The Gross Domestic Product (GDP) in South Korea expanded 0.70 percent in the second quarter of 2025 over the previous quarter. This dataset provides - South Korea GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The statistic shows the growth of the real gross domestic product (GDP) in South Korea from 1954 to 2024, with projections up until 2030. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a change in it is a sign of economic growth. In 2024, the real GDP in South Korea grew by about 2.03 percent compared to the previous year.

The Gross Domestic Product (GDP) in South Korea expanded 0.60 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset provides - South Korea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about South Korea Real GDP Growth

• The Gross Domestic Product (GDP) in South Korea expanded 1.3 % YoY in Dec 2022, following a growth of 3.1 % in the previous quarter.
• Real GDP Growth YoY data in South Korea is updated quarterly, available from Mar 1961 to Dec 2022, with an average rate of 7.1 %.
• The data reached an all-time high of 19.9 % in Dec 1969 and a record low of -7.3 % in Jun 1998.

• In the latest reports, Nominal GDP of South Korea reached 396.4 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 0.4 % in Dec 2022.
• GDP Per Capita in South Korea reached 32,236.8 USD in Dec 2022.
• Its Gross Savings Rate was measured at 34.0 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 34.9 % in Dec 2022.
• Public Consumption accounted for 18.4 % in Dec 2022.
• Private Consumption accounted for 49.0 % in Dec 2022.

Key information about South Korea Nominal GDP Growth

• South Korea Nominal GDP Growth was reported at 5.415 % in Dec 2024.
• This records an increase from the previous number of 4.972 % for Sep 2024.
• South Korea Nominal GDP Growth data is updated quarterly, averaging 14.321 % from Mar 1961 to Dec 2024, with 256 observations.
• The data reached an all-time high of 49.069 % in Sep 1963 and a record low of -5.040 % in Dec 1998.
• South Korea Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

As of May 2024, real gross domestic product (GDP) growth in South Korea was forecasted at *** percent for 2024 and *** percent for 2025. The coronavirus (COVID-19) adversely affected the South Korean economy, which, however, quickly recovered as early as 2021.

The latest data from show economic growth of 0.6 percent, which is an increase from the rate of growth of 0 percent in the previous quarter and
a decrease compared to the growth rate of 2.2 percent in the same quarter last year. The economic growth time series for South Korea cover the period...

South Korea GDP: Growth: Volume data was reported at 2.086 % in Dec 2026. This records a decrease from the previous number of 2.087 % for Sep 2026. South Korea GDP: Growth: Volume data is updated quarterly, averaging 5.940 % from Jun 1960 (Median) to Dec 2026, with 267 observations. The data reached an all-time high of 36.359 % in Sep 1969 and a record low of -24.608 % in Mar 1998. South Korea GDP: Growth: Volume data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. GDPV_ANNPCT - Gross domestic product, volume, growth Expenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

The Gross Domestic Product (GDP) in South Korea was worth 1712.79 billion US dollars in 2023, according to official data from the World Bank. The GDP value of South Korea represents 1.62 percent of the world economy. This dataset provides - South Korea GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Real Gross Domestic Product for Republic of Korea (NGDPRSAXDCKRQ) from Q1 1960 to Q2 2025 about Korea, real, and GDP.

Full Year GDP Growth in South Korea increased to 2 percent in 2024 from 1.36 percent in 2023. This dataset includes a chart with historical data for South Korea Full Year Gdp Growth.

In 2023, South Korea's gross domestic product (GDP) grew by about *** percent compared to the previous year. North Korea's GDP growth rate stood at about *** percent that year, achieving positive growth for the first time after experiencing a period of negative growth during the COVID-19 pandemic.

KR: GDP: Growth: Double Hit Scenario data was reported at 2.249 % in Dec 2021. This records an increase from the previous number of 2.241 % for Sep 2021. KR: GDP: Growth: Double Hit Scenario data is updated quarterly, averaging 13.049 % from Mar 1961 (Median) to Dec 2021, with 244 observations. The data reached an all-time high of 106.305 % in Mar 1974 and a record low of -19.789 % in Mar 1965. KR: GDP: Growth: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. GDP_ANNPCT - Gross domestic product, nominal value, growthExpenditure approach. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Graph and download economic data for Nominal Gross Domestic Product for Republic of Korea (NGDPSAXDCKRQ) from Q1 1960 to Q1 2025 about Korea and GDP.

In the fourth quarter of 2024, South Korea's real gross domestic product (GDP) increased by 1.2 percent year-on-year. South Korea's economy recorded negative growth following the outbreak of the COVID-19 pandemic but recovered quickly thereafter.

KR: GDP: Growth: Volume: Imports of Goods and Services: Single Hit Scenario data was reported at 2.422 % in Dec 2021. This stayed constant from the previous number of 2.422 % for Sep 2021. KR: GDP: Growth: Volume: Imports of Goods and Services: Single Hit Scenario data is updated quarterly, averaging 10.455 % from Mar 1961 (Median) to Dec 2021, with 244 observations. The data reached an all-time high of 591.696 % in Sep 1967 and a record low of -72.750 % in Sep 1961. KR: GDP: Growth: Volume: Imports of Goods and Services: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: GDP: Growth and Contribution to Growth: Forecast: OECD Member: Quarterly. MGSV_ANNPCT - Imports of goods and services, volume, growth (national accounts basis). Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

Economic growth, quarterly in South Korea, June, 2025 The most recent value is 0.7 percent as of Q2 2025, an increase compared to the previous value of -0.2 percent. Historically, the average for South Korea from Q2 1960 to Q2 2025 is 1.65 percent. The minimum of -7 percent was recorded in Q1 1998, while the maximum of 7.8 percent was reached in Q4 1970. | TheGlobalEconomy.com

The gross domestic product (GDP) per capita in South Korea was forecast to continuously increase between 2024 and 2030 by in total 5,762.76 U.S. dollars (+15.95 percent). After the seventh consecutive increasing year, the GDP per capita is estimated to reach 41,891.75 U.S. dollars and therefore a new peak in 2030. This indicator describes the gross domestic product per capita at current prices. Thereby the gross domestic product was first converted from national currency to U.S. dollars at current exchange prices and then divided by the total population. The gross domestic products is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).Find more key insights for the gross domestic product (GDP) per capita in countries like Mongolia, Japan, and Taiwan.

Graph and download economic data for Gross Domestic Product for Republic of Korea (MKTGDPKRA646NWDB) from 1960 to 2023 about Korea and GDP.

The latest data from show economic growth of 0.6 pour cent, which is an increase from the rate of growth of 0 pour cent in the previous quarter and
a decrease compared to the growth rate of 2.2 pour cent in the same quarter last year. The economic growth time series for Corée, République de...