South Korea: Economic growth Q-on-Q
* indicates monthly or quarterly data series
The most recent value is 0.1 percent as of Q3 2024, an increase compared to the previous value of -0.2 percent. Historically, the average for South Korea from Q2 1960 to Q3 2024 is 1.67 percent. The minimum of -7 percent was recorded in Q1 1998, while the maximum of 7.8 percent was reached in Q4 1970.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Bank of Korea
| Recent values | South Korea: Economic growth, quarterly |
|---|---|
| 2024 Q3 | 0.1 |
| 2024 Q2 | -0.2 |
| 2024 Q1 | 1.3 |
| 2023 Q4 | 0.5 |
| 2023 Q3 | 0.8 |
| 2023 Q2 | 0.6 |
| 2023 Q1 | 0.4 |
| 2022 Q4 | -0.5 |
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Definition: The percent change in the Gross Domestic Product from the previous quarter using constant prices. Data are seasonally adjusted.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Economic growth | 1.36 | 2023 | percent |
| GDP, constant dollars | 1,764.5 | 2023 | billion U.S. dollars |
| GDP, current U.S. dollars | 1,712.79 | 2023 | billion U.S. dollars |
| GDP per capita, current dollars | 33,121.37 | 2023 | U.S. dollars |
| GDP per capita, PPP | 50,572 | 2023 | U.S. dollars |
| GDP per capita, constant dollars | 34,121.02 | 2023 | U.S. dollars |
| Productivity, relative to the U.S. | 54.75 | 2022 | index points |
| Productivity, current USD | 53.3 | 2023 | USD per hour worked |
| Economic growth, quarterly | 1.50 | Q3/2024 | percent |
| Economic growth Q-on-Q | 0.10 | Q3/2024 | percent |
| Gross Domestic Product (GDP) | 641,917.70 | Q3/2024 | billion |