South Korea: Economic decline index, 0 (low) - 10 (high)
For that indicator, we provide data for South Korea from 2007 to 2020. The average value for South Korea during that period was 2.03 index points with a minimum of 1.4 index points in 2007 and a maximum of 2.8 index points in 2010.
The latest value from 2020 is 1.7 index points. For comparison, the world average in 2020 based on 176
countries is 5.32 index points.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Definition: The Economic decline indicator considers factors related to economic decline within a country. For example, the indicator looks at patterns of progressive economic decline of the society as a whole as measured by per capita income, Gross National Product, unemployment rates, inflation, productivity, debt, poverty levels, or business failures. It also takes into account sudden drops in commodity prices, trade revenue, or foreign investment, and any collapse or devaluation of the national currency. The higher the value of the indicator, the greater the economic decline in the country.