Inflation, GDP deflator in Republic of Korea
Republic of Korea: Inflation, GDP deflator was 3.1% in 2025. ◆ Volatile
Inflation, GDP deflator in Republic of Korea, 1961–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
In 2025, inflation, gdp deflator in Republic of Korea stood at 3.1%.
That represents a change of down 23.1% on the previous year and down 3.2% over ten years.
Over the whole period, inflation, gdp deflator in Republic of Korea peaked at 30.7% in 1974 and was at its lowest, -1.4%, in 1999.
Republic of Korea ranks 114th of 212 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator in Republic of Korea, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 13.0% | — |
| 1962 | 16.7% | +29.3% |
| 1963 | 30.1% | +79.4% |
| 1964 | 30.4% | +1.2% |
| 1965 | 4.9% | -84.0% |
| 1966 | 14.6% | +198.4% |
| 1967 | 13.0% | -10.7% |
| 1968 | 13.8% | +6.2% |
| 1969 | 14.1% | +2.5% |
| 1970 | 14.8% | +4.4% |
| 1971 | 11.3% | -23.8% |
| 1972 | 15.8% | +40.6% |
| 1973 | 12.9% | -18.7% |
| 1974 | 30.7% | +139.0% |
| 1975 | 23.5% | -23.5% |
| 1976 | 21.2% | -9.9% |
| 1977 | 14.5% | -31.8% |
| 1978 | 21.7% | +50.4% |
| 1979 | 18.5% | -14.8% |
| 1980 | 24.6% | +32.6% |
| 1981 | 16.5% | -32.7% |
| 1982 | 6.5% | -60.8% |
| 1983 | 4.9% | -24.9% |
| 1984 | 4.5% | -7.1% |
| 1985 | 4.0% | -10.8% |
| 1986 | 5.0% | +25.2% |
| 1987 | 4.9% | -2.9% |
| 1988 | 7.0% | +43.5% |
| 1989 | 6.0% | -14.9% |
| 1990 | 10.1% | +68.1% |
| 1991 | 9.1% | -9.9% |
| 1992 | 7.7% | -14.5% |
| 1993 | 6.3% | -19.2% |
| 1994 | 8.1% | +29.4% |
| 1995 | 7.0% | -13.1% |
| 1996 | 4.0% | -43.4% |
| 1997 | 3.9% | -3.1% |
| 1998 | 4.5% | +16.5% |
| 1999 | -1.4% | -130.1% |
| 2000 | 0.9% | -169.1% |
| 2001 | 3.5% | +279.3% |
| 2002 | 3.0% | -15.0% |
| 2003 | 3.6% | +18.4% |
| 2004 | 3.3% | -8.5% |
| 2005 | 1.1% | -65.1% |
| 2006 | -0.2% | -114.3% |
| 2007 | 2.5% | -1638.6% |
| 2008 | 2.9% | +17.0% |
| 2009 | 3.5% | +19.1% |
| 2010 | 2.7% | -22.4% |
| 2011 | 1.3% | -53.1% |
| 2012 | 1.3% | +1.3% |
| 2013 | 1.1% | -16.6% |
| 2014 | 1.1% | -2.4% |
| 2015 | 3.2% | +207.1% |
| 2016 | 2.1% | -36.1% |
| 2017 | 2.0% | -2.1% |
| 2018 | 0.6% | -71.9% |
| 2019 | -0.6% | -210.2% |
| 2020 | 1.6% | -354.3% |
| 2021 | 3.2% | +100.4% |
| 2022 | 1.8% | -43.2% |
| 2023 | 2.0% | +12.8% |
| 2024 | 4.1% | +99.5% |
| 2025 | 3.1% | -23.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 16.7% | 4.9% | 30.4% | 9 |
| 1970s | 18.5% | 11.3% | 30.7% | 10 |
| 1980s | 8.4% | 4.0% | 24.6% | 10 |
| 1990s | 5.9% | -1.4% | 10.1% | 10 |
| 2000s | 2.4% | -0.2% | 3.6% | 10 |
| 2010s | 1.5% | -0.6% | 3.2% | 10 |
| 2020s | 2.6% | 1.6% | 4.1% | 6 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Gross domestic savings (current US$), annual growth rate 0.7232 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.3433 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 12,437 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 5.09 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 488.33 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 17.69 million current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 2.94 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.05 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 37,884 current US$ per person (2025)
- GNI (current US$), annual growth rate 0.1093 % change on previous year (2025)
Frequently asked questions
- What is inflation, gdp deflator in Republic of Korea?
- Inflation, gdp deflator in Republic of Korea was 3.1% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Republic of Korea?
- The highest recorded value was 30.7% in 1974.
- What is the lowest inflation, gdp deflator recorded in Republic of Korea?
- The lowest recorded value was -1.4% in 1999.
- How does Republic of Korea rank for inflation, gdp deflator?
- Republic of Korea ranks 114th out of 212 countries with data for 2025.
- Is inflation, gdp deflator rising or falling in Republic of Korea?
- Over the last ten years it is down 3.2%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.