South Korea Economic Growth Graph
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Real gdp growth yoy data in south korea is updated quarterly available from mar 1961 to jun 2020 with an average rate.
South korea economic growth graph. On the expenditure side consumption dropped 1 3 percent after declining 1 7 percent dragged by private spending 4 percent. World bank mla citation. The latest value from 2019 is 2 03 percent.
Meanwhile gross fixed capital formation expanded 1 9 percent following a 4 7 percent increase. South korea s gdp contracted 2 7 percent on an annual basis in the second quarter of 2020 following a 1 4 percent expansion in the previous period final data showed. The print was 0 1 percentage points higher than the figure given in the advance estimate.
Data learn how the world bank group is helping countries with covid 19 coronavirus. South korea gdp growth rate for 2019 was 2 03 a 0 63 decline from 2018. Economy latest trend ranking composite leading indicator cli indicator 100 30 amplitude adjusted long term average 100 sep 2020 korea long term average 100 household disposable income indicator 1 8 net annual growth rate 2017 korea annual growth rate.
South korea s gdp shrank 3 2 percent quarter over quarter in the three months to june 2020 following a 1 3 percent drop in the previous period entering a recession due to the negative impact of the covid 19. South korea gdp growth rate for 2017 was 3 16 a 0 21 increase from 2016. South korea was one of the few developed countries that was able to avoid a recession during the global financial crisis and its economic growth rate reached 6 2 in 2010 a sharp recovery from economic growth rates of 2 3 in 2008 and 0 2 in 2009 when.
South korea gdp growth rate for 2018 was 2 66 a 0 49 decline from 2017. The rate of change of real gdp. Download historical data save as image data source.
South korea economic growth for 2018 was 2 080 78b a 1 32 increase from 2018. South korea economic growth for 2018 was 2 053 68b a 1 4 increase from 2017. South korea gdp growth.
Korea s economic outlook in six charts may 21 2019 with strong fundamentals korea s economy has performed well in recent years but short term growth is now moderating and long term growth is facing headwinds. That was the largest pace of contraction since the last quarter of 2008 as manufacturing sank 8. The average value for south korea during that period was 7 37 percent with a minimum of 5 13 percent in 1998 and a maximum of 14 9 percent in 1973.
For comparison the world average in 2019 based on 176 countries is 2.