GERD by sector of performance and type of expenditure in Republic of Korea

Republic of Korea: GERD by sector of performance and type of expenditure was 84,278 in 2023. ◆ Volatile

Latest (2023)
84,278
Change on year
up 1.6%
World rank
4th
of 39 countries
All-time high
84,278
in 2023
All-time low
7,241
in 1998
Years of data
26
1998–2023

GERD by sector of performance and type of expenditure in Republic of Korea, 1998–2023

020.0k40.0k60.0k80.0k1998201020231998: 7.2k1999: 9.4k2000: 13.3k2001: 14.0k2002: 14.7k2003: 14.2k2004: 15.6k2005: 19.0k2006: 22.8k2007: 24.6k2008: 21.5k2009: 21.4k2010: 28.6k2011: 32.4k2012: 38.3k2013: 40.8k2014: 45.6k2015: 52.5k2016: 54.0k2017: 61.7k2018: 66.0k2019: 68.2k2020: 69.2k2021: 75.4k2022: 82.9k2023: 84.3k

Source: Eurostat.

Analysis

In 2023, gerd by sector of performance and type of expenditure in Republic of Korea stood at 84,278. That is the highest value across all 26 years on record.

That represents a change of up 1.6% on the previous year and up 106.6% over ten years.

Over the whole period, gerd by sector of performance and type of expenditure in Republic of Korea peaked at 84,278 in 2023 and was at its lowest, 7,241, in 1998.

Republic of Korea ranks 4th of 39 countries on this measure, in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

GERD by sector of performance and type of expenditure in Republic of Korea, year by year

Annual values for GERD by sector of performance and type of expenditure in Republic of Korea, 1998 to 2023.
Year Value Change
1998 7,241
1999 9,408 +29.9%
2000 13,271 +41.1%
2001 13,951 +5.1%
2002 14,738 +5.6%
2003 14,158 -3.9%
2004 15,595 +10.2%
2005 18,966 +21.6%
2006 22,815 +20.3%
2007 24,589 +7.8%
2008 21,480 -12.6%
2009 21,394 -0.4%
2010 28,629 +33.8%
2011 32,370 +13.1%
2012 38,302 +18.3%
2013 40,787 +6.5%
2014 45,585 +11.8%
2015 52,493 +15.2%
2016 54,047 +3.0%
2017 61,711 +14.2%
2018 65,992 +6.9%
2019 68,219 +3.4%
2020 69,168 +1.4%
2021 75,429 +9.1%
2022 82,946 +10.0%
2023 84,278 +1.6%

Averages by decade

DecadeAverage LowestHighest Years
1990s 8,324 7,241 9,408 2
2000s 18,096 13,271 24,589 10
2010s 48,814 28,629 68,219 10
2020s 77,955 69,168 84,278 4

Countries ranked near Republic of Korea

  1. 1 United States of America 883,731 compare
  2. 2 Germany 135,570 compare
  3. 3 Japan 134,017 compare
  4. 5 France 63,600 compare
  5. 6 United Kingdom of Great Britain and Northern Ireland 44,366 compare
  6. 7 Italy 30,415 compare

See the full ranking of 44 places →

More reference data data for Republic of Korea

All data for Republic of Korea →

Frequently asked questions

What is gerd by sector of performance and type of expenditure in Republic of Korea?
Gerd by sector of performance and type of expenditure in Republic of Korea was 84,278 in 2023, according to Eurostat.
What is the highest gerd by sector of performance and type of expenditure recorded in Republic of Korea?
The highest recorded value was 84,278 in 2023.
What is the lowest gerd by sector of performance and type of expenditure recorded in Republic of Korea?
The lowest recorded value was 7,241 in 1998.
How does Republic of Korea rank for gerd by sector of performance and type of expenditure?
Republic of Korea ranks 4th out of 39 countries with data for 2023.
Is gerd by sector of performance and type of expenditure rising or falling in Republic of Korea?
Over the last ten years it is up 106.6%. The long-run trend across the full record is volatile.
Where does this Republic of Korea data come from?
The figures come from Eurostat, published as part of GERD by sector of performance and type of expenditure. Statizoid updates them automatically from the source API.

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GERD by sector of performance and type of expenditure in Republic of Korea. Statizoid, drawing on Eurostat. Retrieved 22 August 2026, from https://reference.statizoid.com/stat/gerd-by-sector-of-performance-and-type-of-expenditure/korea-rep/

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About this data

Indicator
GERD by sector of performance and type of expenditure
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
44 places, 1,440 data points, 1980–2024
Last refreshed