Rice — Producer Price in Republic of Korea
Republic of Korea: Rice — Producer Price was 1,709 USD in 2024. ▲ Rising
Rice — Producer Price in Republic of Korea, 1991–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
The most recent figure for rice — producer price in Republic of Korea is 1,709 USD, measured in 2024.
That represents a change of down 5.5% on the previous year and down 2.2% over ten years.
Over the whole period, rice — producer price in Republic of Korea peaked at 2,399 USD in 2021 and was at its lowest, 1,144 USD, in 1992.
Republic of Korea ranks 4th of 81 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 30 years of available data.
Rice — Producer Price in Republic of Korea, year by year
| Year | USD | Change |
|---|---|---|
| 1991 | 1,158 USD | — |
| 1992 | 1,144 USD | -1.1% |
| 1993 | 1,159 USD | +1.3% |
| 1994 | 1,191 USD | +2.8% |
| 1995 | 1,390 USD | +16.7% |
| 1996 | 2,085 USD | +50.0% |
| 1997 | 1,858 USD | -10.9% |
| 1998 | 1,351 USD | -27.3% |
| 1999 | 1,686 USD | +24.8% |
| 2000 | 1,834 USD | +8.8% |
| 2001 | 1,561 USD | -14.8% |
| 2002 | 1,593 USD | +2.0% |
| 2003 | 1,714 USD | +7.6% |
| 2004 | 1,796 USD | +4.8% |
| 2005 | 1,837 USD | +2.3% |
| 2006 | 1,814 USD | -1.3% |
| 2007 | 1,980 USD | +9.2% |
| 2008 | 1,720 USD | -13.1% |
| 2009 | 1,564 USD | -9.1% |
| 2010 | 1,633 USD | +4.4% |
| 2015 | 1,748 USD | +7.0% |
| 2016 | 1,505 USD | -13.9% |
| 2017 | 1,492 USD | -0.9% |
| 2018 | 2,010 USD | +34.7% |
| 2019 | 2,045 USD | +1.7% |
| 2020 | 2,087 USD | +2.1% |
| 2021 | 2,399 USD | +14.9% |
| 2022 | 1,804 USD | -24.8% |
| 2023 | 1,808 USD | +0.2% |
| 2024 | 1,709 USD | -5.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,447 USD | 1,144 USD | 2,085 USD | 9 |
| 2000s | 1,741 USD | 1,561 USD | 1,980 USD | 10 |
| 2010s | 1,739 USD | 1,492 USD | 2,045 USD | 6 |
| 2020s | 1,961 USD | 1,709 USD | 2,399 USD | 5 |
Countries ranked near Republic of Korea
- 1 Bhutan 1,928 USD compare
- 1 Côte d'Ivoire 354.6 USD compare
- 1 Timor-Leste 1,457 USD compare
- 2 Azerbaijan 1,894 USD compare
- 2 Venezuela (Bolivarian Republic of) 795.6 USD compare
- 3 Kyrgyzstan 1,816 USD compare
- 3 Türkiye 752.6 USD compare
- 4 Iran (Islamic Republic of) 742.3 USD compare
- 5 Bolivia (Plurinational State of) 500.7 USD compare
- 5 Japan 1,694 USD compare
- 6 Turkmenistan 1,547 USD compare
- 6 Viet Nam 356 USD compare
- 7 Lao People's Democratic Republic 317.6 USD compare
- 7 Zambia 1,361 USD compare
More economy & growth data for Republic of Korea
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.5 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local 4 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 6.06 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 32.07 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 32.07 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 571,534 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 646.38 million million SLC (2024)
Frequently asked questions
- What is rice — producer price in Republic of Korea?
- Rice — producer price in Republic of Korea was 1,709 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest rice — producer price recorded in Republic of Korea?
- The highest recorded value was 2,399 USD in 2021.
- What is the lowest rice — producer price recorded in Republic of Korea?
- The lowest recorded value was 1,144 USD in 1992.
- How does Republic of Korea rank for rice — producer price?
- Republic of Korea ranks 4th out of 81 countries with data for 2024.
- Is rice — producer price rising or falling in Republic of Korea?
- Over the last ten years it is down 2.2%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Rice — Producer Price (USD/tonne). Statizoid updates them automatically from the source API.
Download this data
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About this data
This sub-domain contains data on agriculture producer prices and the producer price index. Agriculture producer prices are prices received by farmers for primary crops, live animals and livestock primary products as collected at the point of initial sale (prices paid at the farm gate). Annual data are provided from 1991 (while mothly data start in January 2010) for 180 countries and 212 products. The producer price index is the index of agricultural producer prices that measures the average annual change over time in the selling prices received by farmers (prices at the farm gate or at the first point of sale). The three categories of producer price index available in FAOSTAT comprise: single-item price index, commodity group index and the agriculture producer price index.