The South Korean economy expanded 2% in 2024, above 1.4% in 2023. Government consumption (1.7%), facilities investment (1.8%) and exports (6.9%) expanded, while private consumption slowed (1.1%) and construction investment contracted (-2.7%). source: The Bank of Korea
Full Year GDP Growth in South Korea averaged 6.95 percent from 1961 until 2024, reaching an all time high of 14.90 percent in 1973 and a record low of -5.13 percent in 1998. This page includes a chart with historical data for South Korea Full Year Gdp Growth. South Korea Full Year Gdp Growth - values, historical data and charts - was last updated on March of 2026.
Full Year GDP Growth in South Korea is expected to reach 1.70 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Full Year Gdp Growth is projected to trend around 2.30 percent in 2026 and 2.40 percent in 2027, according to our econometric models.