South Korea's Gross Domestic Product grew 3.7% year-on-year in Q2 2026, easing from 3.8% in Q1, which marked the fastest annual growth since Q4 2021, while remaining above market estimates of 3.5%, preliminary data showed. The latest figure came as private consumption (2.5% vs 2.7% in Q1) and government spending (2.2% vs 3.1%) both grew at a softer pace. At the same time, exports (9.0% vs 11.8%) and imports (6.3% vs 8.5%) also increased less, while investment grew faster than in Q1 (2.5% vs 1.5%). source: The Bank of Korea
The Gross Domestic Product (GDP) in South Korea expanded 3.70 percent in the second 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 July of 2026.
The Gross Domestic Product (GDP) in South Korea expanded 3.70 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in South Korea is expected to be 3.80 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 3.10 percent in 2027 and 2.80 percent in 2028, according to our econometric models.