South Korea Annual GDP Growth Table
Source: WorldbankGrowth | Growth Capita
In 2024, South Korea experienced a significant an increase in its GDP growth rate, which rise to 2.004% from 1.583% in 2023. Additionally, the GDP per capita growth rate in South Korea increase to 1.928% in 2024, compared to 1.504% in 2023.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | 6.92% | 6.92% | 3.794% | 3.79% |
| 1962 | 3.922% | -3.00% | 0.992% | -2.80% |
| 1963 | 9.01% | 5.09% | 6.016% | 5.02% |
| 1964 | 9.427% | 0.42% | 6.602% | 0.59% |
| 1965 | 7.314% | -2.11% | 4.62% | -1.98% |
| 1966 | 12.008% | 4.69% | 9.227% | 4.61% |
| 1967 | 9.151% | -2.86% | 6.632% | -2.60% |
| 1968 | 13.223% | 4.07% | 10.626% | 3.99% |
| 1969 | 14.591% | 1.37% | 12.026% | 1.40% |
| 1970 | 10.167% | -4.42% | 7.787% | -4.24% |
| 1971 | 10.651% | 0.48% | 8.491% | 0.70% |
| 1972 | 7.337% | -3.31% | 5.342% | -3.15% |
| 1973 | 14.975% | 7.64% | 12.959% | 7.62% |
| 1974 | 9.649% | -5.33% | 7.787% | -5.17% |
| 1975 | 7.932% | -1.72% | 6.131% | -1.66% |
| 1976 | 13.263% | 5.33% | 11.469% | 5.34% |
| 1977 | 12.377% | -0.89% | 10.639% | -0.83% |
| 1978 | 11.069% | -1.31% | 9.395% | -1.24% |
| 1979 | 8.737% | -2.33% | 7.1% | -2.30% |
| 1980 | -1.524% | -10.26% | -3.047% | -10.15% |
| 1981 | 7.404% | 8.93% | 5.741% | 8.79% |
| 1982 | 8.468% | 1.06% | 6.805% | 1.06% |
| 1983 | 13.467% | 5.00% | 11.806% | 5.00% |
| 1984 | 10.637% | -2.83% | 9.28% | -2.53% |
| 1985 | 7.939% | -2.70% | 6.881% | -2.40% |
| 1986 | 11.503% | 3.56% | 10.399% | 3.52% |
| 1987 | 12.892% | 1.39% | 11.786% | 1.39% |
| 1988 | 12.133% | -0.76% | 11.041% | -0.74% |
| 1989 | 7.165% | -4.97% | 6.11% | -4.93% |
| 1990 | 10.025% | 2.86% | 8.946% | 2.84% |
| 1991 | 10.875% | 0.85% | 9.783% | 0.84% |
| 1992 | 6.352% | -4.52% | 5.252% | -4.53% |
| 1993 | 6.995% | 0.64% | 5.913% | 0.66% |
| 1994 | 9.372% | 2.38% | 8.277% | 2.36% |
| 1995 | 9.736% | 0.36% | 8.637% | 0.36% |
| 1996 | 7.99% | -1.75% | 6.966% | -1.67% |
| 1997 | 6.282% | -1.71% | 5.29% | -1.68% |
| 1998 | -4.939% | -11.22% | -5.623% | -10.91% |
| 1999 | 11.617% | 16.56% | 10.827% | 16.45% |
| 2000 | 9.202% | -2.42% | 8.293% | -2.53% |
| 2001 | 4.726% | -4.48% | 3.926% | -4.37% |
| 2002 | 7.744% | 3.02% | 7.123% | 3.20% |
| 2003 | 3.075% | -4.67% | 2.542% | -4.58% |
| 2004 | 5.184% | 2.11% | 4.768% | 2.23% |
| 2005 | 4.358% | -0.83% | 4.137% | -0.63% |
| 2006 | 5.245% | 0.89% | 4.694% | 0.56% |
| 2007 | 5.842% | 0.60% | 5.309% | 0.62% |
| 2008 | 3.004% | -2.84% | 2.225% | -3.08% |
| 2009 | 0.82% | -2.18% | 0.302% | -1.92% |
| 2010 | 6.982% | 6.16% | 6.45% | 6.15% |
| 2011 | 3.688% | -3.29% | 2.894% | -3.56% |
| 2012 | 2.548% | -1.14% | 2.01% | -0.88% |
| 2013 | 3.291% | 0.74% | 2.822% | 0.81% |
| 2014 | 3.215% | -0.08% | 2.568% | -0.25% |
| 2015 | 2.92% | -0.30% | 2.379% | -0.19% |
| 2016 | 3.172% | 0.25% | 2.763% | 0.38% |
| 2017 | 3.433% | 0.26% | 3.143% | 0.38% |
| 2018 | 3.176% | -0.26% | 2.73% | -0.41% |
| 2019 | 2.314% | -0.86% | 1.958% | -0.77% |
| 2020 | -0.7% | -3.01% | -0.837% | -2.80% |
| 2021 | 4.613% | 5.31% | 4.748% | 5.59% |
| 2022 | 2.728% | -1.89% | 2.92% | -1.83% |
| 2023 | 1.583% | -1.15% | 1.504% | -1.42% |
| 2024 | 2.004% | 0.42% | 1.928% | 0.42% |