Gross value added at basic prices (GVA) (current US$), annual growth in Republic of Korea
Republic of Korea: Gross value added at basic prices (GVA) (current US$), annual growth was 0.0121 % change on previous year in 2025. ◆ Volatile
Latest (2025)
0.0121 % change on previous year
Change on year
down 99.3%
World rank
186th
of 205 countries
All-time high
44.14 % change on previous year
in 1963
All-time low
-38.15 % change on previous year
in 1961
Years of data
65
1961–2025
Gross value added at basic prices (GVA) (current US$), annual growth in Republic of Korea, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, gross value added at basic prices (gva) (current us$), annual growth in Republic of Korea stood at 0.0121 % change on previous year.
Compared with earlier readings it is down 99.3% on the previous year and up 101.1% over ten years.
Over the whole period, gross value added at basic prices (gva) (current us$), annual growth in Republic of Korea peaked at 44.14 % change on previous year in 1963 and was at its lowest, -38.15 % change on previous year, in 1961.
That places Republic of Korea 186th out of 205 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$), annual growth in Republic of Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | -38.15 % change on previous year | — |
| 1962 | 14.99 % change on previous year | -139.3% |
| 1963 | 44.14 % change on previous year | +194.5% |
| 1964 | -12.07 % change on previous year | -127.3% |
| 1965 | -10.69 % change on previous year | -11.4% |
| 1966 | 24.6 % change on previous year | -330.0% |
| 1967 | 22.64 % change on previous year | -8.0% |
| 1968 | 24.28 % change on previous year | +7.3% |
| 1969 | 25.34 % change on previous year | +4.4% |
| 1970 | 17.21 % change on previous year | -32.1% |
| 1971 | 10.58 % change on previous year | -38.6% |
| 1972 | 11.2 % change on previous year | +5.9% |
| 1973 | 27.92 % change on previous year | +149.2% |
| 1974 | 39.71 % change on previous year | +42.3% |
| 1975 | 10.34 % change on previous year | -74.0% |
| 1976 | 35.96 % change on previous year | +247.8% |
| 1977 | 28.23 % change on previous year | -21.5% |
| 1978 | 34.62 % change on previous year | +22.6% |
| 1979 | 29.06 % change on previous year | -16.0% |
| 1980 | -2.36 % change on previous year | -108.1% |
| 1981 | 11.82 % change on previous year | -600.7% |
| 1982 | 7.58 % change on previous year | -35.9% |
| 1983 | 11.33 % change on previous year | +49.4% |
| 1984 | 12.31 % change on previous year | +8.7% |
| 1985 | 4.57 % change on previous year | -62.8% |
| 1986 | 15.89 % change on previous year | +247.4% |
| 1987 | 27.16 % change on previous year | +70.9% |
| 1988 | 35.41 % change on previous year | +30.4% |
| 1989 | 24.32 % change on previous year | -31.3% |
| 1990 | 14.15 % change on previous year | -41.8% |
| 1991 | 17.59 % change on previous year | +24.3% |
| 1992 | 7.52 % change on previous year | -57.2% |
| 1993 | 10.88 % change on previous year | +44.7% |
| 1994 | 17.87 % change on previous year | +64.3% |
| 1995 | 22.4 % change on previous year | +25.3% |
| 1996 | 7.21 % change on previous year | -67.8% |
| 1997 | -6.71 % change on previous year | -193.1% |
| 1998 | -31.77 % change on previous year | +373.2% |
| 1999 | 28.22 % change on previous year | -188.8% |
| 2000 | 15.45 % change on previous year | -45.2% |
| 2001 | -5.38 % change on previous year | -134.8% |
| 2002 | 14.23 % change on previous year | -364.5% |
| 2003 | 12.47 % change on previous year | -12.4% |
| 2004 | 14.03 % change on previous year | +12.6% |
| 2005 | 17.88 % change on previous year | +27.4% |
| 2006 | 12.78 % change on previous year | -28.5% |
| 2007 | 11.62 % change on previous year | -9.1% |
| 2008 | -10.56 % change on previous year | -190.9% |
| 2009 | -9.66 % change on previous year | -8.6% |
| 2010 | 21.12 % change on previous year | -318.6% |
| 2011 | 9.98 % change on previous year | -52.7% |
| 2012 | 2.27 % change on previous year | -77.3% |
| 2013 | 7.87 % change on previous year | +246.9% |
| 2014 | 8.53 % change on previous year | +8.4% |
| 2015 | -1.15 % change on previous year | -113.5% |
| 2016 | 2.39 % change on previous year | -308.7% |
| 2017 | 8.26 % change on previous year | +245.2% |
| 2018 | 6.73 % change on previous year | -18.6% |
| 2019 | -3.88 % change on previous year | -157.6% |
| 2020 | -0.6542 % change on previous year | -83.1% |
| 2021 | 11.2 % change on previous year | -1812.2% |
| 2022 | -7.04 % change on previous year | -162.9% |
| 2023 | 3.44 % change on previous year | -148.9% |
| 2024 | 1.66 % change on previous year | -51.7% |
| 2025 | 0.0121 % change on previous year | -99.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.56 % change on previous year | -38.15 % change on previous year | 44.14 % change on previous year | 9 |
| 1970s | 24.48 % change on previous year | 10.34 % change on previous year | 39.71 % change on previous year | 10 |
| 1980s | 14.8 % change on previous year | -2.36 % change on previous year | 35.41 % change on previous year | 10 |
| 1990s | 8.73 % change on previous year | -31.77 % change on previous year | 28.22 % change on previous year | 10 |
| 2000s | 7.29 % change on previous year | -10.56 % change on previous year | 17.88 % change on previous year | 10 |
| 2010s | 6.21 % change on previous year | -3.88 % change on previous year | 21.12 % change on previous year | 10 |
| 2020s | 1.44 % change on previous year | -7.04 % change on previous year | 11.2 % change on previous year | 6 |
Countries ranked near Republic of Korea
- 183 Saint Lucia 1.54 % change on previous year compare
- 184 Trinidad and Tobago 1.24 % change on previous year compare
- 185 Papua New Guinea 0.2146 % change on previous year compare
- 187 Mexico -0.0526 % change on previous year compare
- 188 Mozambique -0.152 % change on previous year compare
- 189 Qatar -0.3802 % change on previous year compare
More economy & growth data for Republic of Korea
- Services, value added (constant LCU), per capita 26.07 million constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 3.13 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9302 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 33,699 current US$ per person (2025)
- 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)
Frequently asked questions
- What is gross value added at basic prices (gva) (current us$), annual growth in Republic of Korea?
- Gross value added at basic prices (gva) (current us$), annual growth in Republic of Korea was 0.0121 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current us$), annual growth recorded in Republic of Korea?
- The highest recorded value was 44.14 % change on previous year in 1963.
- What is the lowest gross value added at basic prices (gva) (current us$), annual growth recorded in Republic of Korea?
- The lowest recorded value was -38.15 % change on previous year in 1961.
- How does Republic of Korea rank for gross value added at basic prices (gva) (current us$), annual growth?
- Republic of Korea ranks 186th out of 205 countries with data for 2025.
- Is gross value added at basic prices (gva) (current us$), annual growth rising or falling in Republic of Korea?
- Over the last ten years it is up 101.1%. 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 value added at basic prices (GVA) (current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). 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 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) (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.