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

South Korea: GDP per hour worked, index relative to the U.S.

, 1970 - 2019: For that indicator, we provide data for South Korea from 1970 to 2019. The average value for South Korea during that period was 31.96 index points with a minimum of 9.94 index points in 1970 and a maximum of 54.7 index points in 2018. The latest value from 2019 is 54.39 index points. For comparison, the world average in 2019 based on 38 countries is 76.44 index points. See the global rankings 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.