GDP Structure (Expenditure Approach) The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. ...
In 2023, North Korea's GDP growth rate reached approximately 3.1 percent, marking the first positive growth after a period of decline during the COVID-19 pandemic.
The statistic shows gross domestic product (GDP) of South Korea from 1987 to 2023, with projections up until 2029.
GDP $1.71 trillion Population 51,712,619 Area 99,720 SQ.KM More on South Korea The 25 Best Countries in the World Worst Countries for Racial Equity When Countries Prosecute Former Leaders South Korea, officially the Republic of Korea, is a nation in eastern Asia that occupies the southern po...
In Asia, South Korea narrowly avoided a technical recession with its third-quarter GDP growing 0.1% quarter on quarter, following a 0.2% contraction in the second quarter. It, however, missed Reuters estimates of 0.5% growth. On a year-on-year basis, South Korea's economy grew 1.5%, also...
South Korean GDP growth is estimated to moderate from 2.5% in 2022 to 1.7% in 2023, according to the latest forecast by S&P Global Market Intelligence. South Korea's export sector, which accounts for an estimated 38% of GDP, is expected to face increasing headwinds during 2023 d...
This year, in 2023, Korea is expected to have less than 250,000 babies—less than a quarter of where we were in the ‘70s. We are rapidly declining in population and as a result, the second big issue Korea is facing right now is our GDP growth rate. ...
GDP Deflator Growth (%) 1.4 Mar 2023 quarterly Mar 1961 - Mar 2023 GDP per Capita (USD) 35,569.900 2023 yearly 1953 - 2023 Gross Fixed Capital Formation (USD mn) 144,555.025 Sep 2024 quarterly Mar 1960 - Sep 2024 Gross National Product (GNP) (USD mn) 481,993.753 Sep 2024 quarter...
In 2023, South Korea's gross domestic product (GDP) increased by 1.4 percent year-on-year, while the manufacturing sector grew by approximately one percent.
but South Korea has been fast in shifting its base to theindustrial sector. The agriculture sector's contribution to GDP dropped to 15% by the 1980s, sliding down below 10% by the late 1980s, and has stayed sub-5% since 1998.