South Korea: Economic growth, quarterly

* indicates monthly or quarterly data series
 South Korea

Economic growth, percent change in quarterly real GDP

 Latest value 1.3
 Reference Q4 2022
 Measure percent
 Source Bank of Korea

The latest data from Q4 2022 show economic growth of 1.3 percent, which is a decrease from the rate of growth of 3.1 percent in the previous quarter and a decrease compared to the growth rate of 4.2 percent in the same quarter last year. The economic growth time series for South Korea cover the period from Q1 1961 to Q4 2022. During that time span, the average growth rate for South Korea was 7.04 percent. The lowest rate of growth of -7.3 percent was recorded in Q2 1998 while the highest growth rate was 20.8 percent in Q4 1969. See more information about that indicator and compare to other countries on our Economic growth page.
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* indicates monthly or quarterly data series

Recent values

Economic outlook around the world

Longer historical series
Measure: percent
Source: Bank of Korea

Definition: The percent change in the Gross Domestic Product from the same quarter last year using constant prices.
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