South Korea: GDP growth 1954-2029

The statistic shows the growth of the real gross domestic product (GDP) in South Korea from 1954 to 2023, with projections up until 2029. 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 2023, the real GDP in South Korea grew by about 1.36 percent compared to the previous year.

South Korea: Growth of real gross domestic product (GDP) from 1954 to 2023, with projections until 2029 (compared to the previous year)

Characteristic	GDP growth compared to previous year
2029*	2.03%
2028*	2.08%
2027*	2.13%
2026*	2.21%
2025*	2.34%
2024*	2.32%
2023	1.36%
2022	2.61%
2021	4.31%
2020	-0.71%
2019	2.24%
2018	2.91%
2017	3.16%
2016	2.95%
2015	2.81%
2014	3.2%
2013	3.17%
2012	2.4%
2011	3.69%
2010	6.81%
2009	0.79%
2008	3.01%
2007	5.8%
2006	5.26%
2005	4.31%
2004	5.2%
2003	3.15%
2002	7.73%
2001	4.85%
2000	9.06%
1999	11.47%
1998	-5.13%
1997	6.17%
1996	7.89%
1995	9.62%
1994	9.27%
1993	6.88%
1992	6.2%
1991	10.78%
1990	9.88%
1989	7.07%
1988	11.99%
1987	12.72%
1986	11.33%
1985	7.84%
1984	10.55%
1983	13.38%
1982	8.34%
1981	7.25%
1980	-1.65%
1979	8.7%
1978	11%
1977	12.3%
1976	13.2%
1975	7.8%
1974	9.5%
1973	14.9%
1972	7.2%
1971	10.5%
1970	10.1%
1969	14.6%
1968	13.2%
1967	9.1%
1966	12%
1965	7.3%
1964	9.5%
1963	9%
1962	3.9%
1961	6.9%
1960	2.3%
1959	5.6%
1958	6.6%
1957	9.4%
1956	0.6%
1955	5.6%
1954	7.5%

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Release date

April 2024

More information

Region

South Korea

Survey time period

2019 to 2023

Supplementary notes

* Estimate.

This statistic is compiled from two different sources. Figures for years 1954-1979 come from the Bank of Korea, while figures for years 1980-2028 come from the International Monetary Fund.

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