South Korea GDP YoYSouth Korea GDP YoYSouth Korea GDP YoY

South Korea GDP YoY

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Key data points


Last release
Observation period
Q3 2024
Next release
Forecast
Highest
20.80% on Dec 31, 1969
Lowest
−7.30% on Jun 30, 1998

About South Korea GDP YoY


Category
GDP
Frequency
Quarterly
Units
%
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.