The Gross Domestic Product (GDP) in South Korea expanded 0.9 percent in the first quarter of 2023 over the same quarter of the previous year. It was the lowest annual growth since the fourth quarter of 2020. source: The Bank of Korea
GDP Annual Growth Rate in South Korea averaged 7.01 percent from 1961 until 2023, 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. This page provides - South Korea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
GDP Annual Growth Rate in South Korea is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.