Name: South Korea GDP Annual Growth Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: South Korea,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

The Gross Domestic Product (GDP) in South Korea expanded 1.60 percent in the fourth quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in South Korea averaged 6.78 percent from 1961 until 2025, 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. source: The Bank of Korea

GDP Annual Growth Rate in South Korea is expected to be 1.60 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.

Related	Last	Previous	Unit	Reference
GDP Growth Rate YoY	1.60	1.80	percent	Dec 2025
GDP Constant Prices	582662.50	583601.00	KRW Billion	Dec 2025
GDP Growth Rate	-0.20	1.30	percent	Dec 2025
Gross Fixed Capital Formation	157290.70	160825.20	KRW Billion	Dec 2025
Gross National Product	590035.70	581942.60	KRW Billion	Dec 2025

South Korea GDP Annual Growth Rate

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.