The Gross Domestic Product (GDP) in South Korea expanded 3.60 percent in the first quarter of 2026 over the same quarter of the previous year, accelerating from 1.6% in Q4, marking the fastest growth since the fourth quarter of 2021 and exceeding forecasts of 2.7%. The latest figure came as private consumption (2.6% vs 1.3% in Q4) and government spending (4.0% vs 3.0%) both grew faster. At the same time, exports also rose faster than in Q4 (10.3% vs 4.2%), while investment rebounded (1.3% vs -2.3%). source: The Bank of Korea
The Gross Domestic Product (GDP) in South Korea expanded 3.60 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in South Korea averaged 6.77 percent from 1961 until 2026, reaching an all time high of 20.80 percent in the fourth quarter of 1969 and a record low of -7.30 percent in the second quarter of 1998. This page provides - South Korea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2026.
The Gross Domestic Product (GDP) in South Korea expanded 3.60 percent in the first quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in South Korea is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea GDP Annual Growth Rate is projected to trend around 2.20 percent in 2027 and 2.40 percent in 2028, according to our econometric models.