Productivity in South Korea decreased to 109.10 points in the first quarter of 2020 from 115.80 points in the fourth quarter of 2019.

Productivity in South Korea averaged 89.82 points from 2000 until 2020, reaching an all time high of 115.80 points in the fourth quarter of 2019 and a record low of 53.50 points in the first quarter of 2000. This page provides - South Korea Productivity - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Productivity - values, historical data and charts - was last updated on September of 2020. source: Korea Productivity Center

Productivity in South Korea is expected to be 108.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Productivity in South Korea to stand at 19.60 in 12 months time. In the long-term, the South Korea Productivity is projected to trend around 19.60 points in 2021, according to our econometric models.

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South Korea Productivity

Actual Previous Highest Lowest Dates Unit Frequency
109.10 115.80 115.80 53.50 2000 - 2020 points Quarterly
NSA, 2015=100

South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.20 4.20 7.10 3.00 percent [+]
Employed Persons 26922.00 26808.00 27522.00 20268.00 Thousand [+]
Unemployed Persons 891.00 1179.00 1546.00 690.00 Thousand [+]
Labor Force Participation Rate 62.40 63.10 64.20 48.50 percent [+]
Labour Costs 119.30 101.50 129.90 69.00 points [+]
Productivity 109.10 115.80 115.80 53.50 points [+]
Wages 3615931.00 4003335.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 3803701.00 4432727.00 4654149.00 2520139.00 KRW/Month [+]
Minimum Wages 8590.00 8350.00 8590.00 600.00 KRW/Hour [+]
Population 51.71 51.61 51.71 25.01 Million [+]
Retirement Age Women 60.00 60.00 60.00 55.00 [+]
Retirement Age Men 60.00 60.00 60.00 55.00 [+]
Youth Unemployment Rate 7.70 9.70 13.40 3.80 percent [+]
Employment Rate 60.40 60.20 61.70 56.10 percent [+]


South Korea Productivity
In South Korea, Productivity is the real value of output produced by a unit of labor during a certain time.