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

* indicates monthly or quarterly data series
 South Korea

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

 Latest value 54.75
 Year 2022
 Measure index points
 Data availability 2011 - 2022
 Average 52.56
 Min - Max 48.76 - 55.78
 Source OECD
For that indicator, we provide data for South Korea from 2011 to 2022. The average value for South Korea during that period was 52.56 index points with a minimum of 48.76 index points in 2013 and a maximum of 55.78 index points in 2020. The latest value from 2022 is 54.75 index points. For comparison, the world average in 2022 based on 37 countries is 81.93 index points. 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 - Productivity, relative to the U.S. - Recent values chart

Historical chart
South Korea - Productivity, relative to the U.S. - historical chart - 2011-2022

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.

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 Related indicators Latest value Reference Measure
 Economic growth 2.61 2022 percent
 GDP, constant dollars 1,740.9 2022 billion U.S. dollars
 GDP, current U.S. dollars 1,673.92 2022 billion U.S. dollars
 GDP per capita, current dollars 32,422.57 2022 U.S. dollars
 GDP per capita, PPP 45,560 2022 U.S. dollars
 GDP per capita, constant dollars 33,719.39 2022 U.S. dollars
 Productivity, relative to the U.S. 54.75 2022 index points
 Productivity, current USD 50.1 2022 USD per hour worked
 Economic growth, quarterly 1.40 Q3/2023 percent
 Economic growth Q-on-Q 0.60 Q3/2023 percent
 Gross Domestic Product (GDP) 611,097.60 Q3/2023 billion
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