South Korea
GDP growth, year over year
GDP growth tracks how quickly inflation-adjusted output is expanding or contracting. It is the headline pace measure for business cycles, slowdowns, recoveries, and recessions.
GDP Growth Rate - South Korea
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The reading right now
As of January 2024, GDP growth, year over year for South Korea stood at 2%. That is up 0.42 percentage points from the prior year. Over the trailing five years, the series has averaged 2.09%, ranging from a low of -0.7% in January 2020 to a high of 4.61% in January 2021. The current reading sits 0.58 percentage points below its trailing ten-year mean of 2.59%.
Computed from the observation series on this page. Numbers update when the underlying provider revises the data.