Manufacturing capacity utilization rate South Korea 1980-2023

Published by L. Yoon, Nov 6, 2024

In 2023, the capacity utilization rate for South Korea's manufacturing industry was 71.9 percent, decreasing from the previous year. Manufacturing capacity utilization fell to about 67.6 percent during the Asian financial crisis in 1998 and has shown a downward trend in recent years, except for 2021, which saw a brief recovery.

Average capacity utilization rate of the manufacturing industry in South Korea from 1980 to 2023

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Release date

November 2024

Region

South Korea

Survey time period

1980 to 2023

Supplementary notes

The capacity utilization rate shows the utilization of a company's production facilities and is calculated as (actual output/potential output) x 100.

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