GDP (constant LCU), annual growth rate in South Korea
South Korea: GDP (constant LCU), annual growth rate was 2 % change on previous year in 2024. ◆ Volatile
GDP (constant LCU), annual growth rate in South Korea, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp (constant lcu), annual growth rate in South Korea is 2 % change on previous year, measured in 2024.
The figure is up 26.6% on the previous year and down 37.7% over ten years.
Over the whole period, gdp (constant lcu), annual growth rate in South Korea peaked at 14.97 % change on previous year in 1973 and was at its lowest, -4.94 % change on previous year, in 1998.
South Korea ranks 146th 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.
GDP (constant LCU), annual growth rate in South Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 10.65 % change on previous year | — |
| 1972 | 7.34 % change on previous year | -31.1% |
| 1973 | 14.97 % change on previous year | +104.1% |
| 1974 | 9.65 % change on previous year | -35.6% |
| 1975 | 7.93 % change on previous year | -17.8% |
| 1976 | 13.26 % change on previous year | +67.2% |
| 1977 | 12.38 % change on previous year | -6.7% |
| 1978 | 11.07 % change on previous year | -10.6% |
| 1979 | 8.74 % change on previous year | -21.1% |
| 1980 | -1.52 % change on previous year | -117.4% |
| 1981 | 7.4 % change on previous year | -585.7% |
| 1982 | 8.47 % change on previous year | +14.4% |
| 1983 | 13.47 % change on previous year | +59.0% |
| 1984 | 10.64 % change on previous year | -21.0% |
| 1985 | 7.94 % change on previous year | -25.4% |
| 1986 | 11.5 % change on previous year | +44.9% |
| 1987 | 12.89 % change on previous year | +12.1% |
| 1988 | 12.13 % change on previous year | -5.9% |
| 1989 | 7.17 % change on previous year | -40.9% |
| 1990 | 10.02 % change on previous year | +39.9% |
| 1991 | 10.88 % change on previous year | +8.5% |
| 1992 | 6.35 % change on previous year | -41.6% |
| 1993 | 6.99 % change on previous year | +10.1% |
| 1994 | 9.37 % change on previous year | +34.0% |
| 1995 | 9.74 % change on previous year | +3.9% |
| 1996 | 7.99 % change on previous year | -17.9% |
| 1997 | 6.28 % change on previous year | -21.4% |
| 1998 | -4.94 % change on previous year | -178.6% |
| 1999 | 11.62 % change on previous year | -335.2% |
| 2000 | 9.2 % change on previous year | -20.8% |
| 2001 | 4.73 % change on previous year | -48.6% |
| 2002 | 7.74 % change on previous year | +63.9% |
| 2003 | 3.07 % change on previous year | -60.3% |
| 2004 | 5.18 % change on previous year | +68.6% |
| 2005 | 4.36 % change on previous year | -15.9% |
| 2006 | 5.25 % change on previous year | +20.4% |
| 2007 | 5.84 % change on previous year | +11.4% |
| 2008 | 3 % change on previous year | -48.6% |
| 2009 | 0.8199 % change on previous year | -72.7% |
| 2010 | 6.98 % change on previous year | +751.5% |
| 2011 | 3.69 % change on previous year | -47.2% |
| 2012 | 2.55 % change on previous year | -30.9% |
| 2013 | 3.29 % change on previous year | +29.2% |
| 2014 | 3.21 % change on previous year | -2.3% |
| 2015 | 2.92 % change on previous year | -9.1% |
| 2016 | 3.17 % change on previous year | +8.6% |
| 2017 | 3.43 % change on previous year | +8.3% |
| 2018 | 3.18 % change on previous year | -7.5% |
| 2019 | 2.31 % change on previous year | -27.1% |
| 2020 | -0.7 % change on previous year | -130.3% |
| 2021 | 4.61 % change on previous year | -759.0% |
| 2022 | 2.73 % change on previous year | -40.9% |
| 2023 | 1.58 % change on previous year | -42.0% |
| 2024 | 2 % change on previous year | +26.6% |
South Korea compared with similar countries
- South Korea's 2 % change on previous year is below the median for high income countries, which is 2.27 % change on previous year, 88% of the median. (83 countries reporting)
- South Korea's 2 % change on previous year is below the median for East Asia & Pacific, which is 3.84 % change on previous year, 52% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where GDP (constant LCU), annual growth rate in South Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2021 | +759.0% | -0.7 % change on previous year | 4.61 % change on previous year |
| 2010 | +751.5% | 0.8199 % change on previous year | 6.98 % change on previous year |
| 1981 | +585.7% | -1.52 % change on previous year | 7.4 % change on previous year |
| 1999 | +335.2% | -4.94 % change on previous year | 11.62 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.67 % change on previous year | 7.34 % change on previous year | 14.97 % change on previous year | 9 |
| 1980s | 9.01 % change on previous year | -1.52 % change on previous year | 13.47 % change on previous year | 10 |
| 1990s | 7.43 % change on previous year | -4.94 % change on previous year | 11.62 % change on previous year | 10 |
| 2000s | 4.92 % change on previous year | 0.8199 % change on previous year | 9.2 % change on previous year | 10 |
| 2010s | 3.47 % change on previous year | 2.31 % change on previous year | 6.98 % change on previous year | 10 |
| 2020s | 2.05 % change on previous year | -0.7 % change on previous year | 4.61 % change on previous year | 5 |
Countries ranked near South Korea
- 143 Slovakia 2.06 % change on previous year compare
- 144 Dominica 2.05 % change on previous year compare
- 145 Zimbabwe 2.03 % change on previous year compare
- 147 Portugal 1.93 % change on previous year compare
- 148 Palau 1.88 % change on previous year compare
- 149 Mozambique 1.85 % change on previous year compare
More population data for South Korea
- Population regions with projections, annual growth rate -1.44 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -2.17 % change on previous year (2050)
- Population long run with projections, annual growth rate -1.44 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -1.17 % change on previous year (2100)
- Projected population under age 5, annual growth rate -0.3601 % change on previous year (2100)
- World population growth -1.4% (2100)
- Population density 223.86 people per km² (2100)
- Number of children under 5, by world region 599,530 people (2100)
- Population growth rate, by level of development -1.4% (2100)
- Number of people living in urban and rural areas, annual growth rate -0.0908 % change on previous year (2025)
Frequently asked questions
- What is gdp (constant lcu), annual growth rate in South Korea?
- Gdp (constant lcu), annual growth rate in South Korea was 2 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (constant lcu), annual growth rate recorded in South Korea?
- The highest recorded value was 14.97 % change on previous year in 1973.
- What is the lowest gdp (constant lcu), annual growth rate recorded in South Korea?
- The lowest recorded value was -4.94 % change on previous year in 1998.
- How does South Korea rank for gdp (constant lcu), annual growth rate?
- South Korea ranks 146th out of 212 countries with data for 2024.
- Is gdp (constant lcu), annual growth rate rising or falling in South Korea?
- Over the last ten years it is down 37.7%. 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 GDP (constant LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
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 GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.