GDP Growth Rate in South Korea is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in South Korea to stand at 1.00 in 12 months time. In the long-term, the South Korea GDP Growth Rate is projected to trend around 1.00 percent in 2020, according to our econometric models.


Forecast Data Chart
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South Korea GDP Last Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 0.6 0.9 0.8 0.8 1 1
GDP Annual Growth Rate 2 2.8 2.6 2.7 2.9 2
GDP 1531 1577 1622 1622 1622 1700
GDP Constant Prices 400235 402648 405892 408704 411841 420148
Gross National Product 406054 434733 404328 417017 417829 453626
Gross Fixed Capital Formation 117825 128101 130390 126755 121242 133669
GDP per capita 26152 26500 26800 26800 26800 27200
GDP per capita PPP 35938 36653 37400 37400 37400 38201
GDP From Agriculture 6932 7271 7692 7484 7133 7587
GDP From Construction 16285 17876 18209 17664 16757 18653
GDP From Manufacturing 116975 115005 116608 117442 120367 120003
GDP From Mining 502 563 571 541 517 587
GDP From Public Administration 24177 24114 24412 24643 24878 25162
GDP From Services 211761 213128 215096 216436 217902 222390
GDP From Transport 13200 13474 13314 13561 13583 14059
GDP From Utilities 7884 7966 7397 8103 8113 8312