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South Korea GDP Annual Growth Rate

Last Release
Mar 31, 2024
Actual
3.4
Units In
%
Previous
2.2
Frequency
Quarterly
Next Release
Sep 04, 2024
Time to Release
2 Months 30 Days 21 Hours
Highest
Lowest
Average
Date Range
Source
20.8
Dec 1969
-7.3
Jun 1998
6.93 %1961-2024The Bank of Korea
South Korea’s economy became one of the most diversified and technologically advanced in the world in the last 50 years. Like in most developed countries, services account for the highest percentage of GDP (around 57 percent of GDP). Within services the most important ones are public administration (6 percent ); education (5.3 percent); information and communication (5 percent); and business activities (4.6 percent of GDP). A strong manufacturing industry which has turned South Korea into a major exporter accounts for 32 percent of GDP.

South Korea GDP Annual Growth Rate History

Last 12 readings

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