GERD as a percentage of GDP in Korea

Korea: GERD as a percentage of GDP was 4.9% in 2023. β–² Rising

Latest (2023)
4.9%
Change on year
up 2.0%
World rank
2nd
of 116 countries
All-time high
4.9%
in 2023
All-time low
1.9%
in 1999
Years of data
28
1996–2023

GERD as a percentage of GDP in Korea, 1996–2023

0123451996200920231996: 2.11997: 2.21998: 21999: 1.92000: 22001: 2.22002: 2.12003: 2.22004: 2.42005: 2.42006: 2.62007: 2.82008: 2.92009: 32010: 3.22011: 3.42012: 3.72013: 3.82014: 3.92015: 3.82016: 3.82017: 4.12018: 4.32019: 4.42020: 4.52021: 4.62022: 4.82023: 4.9

Source: UNESCO Institute for Statistics.

Analysis

Korea recorded 4.9% for gerd as a percentage of gdp in 2023. That is the highest value across all 28 years on record.

The figure is up 2.0% on the previous year and up 31.0% over ten years.

Over the whole period, gerd as a percentage of gdp in Korea peaked at 4.9% in 2023 and was at its lowest, 1.9%, in 1999.

That places Korea 2nd out of 116 countries with data for 2023, putting it in the top 10%.

The long-run direction has been consistently rising across the 28 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 2.1% 1.9% 2.2% 4
2000s 2.5% 2.0% 3.0% 10
2010s 3.8% 3.2% 4.4% 10
2020s 4.7% 4.5% 4.9% 4

Countries ranked near Korea

  1. 1 Israel 6.3% compare
  2. 3 Sweden 3.6% compare
  3. 4 United States 3.4% compare
  4. 5 Japan 3.4% compare

See the full ranking of 166 places β†’

More science & technology data for Korea

All data for Korea β†’

Frequently asked questions

What is gerd as a percentage of gdp in Korea?
Gerd as a percentage of gdp in Korea was 4.9% in 2023, according to UNESCO Institute for Statistics.
What is the highest gerd as a percentage of gdp recorded in Korea?
The highest recorded value was 4.9% in 2023.
What is the lowest gerd as a percentage of gdp recorded in Korea?
The lowest recorded value was 1.9% in 1999.
How does Korea rank for gerd as a percentage of gdp?
Korea ranks 2nd out of 116 countries with data for 2023.
Is gerd as a percentage of gdp rising or falling in Korea?
Over the last ten years it is up 31.0%. The long-run trend across the full record is rising.
Where does this Korea data come from?
The figures come from UNESCO Institute for Statistics, published as part of GERD as a percentage of GDP. Statizoid updates them automatically from the source API.

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GERD as a percentage of GDP in Korea. Statizoid, drawing on UNESCO Institute for Statistics. Retrieved 18 August 2026, from https://science-tech.statizoid.com/stat/gerd-as-a-percentage-of-gdp/korea-rep/

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About this data

Indicator
GERD as a percentage of GDP
Source
UNESCO Institute for Statistics
Licence
CC BY-SA 3.0 IGO (UNESCO Institute for Statistics)
Coverage
166 places, 3,775 data points, 1996–2024
Last refreshed

February 2026 Data Release