GDP growth rates in South and North Korea 1990-2023

Published by L. Yoon, Aug 27, 2024

In 2023, South Korea's gross domestic product (GDP) grew by about 1.4 percent compared to the previous year. North Korea's GDP growth rate stood at about 3.1 percent that year, achieving positive growth for the first time after experiencing a period of negative growth during the COVID-19 pandemic.

Comparison of the GDP growth rates in South Korea and North Korea from 1990 to 2023

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Release date

August 2024

Region

North Korea, South Korea

Survey time period

2000 to 2023

Supplementary notes

The data for North Korea is based on estimates.

The figure for South Korea in 2023 is preliminary.

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