South Korea Real GDP Growth

1961 - 2020 | Quarterly | % | CEIC Data

The Gross Domestic Product (GDP) in South Korea contracted 1.3 % YoY in Sep 2020, following a negative growth of 2.8 % in the previous quarter. Real GDP Growth YoY data in South Korea is updated quarterly, available from Mar 1961 to Sep 2020, with an average rate of 7.2 %. The data reached an all-time high of 19.9 % in Dec 1969 and a record low of -7.3 % in Jun 1998. CEIC calculates Real GDP Growth from quarterly Real GDP. The Bank of Korea provides Real GDP in local currency, at chain linked 2015 prices.

In the latest reports, Nominal GDP of South Korea reached 387.3 USD bn in Jun 2020. Its GDP deflator (implicit price deflator) increased 1.2 % in Jun 2020. GDP Per Capita in South Korea reached 31,838.2 USD in Dec 2019. Its Gross Savings Rate was measured at 34.8 % in Jun 2020.

View South Korea's Real GDP Growth from Mar 1961 to Sep 2020 in the chart:

South Korea Real GDP Growth

What was South Korea's Real GDP Growth in Sep 2020?

Last Previous Min Max Unit Frequency Range
-1.3 Sep 2020 -2.8 Jun 2020 -7.3 Jun 1998 19.9 Dec 1969 % quarterly Mar 1961 - Sep 2020

Real GDP Growth by Country Comparison

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Includes Real GDP Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) -11.0 Jun 2020 quarterly Mar 2010 - Jun 2020
Algeria (%) -3.9 Mar 2020 quarterly Mar 2012 - Mar 2020
Argentina (%) -19.8 Jun 2020 quarterly Mar 2005 - Jun 2020
Armenia (%) -9.1 Sep 2020 quarterly Mar 2001 - Sep 2020
Australia (%) -6.3 Jun 2020 quarterly Sep 1960 - Jun 2020
Austria (%) -14.5 Jun 2020 quarterly Mar 1989 - Jun 2020
Azerbaijan (%) 0.2 Mar 2020 quarterly Mar 2001 - Mar 2020
Bahrain (%) -8.9 Jun 2020 quarterly Mar 2009 - Jun 2020
Bangladesh (%) 5.2 2020 yearly 2007 - 2020
Belarus (%) -3.3 Jun 2020 quarterly Mar 2006 - Jun 2020

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South Korea Key Series

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Includes 539 key indicators for South Korea, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.3 Jun 2020 quarterly Jun 2000 - Jun 2020
Consolidated Fiscal Balance (USD mn) -8,134.344 Sep 2020 monthly Jul 1999 - Sep 2020
Tax Revenue (USD mn) 12,543.704 Nov 2020 monthly Jan 2000 - Nov 2020
Tax Revenue: % of GDP (%) 13.4 Jun 2020 quarterly Mar 2000 - Jun 2020
National Government Debt (USD mn) 686,391.5 Sep 2020 quarterly Sep 2002 - Sep 2020
Government Debt: % of GDP (%) 39.9 Jun 2020 quarterly Sep 2002 - Jun 2020
Forecast: Government Expenditure (KRW bn) 599,692.553 2025 yearly 1995 - 2025
Forecast: Government Net Debt (KRW bn) 1,527,429.242 2025 yearly 1990 - 2025
Forecast: Government Revenue (KRW bn) 539,984.873 2025 yearly 1995 - 2025
National Debt (ND) (KRW bn) 728.800 2019 yearly 1997 - 2019
Central Govt Debt (KRW bn) 800,311.900 Sep 2020 quarterly Sep 2002 - Sep 2020
Central Govt Debt: Short-Term (KRW bn) 213.000 Sep 2020 quarterly Sep 2002 - Sep 2020
Central Govt Debt: Medium & Long Term (KRW bn) 799,962.400 Sep 2020 quarterly Sep 2002 - Sep 2020
Central Govt Debt: Domestic (KRW bn) 755,470.200 Sep 2020 quarterly Dec 2002 - Sep 2020
Central Govt Debt: Foreign (KRW bn) 8,613.200 Sep 2020 quarterly Dec 2002 - Sep 2020
Public Sector Debt (KRW bn) 1,132,600.000 2019 yearly 2011 - 2019

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