Key data points
Last release
—
Observation period
Q3 2024
Next release
—
Forecast
—
Highest
7.80 % on Dec 31, 1970
Lowest
−7.00 % on Mar 31, 1998
About South Korea GDP Growth Rate
South Korea has an export oriented economy and is the world's leading producer of displays and memory semiconductors and the second largest producer of ships. 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.