South Korea: Economic growth, quarterly

* indicates monthly or quarterly data series
 South Korea

Economic growth, percent change in quarterly real GDP

 Latest value 3.4
 Reference Q1 2024
 Measure percent
 Data availability Q1 1961 - Q1 2024
 Average 6.94
 Min - Max -7.3 - 20.8
 Source Bank of Korea
The latest data from Q1 2024 show economic growth of 3.4 percent, which is an increase from the rate of growth of 2.2 percent in the previous quarter and an increase compared to the growth rate of 0.9 percent in the same quarter last year. The economic growth time series for South Korea cover the period from Q1 1961 to Q1 2024. During that time span, the average growth rate for South Korea was 6.94 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.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
South Korea - Economic growth, quarterly  - recent values

Historical chart
South Korea - Economic growth, quarterly  - historical chart - 1961-2024
Measure: percent
Source: Bank of Korea

Download data API

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

 Related indicators Latest value Reference Measure
 Economic growth 2.61 2022 percent
 GDP, constant dollars 1,740.9 2022 billion U.S. dollars
 GDP, current U.S. dollars 1,673.92 2022 billion U.S. dollars
 GDP per capita, current dollars 32,422.57 2022 U.S. dollars
 GDP per capita, PPP 45,560 2022 U.S. dollars
 GDP per capita, constant dollars 33,719.39 2022 U.S. dollars
 Productivity, relative to the U.S. 54.75 2022 index points
 Productivity, current USD 50.1 2022 USD per hour worked
 Economic growth, quarterly 1.40 Q3/2023 percent
 Economic growth Q-on-Q 0.60 Q3/2023 percent
 Gross Domestic Product (GDP) 572,283.50 Q3/2023 billion
This site uses cookies.
Learn more here