(measure: percent; Source: International Monetary Fund)
* indicates monthly or quarterly data series
South Korea: Economic growth forecast
For that indicator, we provide data for South Korea from 1980 to 2024. The average value for South Korea during that period was 5.64 percent with a minimum of -5.13 percent in 1998 and a maximum of 13.38 percent in 1983.
The latest value from 2024 is 2.64 percent. For comparison, the world average in 2024 based on 185
countries is 3.56 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.