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South Korea GDP Annual Growth Rate

Last Release
Jun 2020
Actual
-2.9 %
Forecast
-2.9 %
Previous
1.4 %
Frequency
Quarterly
Units In
%
Next Release
Aug 31, 2020
Time to Release
17 Days 6 Hours
Highest
Lowest
Average
Date Range
Source
20.8 %
Dec 1969
-7.3 %
Jun 1998
7.22 %1961 - 2020The 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.

Latest Updates

The South Korean economy advanced 2.0 percent year-on-year in the third quarter of 2019, matching growth for the previous period and the preliminary reading.

South Korea GDP Annual Growth Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Dec 3, 201909:23South Korea GDP Annual Growth Steady at 2%
Oct 24, 201910:34South Korea Annual GDP Growth Remains at 2%
Sep 3, 201911:30South Korea Q2 GDP Annual Growth Rate at 2%
Sep 2, 201923:32South Korea Consumer Prices Unexpectedly Unchanged
Jul 25, 201908:17South Korea Economy Expands 2.1% YoY in Q2
Jun 4, 201909:19South Korea Annual GDP Growth Weakest Since 2009
Apr 25, 201910:58South Korea Annual GDP Growth Weakest Since 2009

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South Korea gdp Indicators

All South Korea indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
GDP
1,642.38
Dec 2019
1,720.58
Dec 2018
2.42
Dec 1961
1,720.58
Dec 2018
USD BillionYearly1960 - 2019
GDP Annual Growth Rate
-2.9
Jun 2020
1.4
Mar 2020
-7.3
Jun 1998
20.8
Dec 1969
%Quarterly1961 - 2020
GDP Constant Prices
447,377.9
Jun 2020
462,805.5
Mar 2020
6,626.29
Mar 1960
468,814.3
Dec 2019
KRW BillionQuarterly1960 - 2020
GDP From Agriculture
7,608.9
Jun 2020
8,423.2
Mar 2020
1,627.32
Mar 1960
8,635.1
Dec 2014
KRW BillionQuarterly1960 - 2020
GDP From Construction
22,725.9
Jun 2020
22,365
Mar 2020
279.27
Dec 1960
23,837.4
Mar 2017
KRW BillionQuarterly1960 - 2020
GDP From Manufacturing
113,041.1
Jun 2020
123,745.4
Mar 2020
297.74
Jun 1960
125,987.1
Dec 2019
KRW BillionQuarterly1960 - 2020

GDP Annual Growth Rate across Asia

GDP Annual Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Afghanistan
4.03
Dec 2019
1.58
Dec 2018
-1.8
Dec 2015
17.2
Dec 2009
%Yearly2007 - 2019
Azerbaijan
2.2
Dec 2019
2.5
Sep 2019
-3.9
Sep 2016
40.4
Mar 2006
%Quarterly2001 - 2019
Bhutan
3
Dec 2018
4.7
Dec 2017
3
Dec 2018
17.9
Dec 2008
%Yearly1996 - 2018
Brunei
2.4
Mar 2020
7.1
Dec 2019
-8.1
Dec 2013
7.1
Dec 2019
%Quarterly2004 - 2020
Cambodia
7.1
Dec 2019
7.5
Dec 2018
0.1
Dec 2009
13.3
Dec 2005
%Yearly1994 - 2019
China
3.2
Jun 2020
-6.8
Mar 2020
-6.8
Mar 2020
15.3
Mar 1993
%Quarterly1989 - 2020

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