Gross value added at basic prices (GVA) … 2015 annual growth rate in South Korea
South Korea: Gross value added at basic prices (GVA) … 2015 annual growth rate was 1.17 % change on previous year in 2025. ◆ Volatile
Gross value added at basic prices (GVA) (constant 2015 US$), annual in South Korea, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
South Korea recorded 1.17 % change on previous year for gross value added at basic prices (gva) (constant 2015 us$), annual in 2025.
Compared with earlier readings it is down 43.2% on the previous year and down 58.9% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant 2015 us$), annual in South Korea peaked at 14.48 % change on previous year in 1973 and was at its lowest, -4.52 % change on previous year, in 1998.
South Korea ranks 154th of 193 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 value added at basic prices (GVA) … 2015 annual growth rate in South Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 7.44 % change on previous year | — |
| 1962 | 3.59 % change on previous year | -51.8% |
| 1963 | 8.95 % change on previous year | +149.5% |
| 1964 | 9.64 % change on previous year | +7.7% |
| 1965 | 7.02 % change on previous year | -27.1% |
| 1966 | 11.89 % change on previous year | +69.3% |
| 1967 | 8.63 % change on previous year | -27.5% |
| 1968 | 12.64 % change on previous year | +46.5% |
| 1969 | 14.37 % change on previous year | +13.7% |
| 1970 | 9.57 % change on previous year | -33.4% |
| 1971 | 10.51 % change on previous year | +9.9% |
| 1972 | 7.49 % change on previous year | -28.7% |
| 1973 | 14.48 % change on previous year | +93.2% |
| 1974 | 9.36 % change on previous year | -35.3% |
| 1975 | 8.28 % change on previous year | -11.6% |
| 1976 | 12.07 % change on previous year | +45.8% |
| 1977 | 10.81 % change on previous year | -10.5% |
| 1978 | 10.24 % change on previous year | -5.2% |
| 1979 | 8.95 % change on previous year | -12.6% |
| 1980 | -1.09 % change on previous year | -112.2% |
| 1981 | 7.67 % change on previous year | -801.0% |
| 1982 | 8.32 % change on previous year | +8.4% |
| 1983 | 12.88 % change on previous year | +54.9% |
| 1984 | 10.51 % change on previous year | -18.4% |
| 1985 | 8.08 % change on previous year | -23.2% |
| 1986 | 11.51 % change on previous year | +42.4% |
| 1987 | 12.4 % change on previous year | +7.8% |
| 1988 | 12.15 % change on previous year | -2.0% |
| 1989 | 7.1 % change on previous year | -41.6% |
| 1990 | 9.74 % change on previous year | +37.2% |
| 1991 | 11.07 % change on previous year | +13.6% |
| 1992 | 6.65 % change on previous year | -40.0% |
| 1993 | 7.29 % change on previous year | +9.6% |
| 1994 | 9.15 % change on previous year | +25.7% |
| 1995 | 9.72 % change on previous year | +6.2% |
| 1996 | 7.95 % change on previous year | -18.3% |
| 1997 | 6.37 % change on previous year | -19.8% |
| 1998 | -4.52 % change on previous year | -171.0% |
| 1999 | 11.18 % change on previous year | -347.2% |
| 2000 | 9.09 % change on previous year | -18.8% |
| 2001 | 4.65 % change on previous year | -48.9% |
| 2002 | 8 % change on previous year | +72.1% |
| 2003 | 3.2 % change on previous year | -60.0% |
| 2004 | 5.26 % change on previous year | +64.4% |
| 2005 | 4.36 % change on previous year | -17.1% |
| 2006 | 5.32 % change on previous year | +21.9% |
| 2007 | 6.19 % change on previous year | +16.4% |
| 2008 | 3.35 % change on previous year | -45.8% |
| 2009 | 0.8727 % change on previous year | -74.0% |
| 2010 | 6.93 % change on previous year | +694.6% |
| 2011 | 3.64 % change on previous year | -47.5% |
| 2012 | 2.6 % change on previous year | -28.7% |
| 2013 | 3.49 % change on previous year | +34.3% |
| 2014 | 3.12 % change on previous year | -10.7% |
| 2015 | 2.85 % change on previous year | -8.5% |
| 2016 | 3.07 % change on previous year | +7.6% |
| 2017 | 3.5 % change on previous year | +14.2% |
| 2018 | 3.35 % change on previous year | -4.4% |
| 2019 | 2.46 % change on previous year | -26.6% |
| 2020 | -0.8591 % change on previous year | -135.0% |
| 2021 | 4.57 % change on previous year | -632.0% |
| 2022 | 3.18 % change on previous year | -30.3% |
| 2023 | 2.03 % change on previous year | -36.2% |
| 2024 | 2.06 % change on previous year | +1.5% |
| 2025 | 1.17 % change on previous year | -43.2% |
South Korea compared with similar countries
- South Korea's 1.17 % change on previous year is below the median for high income countries, which is 1.99 % change on previous year, 59% of the median. (69 countries reporting)
- South Korea's 1.17 % change on previous year is below the median for East Asia & Pacific, which is 3.89 % change on previous year, 30% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross value added at basic prices (GVA) … 2015 annual growth rate 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 |
|---|---|---|---|
| 1981 | +801.0% | -1.09 % change on previous year | 7.67 % change on previous year |
| 2010 | +694.6% | 0.8727 % change on previous year | 6.93 % change on previous year |
| 2021 | +632.0% | -0.8591 % change on previous year | 4.57 % change on previous year |
| 1999 | +347.2% | -4.52 % change on previous year | 11.18 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 9.35 % change on previous year | 3.59 % change on previous year | 14.37 % change on previous year | 9 |
| 1970s | 10.18 % change on previous year | 7.49 % change on previous year | 14.48 % change on previous year | 10 |
| 1980s | 8.95 % change on previous year | -1.09 % change on previous year | 12.88 % change on previous year | 10 |
| 1990s | 7.46 % change on previous year | -4.52 % change on previous year | 11.18 % change on previous year | 10 |
| 2000s | 5.03 % change on previous year | 0.8727 % change on previous year | 9.09 % change on previous year | 10 |
| 2010s | 3.5 % change on previous year | 2.46 % change on previous year | 6.93 % change on previous year | 10 |
| 2020s | 2.03 % change on previous year | -0.8591 % change on previous year | 4.57 % change on previous year | 6 |
Countries ranked near South Korea
- 151 Azerbaijan 1.24 % change on previous year compare
- 152 Belarus 1.22 % change on previous year compare
- 153 South Africa 1.18 % change on previous year compare
- 155 Slovenia 1.07 % change on previous year compare
- 156 Norway 1.02 % change on previous year compare
- 157 Trinidad and Tobago 1.01 % 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 value added at basic prices (gva) (constant 2015 us$), annual in South Korea?
- Gross value added at basic prices (gva) (constant 2015 us$), annual in South Korea was 1.17 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant 2015 us$), annual recorded in South Korea?
- The highest recorded value was 14.48 % change on previous year in 1973.
- What is the lowest gross value added at basic prices (gva) (constant 2015 us$), annual recorded in South Korea?
- The lowest recorded value was -4.52 % change on previous year in 1998.
- How does South Korea rank for gross value added at basic prices (gva) (constant 2015 us$), annual?
- South Korea ranks 154th out of 193 countries with data for 2025.
- Is gross value added at basic prices (gva) (constant 2015 us$), annual rising or falling in South Korea?
- Over the last ten years it is down 58.9%. 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 value added at basic prices (GVA) (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
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 value added at basic prices (GVA) (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.