South Korea GDP Growth Rate 1961-2021

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
  • South Korea gdp growth rate for 2020 was -0.96%, a 3% decline from 2019.
  • South Korea gdp growth rate for 2019 was 2.04%, a 0.87% decline from 2018.
  • South Korea gdp growth rate for 2018 was 2.91%, a 0.25% decline from 2017.
  • South Korea gdp growth rate for 2017 was 3.16%, a 0.21% increase from 2016.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name GDP Growth (%)
Ireland 3.42%
Brunei 1.20%
New Zealand 0.98%
Australia -0.28%
Norway -0.76%
Lithuania -0.87%
South Korea -0.96%
Luxembourg -1.31%
Israel -2.44%
Poland -2.70%
Denmark -2.73%
Finland -2.77%
Sweden -2.82%
Switzerland -2.87%
Estonia -2.93%
United States -3.49%
Latvia -3.62%
Qatar -3.67%
Netherlands -3.74%
Puerto Rico -3.90%
Saudi Arabia -4.11%
Slovak Republic -4.75%
Germany -4.90%
Hungary -4.96%
Cyprus -5.10%
Singapore -5.39%
Canada -5.40%
Slovenia -5.53%
Czech Republic -5.60%
Chile -5.77%
Bahrain -5.81%
Uruguay -5.86%
Hong Kong -6.08%
Belgium -6.28%
Austria -6.59%
Iceland -6.65%
Malta -7.00%
Portugal -7.56%
Trinidad and Tobago -7.83%
France -8.11%
Greece -8.25%
Croatia -8.37%
Italy -8.87%
United Kingdom -9.79%
Argentina -9.91%
Seychelles -10.72%
St. Kitts and Nevis -10.74%
Spain -10.84%
Andorra -11.96%
Antigua and Barbuda -15.97%
Bahamas -16.28%
Barbados -17.61%
Panama -17.95%
Turks and Caicos Islands -26.80%
Macao -56.31%
South Korea GDP Growth Rate - Historical Data
Year GDP Growth (%) Annual Change
2020 -0.96% -3.00%
2019 2.04% -0.87%
2018 2.91% -0.25%
2017 3.16% 0.21%
2016 2.95% 0.14%
2015 2.81% -0.39%
2014 3.20% 0.04%
2013 3.16% 0.76%
2012 2.40% -1.28%
2011 3.69% -3.12%
2010 6.80% 6.01%
2009 0.79% -2.22%
2008 3.01% -2.79%
2007 5.80% 0.54%
2006 5.26% 0.96%
2005 4.31% -0.89%
2004 5.20% 2.05%
2003 3.15% -4.58%
2002 7.73% 2.87%
2001 4.85% -4.21%
2000 9.06% -2.41%
1999 11.47% 16.60%
1998 -5.13% -11.30%
1997 6.17% -1.72%
1996 7.89% -1.72%
1995 9.61% 0.35%
1994 9.27% 2.39%
1993 6.88% 0.68%
1992 6.20% -4.58%
1991 10.78% 0.90%
1990 9.88% 2.80%
1989 7.07% -4.91%
1988 11.99% -0.74%
1987 12.72% 1.40%
1986 11.33% 3.49%
1985 7.84% -2.71%
1984 10.55% -2.82%
1983 13.38% 5.04%
1982 8.34% 1.09%
1981 7.25% 8.89%
1980 -1.65% -10.32%
1979 8.67% -2.28%
1978 10.95% -1.38%
1977 12.34% -0.89%
1976 13.22% 5.38%
1975 7.84% -1.67%
1974 9.51% -5.39%
1973 14.90% 7.68%
1972 7.21% -3.33%
1971 10.55% 0.49%
1970 10.05% -4.51%
1969 14.56% 1.40%
1968 13.17% 4.09%
1967 9.08% -2.91%
1966 11.99% 4.68%
1965 7.32% -2.16%
1964 9.47% 0.45%
1963 9.02% 5.13%
1962 3.90% -3.04%
1961 6.94% -3.04%