FXEMPIRE
All
Corona Virus
Stay Safe, FollowGuidance
World
5,638,033Confirmed
349,323Deaths
2,405,219Recovered
Fetching Location Data…
Advertisement
Advertisement

South Korea GDP Growth Rate

Last Release
Mar 2020
Actual
-1.4 %
Forecast
-1.4 %
Previous
1.3 %
Frequency
Quarterly
Units In
%
Next Release
Jun 1, 2020
Time to Release
6 Days 5 Hours
Highest
Lowest
Average
Date Range
Source
7.8 %
Dec 1970
-7 %
Mar 1998
1.76 %1960 - 2020The Bank of Korea
South Korea has an export oriented economy and is the world's leading producer of displays and memory semiconductors and the second largest producer of ships. 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

South Korea’s quarterly GDP growth climbed to 1.2 percent in the three months to December 2019, accelerating from 0.4 percent in the previous quarter and beating market expectations of a 0.8 percent increase, advanced data showed.

South Korea GDP Growth Rate History

Last 12 readings

Latest Releases and Calendar Events

DATETIMETITLE
Jan 21, 202023:24South Korea GDP Growth Gains Steam
Dec 3, 201909:55South Korea GDP Growth Confirmed at 0.4%
Oct 24, 201910:26South Korea Quarterly GDP Growth Below Consensus
Sep 3, 201911:13South Korea Q2 GDP Growth Revised Slightly Lower
Jul 25, 201908:30South Korea Q2 GDP Growth at Near 2-Year High
Jun 4, 201909:05South Korea Q1 GDP Falls More than Initially Estimated
Apr 25, 201910:44South Korea Economy Unexpectedly Shrinks in Q1

A Look at the Markets

Educational Pieces on Marco Indicators

all education articles

South Korea gdp Indicators

All South Korea indicators
Indicator
Last
Previous
Min
Max
Unit
Frequency
Range
GDP
1,690
Dec 2019
1,619.42
Dec 2018
2.42
Dec 1961
1,690
Dec 2019
USD BillionYearly1960 - 2019
GDP Annual Growth Rate
1.3
Mar 2020
2.3
Dec 2019
-7.3
Jun 1998
20.8
Dec 1969
%Quarterly1961 - 2020
GDP Constant Prices
460,970.3
Mar 2020
467,045.1
Dec 2019
6,626.29
Mar 1960
467,045.1
Dec 2019
KRW BillionQuarterly1960 - 2020
GDP From Agriculture
8,354.7
Mar 2020
8,402.7
Dec 2019
1,627.32
Mar 1960
8,635.1
Dec 2014
KRW BillionQuarterly1960 - 2020
GDP From Construction
22,365
Mar 2020
22,159.7
Dec 2019
279.27
Dec 1960
23,837.4
Mar 2017
KRW BillionQuarterly1960 - 2020
GDP From Manufacturing
123,745.4
Mar 2020
125,987.1
Dec 2019
297.74
Jun 1960
125,987.1
Dec 2019
KRW BillionQuarterly1960 - 2020

GDP Growth Rate across Asia

GDP Growth Rate global view
Country
Last
Previous
Min
Max
Unit
Frequency
Range
Bangladesh
8.2
Dec 2019
7.9
Dec 2018
4.08
Dec 1994
8.2
Dec 2019
%Yearly1994 - 2019
China
-9.8
Mar 2020
1.5
Dec 2019
-9.8
Mar 2020
2.6
Mar 2011
%Quarterly2010 - 2020
Hong Kong
-5.3
Mar 2020
-0.5
Dec 2019
-5.3
Mar 2020
6.1
Sep 2003
%Quarterly1990 - 2020
India
1.1
Dec 2019
1.1
Sep 2019
-1.8
Mar 2009
5.8
Jun 2009
%Quarterly1996 - 2019
Indonesia
-2.41
Mar 2020
-1.74
Dec 2019
-3.57
Dec 2008
4.21
Jun 2018
%Quarterly2005 - 2020
Japan
-0.9
Mar 2020
-1.9
Dec 2019
-4.8
Mar 2009
3.2
Jun 1990
%Quarterly1980 - 2020

Trade With A Regulated Broker

  • Your capital is at risk