South Korea: Productivity, relative to the U.S.

The latest value from 2022 is 54.75 index points, a decline from 55.72 index points in 2021. In comparison, the world average is 81.93 index points, based on data from 37 countries. Historically, the average for South Korea from 2011 to 2022 is 52.56 index points. The minimum value, 48.76 index points, was reached in 2013 while the maximum of 55.78 index points was recorded in 2020. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: The index sets the level of GDP per hour worked in the U.S. to 100 and uses it as basis to compare other countries. Countries with an index greater (smaller) than 100 have greater (lower) labor productivity than the U.S. The GDP used in the calculation is adjusted for Purchasing Power Parity to account for price differences across countries.