Gross value added at basic prices (GVA) (constant LCU), annual growth in South Korea
South Korea: Gross value added at basic prices (GVA) (constant LCU), annual growth was 1.17 % change on previous year in 2025. ◆ Volatile
Latest (2025)
1.17 % change on previous year
Change on year
down 43.2%
World rank
155th
of 195 countries
All-time high
14.48 % change on previous year
in 1973
All-time low
-4.52 % change on previous year
in 1998
Years of data
65
1961–2025
Gross value added at basic prices (GVA) (constant LCU), annual growth in South Korea, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, gross value added at basic prices (gva) (constant lcu), annual growth in South Korea stood at 1.17 % change on previous year.
Compared with earlier readings it is down 43.2% on the previous year and down 59.0% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant lcu), annual growth 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 155th of 195 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) (constant LCU), annual growth 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 | +9.8% |
| 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 | -801.1% |
| 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 | +13.7% |
| 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 | -18.7% |
| 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 | +64.5% |
| 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 | 0.8724 % change on previous year | -74.0% |
| 2010 | 6.93 % change on previous year | +694.9% |
| 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 | +14.1% |
| 2018 | 3.35 % change on previous year | -4.4% |
| 2019 | 2.46 % change on previous year | -26.6% |
| 2020 | -0.8589 % change on previous year | -135.0% |
| 2021 | 4.57 % change on previous year | -632.1% |
| 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% |
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 | 0.8724 % 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 | -0.8589 % change on previous year | 4.57 % change on previous year | 6 |
Countries ranked near South Korea
- 152 Azerbaijan 1.24 % change on previous year compare
- 153 Belarus 1.22 % change on previous year compare
- 154 South Africa 1.17 % change on previous year compare
- 156 Slovenia 1.07 % change on previous year compare
- 157 Norway 1.02 % change on previous year compare
- 158 Trinidad and Tobago 1.01 % change on previous year compare
More economy & growth data for South Korea
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.34 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 1,323 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 47.93 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.17 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.9641 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 34,925 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 1,148 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 41.59 million constant LCU per person (2025)
- GDP (current US$), annual growth rate -0.161 % change on previous year (2025)
- GDP (current US$), per capita 36,227 current US$ per person (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant lcu), annual growth in South Korea?
- Gross value added at basic prices (gva) (constant lcu), annual growth 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 lcu), annual growth 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 lcu), annual growth 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 lcu), annual growth?
- South Korea ranks 155th out of 195 countries with data for 2025.
- Is gross value added at basic prices (gva) (constant lcu), annual growth rising or falling in South Korea?
- Over the last ten years it is down 59.0%. 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 LCU), 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 LCU). 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 Offices (NSOs)
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 LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.