South Korea: Economic growth forecast

* indicates monthly or quarterly data series
 South Korea

Economic growth forecast

 Latest value 2.08
 Year 2028
 Measure percent
 Data availability 1980 - 2028
 Average 5.37
 Min - Max -5.13 - 13.38
 Source International Monetary Fund
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 2.08 percent. For comparison, the world average in 2028 based on 183 countries is 3.37 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
South Korea - Economic growth forecast - Recent values chart

Historical chart
South Korea - Economic growth forecast - historical chart - 1980-2028

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.

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 Related indicators Latest value Reference Measure
 Economic growth forecast 2.08 2028 percent
 Investment forecast 30.34 2028 percent
 Inflation forecast 2.00 2028 percent
 Unemployment rate forecast 3.10 2028 percent
 Budget balance forecast 0.22 2028 percent
 Current account forecast 4.33 2028 percent
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