South Korea GDP Growth Rate 1961-2020

NOTE: All 2020 and later data are UN projections and DO NOT include any impacts of the COVID-19 virus.
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 2018 was 2.67%, a 0.39% decline from 2017.
  • South Korea gdp growth rate for 2017 was 3.06%, a 0.13% increase from 2016.
  • South Korea gdp growth rate for 2016 was 2.93%, a 0.14% increase from 2015.
  • South Korea gdp growth rate for 2015 was 2.79%, a 0.55% decline from 2014.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name GDP Growth (%)
Ireland 8.17%
Antigua and Barbuda 7.39%
Malta 6.77%
Monaco 6.10%
Macao 5.44%
Turks and Caicos Islands 5.28%
Poland 5.15%
Hungary 5.09%
Estonia 4.76%
Latvia 4.62%
Iceland 4.61%
Slovenia 4.12%
Cyprus 4.06%
Slovak Republic 4.03%
Chile 4.02%
Panama 3.68%
Lithuania 3.64%
Seychelles 3.63%
Israel 3.45%
Greenland 3.22%
Singapore 3.14%
Luxembourg 3.11%
Hong Kong 3.00%
Czech Republic 2.96%
Australia 2.94%
United States 2.93%
St. Kitts and Nevis 2.92%
New Zealand 2.77%
Switzerland 2.75%
South Korea 2.67%
Croatia 2.63%
Netherlands 2.60%
Portugal 2.44%
Saudi Arabia 2.43%
Austria 2.42%
Denmark 2.39%
Spain 2.35%
Sweden 2.23%
Greece 1.93%
Canada 1.90%
Bahrain 1.78%
Oman 1.76%
UAE 1.73%
France 1.72%
Palau 1.71%
Finland 1.67%
Andorra 1.63%
Uruguay 1.62%
Bahamas 1.57%
Germany 1.53%
Qatar 1.49%
Belgium 1.46%
United Kingdom 1.39%
Norway 1.29%
Kuwait 1.25%
Japan 0.79%
Italy 0.77%
Brunei 0.05%
Trinidad and Tobago -0.25%
Guam -0.27%
Barbados -0.50%
Curacao -2.17%
Argentina -2.48%
Puerto Rico -4.91%
Northern Mariana Islands -19.61%
South Korea GDP Growth Rate - Historical Data
Year GDP Growth (%) Annual Change
2018 2.67% -0.39%
2017 3.06% 0.13%
2016 2.93% 0.14%
2015 2.79% -0.55%
2014 3.34% 0.45%
2013 2.90% 0.60%
2012 2.29% -1.39%
2011 3.68% -2.82%
2010 6.50% 5.79%
2009 0.71% -2.12%
2008 2.83% -2.63%
2007 5.46% 0.29%
2006 5.18% 1.25%
2005 3.92% -0.98%
2004 4.90% 1.97%
2003 2.93% -4.50%
2002 7.43% 2.91%
2001 4.53% -4.40%
2000 8.92% -2.38%
1999 11.31% 16.78%
1998 -5.47% -11.39%
1997 5.92% -1.67%
1996 7.59% -1.98%
1995 9.57% 0.36%
1994 9.21% 2.36%
1993 6.85% 0.67%
1992 6.18% -4.18%
1991 10.35% 0.54%
1990 9.81% 2.78%
1989 7.03% -4.88%
1988 11.90% -0.56%
1987 12.47% 1.24%
1986 11.22% 3.47%
1985 7.75% -2.69%
1984 10.44% -2.80%
1983 13.24% 4.98%
1982 8.27% 1.08%
1981 7.18% 8.88%
1980 -1.70% -10.33%
1979 8.63% -2.15%
1978 10.77% -1.50%
1977 12.28% -0.84%
1976 13.12% 5.25%
1975 7.86% -1.60%
1974 9.46% -5.37%
1973 14.83% 7.68%
1972 7.15% -3.30%
1971 10.45% 0.46%
1970 10.00% -4.54%
1969 14.54% 1.35%
1968 13.19% 4.07%
1967 9.12% -2.87%
1966 11.98% 4.80%
1965 7.18% -2.28%
1964 9.46% 0.27%
1963 9.19% 5.35%
1962 3.84% -3.04%
1961 6.88% -3.04%