 % change on previous year | 1.17 % change on previous year | 6.25 % change on previous year | 5 |
Countries ranked near Republic of Korea
- 132 Philippines 2.03 % change on previous year compare
- 133 Libya 2.01 % change on previous year compare
- 134 Eswatini 2 % change on previous year compare
- 136 Lao People's Democratic Republic 1.97 % change on previous year compare
- 137 Czechia 1.96 % change on previous year compare
- 138 Curaçao 1.96 % change on previous year compare
More economy & growth data for Republic of Korea
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices -2.41 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, annual growth 6.16 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate 1.59 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 2.03 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 2.03 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 6.06 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate 1.5 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 4 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 4 % change on previous year (2024)
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4 % (2024)
Frequently asked questions
- What is gross fixed capital formation deflator — value standard local in Republic of Korea?
- Gross fixed capital formation deflator — value standard local in Republic of Korea was 1.98 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross fixed capital formation deflator — value standard local recorded in Republic of Korea?
- The highest recorded value was 39.82 % change on previous year in 1974.
- What is the lowest gross fixed capital formation deflator — value standard local recorded in Republic of Korea?
- The lowest recorded value was -1.76 % change on previous year in 1999.
- How does Republic of Korea rank for gross fixed capital formation deflator — value standard local?
- Republic of Korea ranks 135th out of 208 countries with data for 2024.
- Is gross fixed capital formation deflator — value standard local rising or falling in Republic of Korea?
- Over the last ten years it is up 272.4%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Statizoid (derived), published as part of Gross Fixed Capital Formation Deflator — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross Fixed Capital Formation Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Fixed Capital Formation Deflator — Value Standard Local Food and Agriculture Organization of the United Nations
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 Fixed Capital Formation Deflator — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.