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Korea, Rep. — GDP growth
GDP Growth (Annual %) for Korea, Rep., 1961–2025.
Latest value · 2025
1.01%
GDP Growth (Annual %) · annual % · -85.4% since 1961
GDP growth for Korea, Rep. was 1.01% in 2025, according to the latest World Bank data. The series covers 65 years, from 1961 to 2025. The highest recorded value was 14.97% in 1973. The lowest was -4.94% in 1998 (about -4.9× the latest value). Across that span the compound annual growth rate works out to -2.97% per year.
Korea, Rep. ranks 174 of 212 economies on this measure (1 = highest), putting it in the top 82%. The median for East Asia & Pacific is 3.62%, so Korea, Rep. sits below it. It peaked in 1973 and has fallen 93% since. Over the last decade (2015–2025) the figure moved down 66%.
Key figures
Latest (2025)
1.01%
First (1961)
6.92%
Change
-85.4%
Highest
14.97%
in 1973
Lowest
-4.94%
in 1998
Average
6.94%
Annual growth (CAGR)
-2.97%
Years of data
65
Recent years
| Year | annual % |
|---|---|
| 2025 | 1.01% |
| 2024 | 2% |
| 2023 | 1.58% |
| 2022 | 2.73% |
| 2021 | 4.61% |
| 2020 | -0.7% |
| 2019 | 2.31% |
| 2018 | 3.18% |
| 2017 | 3.43% |
| 2016 | 3.17% |
| 2015 | 2.92% |
| 2014 | 3.21% |
Reading this correctly. Annual percentage growth rate of GDP at constant market prices. A negative value means the economy contracted that year. Figures are in annual %. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
NY.GDP.MKTP.KD.ZG — GDP Growth (Annual %). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.