... 1960 - 2018 GDP growth (annual %) ... GDP per capita growth (annual %) Download. In 2018 and beyond, South Korea will contend with gradually slowing economic growth - in the 2-3% range - not uncommon for advanced economies. Overview: In 2018 South Korea was the number 14 economy in the world in terms of GDP (constant 2011 international USD), the number 5 in total exports, the number 10 in total imports, and the number 5 most complex economy according to the Economic Complexity Index (ECI).In 2018, South Korea exported $617B and imported $509B, resulting in a positive trade balance of $107B.
(Yonhap) (Yonhap)
With an annual GDP growth rate of 2.8% in 2016, Korea was above the OECD average of 1.78%. The GDP figure in 2018 was €1,457,579 $1,720,489 million, leaving South Korea placed 10th in the ranking of GDP of the 196 countries that we publish.
SGI 2018 | 3 South Korea Report challenge, as does completion of the new government’s many announced but as-yet-unimplemented policies. Though Republic of Korea real GDP growth fluctuated substantially in recent years, it tended to decrease through 1999 - 2018 period ending at 2.7 % in 2018. WDI Tables.
The global spread of the coronavirus will have a crippling effect on South Korea's economy in 2020, through disrupted industrial production, suppressed private spending and investment, and falling external demand.
Economically, Korea is doing exceptionally well in cross-OECD comparison. We forecast real GDP to contract by 1.8% in 2020, from 2% growth in 2019.
South Korea gdp for 2018 was $2,126.32B, a 1.21% increase from 2018.
Annual percentage growth rate of GDP at market prices based on constant local currency. Korea Economic News.
South Korea gdp growth rate for 2016 was 2.93%, a 0.14% increase from 2015. Also Show. South Korea gdp growth rate for 2018 was 2.67%, a 0.39% decline from 2017.
GDP (current US$) - Korea, Rep. World Bank national accounts data, and OECD National Accounts data files. Menu. Korea, Rep. The latest value from 2018 is 38.99 percent.
South Korea’s quarterly GDP declined 1.3 percent on quarter in the three months to March 2020, falling steeply after increasing 1.3 percent in the prior period and compared to a preliminary estimate of 1.4 percent, final data showed. Thematic data tables from WDI.
The total health expenditure in South Korea in 2018 accounted for approximately 8.1 percent of Korea's Gross Domestic Product (GDP) that year. This rate is 5 -tenths of one percent less than the figure of 3.2% published in 2017. It was the sharpest drop since the last quarter of 2008, dragged by services (-2.4 percent vs 1.3 percent in Q4) and manufacturing (-1 percent vs 1.8 percent). GDP growth (annual %) Korea, Rep. Close. DataBank Microdata Data Catalog. For comparison, the world average in 2018 based on 162 countries …
South Korea (Korean: 한국/ ... and both sides used the South Korean held 2018 Winter Olympics as an opportunity for engagement, ... the South Korean economy managed a rapid recovery and subsequently tripled its GDP. South Korea's 2018 GDP growth slows to six-year low, trade woes dim outlook. South Korea gdp growth rate for 2015 was 2.79%, a 0.55% decline from 2014. Online tool for visualization and analysis. June 2, 2020. DataBank.
Gross Domestic Product of South Korea grew 2.7% in 2018 compared to last year. CSV XML EXCEL.
South Korea's 2018 GDP growth slows to 6-yr low, trade woes dim outlook South Korean exports fell 2.2% on the quarter in the last three months of 2018, stoking concern about the trade-reliant economy.