South Korea: Economic growth forecast

For that indicator, we provide data for South Korea from 1980 to 2028. The average value for South Korea during that period was 5.37 percent with a minimum of -5.13 percent in 1998 and a maximum of 13.38 percent in 1983. The latest value from 2028 is 2.11 percent. For comparison, the world average in 2028 based on 183 countries is 3.39 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Year-on-year percent changes in constant price GDP. The base year is country-specific. Expenditure-based GDP is the total final expenditure at purchasers prices including the f.o.b. value of exports of goods and services, less the f.o.b. value of imports of goods and services. The series includes actual historical values for past years and forecast values for the current and the next few years.