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