South Korea GDP Annual Growth Rate
The Gross Domestic Product (GDP) in South Korea expanded 3.60 percent in the second quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in South Korea averaged 7.10 Percent from 1971 until 2014, reaching an all time high of 18.20 Percent in the third quarter of 1973 and a record low of -7.30 Percent in the second quarter of 1998. GDP Annual Growth Rate in South Korea is reported by the The Bank of Korea.
||1971 - 2014
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 (around 5.8 percent of GDP); education (5.3 percent of GDP); information and communication (5 percent of GDP); 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. This page provides - South Korea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.