South Korea: Labor force participation
* indicates monthly or quarterly data series
| South Korea |
Labor force participation rate |
|---|---|
| Latest value | 63.97 |
| Reference | 2022 |
| Measure | percent |
| Source | The World Bank |
For that indicator, we provide data for South Korea from 1990 to 2022. The average value for South Korea during that period was 62.09 percent with a minimum of 60.02 percent in 1990 and a maximum of 63.97 percent in 2022.
The latest value from 2022 is 63.97 percent. For comparison, the world average in 2022 based on 176
countries is 60.54 percent.
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* indicates monthly or quarterly data series
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The labor force participation rate is the percent of the population ages 15 and older that is economically active. That includes the employed and the unemployed individuals.
Definition: Labor force participation rate is the proportion of the population ages 15 and older that is economically active: all people who supply labor for the production of goods and services during a specified period.