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South Korea GDP Annual Growth Rate
Last Release
Sep 30, 2024
Actual
1.5
Units In
%
Previous
2.3
Frequency
Quarterly
Next Release
Dec 04, 2024
Time to Release
1 Months 10 Days 22 Hours
Highest | Lowest | Average | Date Range | Source |
20.8 Dec 1969 | -7.3 Jun 1998 | 6.89 % | 1961-2024 | The Bank of Korea |
South Korea’s economy became one of the most diversified and technologically advanced in the world in the last 50 years. Like in most developed countries, services account for the highest percentage of GDP (around 57 percent of GDP). Within services the most important ones are public administration (6 percent ); education (5.3 percent); information and communication (5 percent); and business activities (4.6 percent of GDP). A strong manufacturing industry which has turned South Korea into a major exporter accounts for 32 percent of GDP.
South Korea GDP Annual Growth Rate History
Last 12 readings