Inflation, GDP deflator in South Korea
South Korea: Inflation, GDP deflator was 3.1% in 2025. ◆ Volatile
Inflation, GDP deflator in South Korea, 1961–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
In 2025, inflation, gdp deflator in South Korea stood at 3.1%.
That represents a change of down 23.1% on the previous year and down 3.2% over ten years.
Over the whole period, inflation, gdp deflator in South Korea peaked at 30.7% in 1974 and was at its lowest, -1.4%, in 1999.
South Korea ranks 115th of 213 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 16.7% | 4.9% | 30.4% | 9 |
| 1970s | 18.5% | 11.3% | 30.7% | 10 |
| 1980s | 8.4% | 4.0% | 24.6% | 10 |
| 1990s | 5.9% | -1.4% | 10.1% | 10 |
| 2000s | 2.4% | -0.2% | 3.6% | 10 |
| 2010s | 1.5% | -0.6% | 3.2% | 10 |
| 2020s | 2.6% | 1.6% | 4.1% | 6 |
Countries ranked near South Korea
More economy & growth data for South Korea
- DEC alternative conversion factor 1,422 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -6.93 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -4.87 billion current US$ (2025)
- Taxes less subsidies on products 185.85 trillion current LCU (2025)
- Taxes less subsidies on products 130.66 billion current US$ (2025)
- Net primary income (Net income from abroad) 45.76 trillion current LCU (2025)
- Net primary income (Net income from abroad) 32.17 billion current US$ (2025)
- GNI per capita 52.42 million current LCU (2025)
- GNI per capita, Atlas method 37,880 current US$ (2025)
- GNI 2,709.10 trillion current LCU (2025)
Frequently asked questions
- What is inflation, gdp deflator in South Korea?
- Inflation, gdp deflator in South Korea was 3.1% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in South Korea?
- The highest recorded value was 30.7% in 1974.
- What is the lowest inflation, gdp deflator recorded in South Korea?
- The lowest recorded value was -1.4% in 1999.
- How does South Korea rank for inflation, gdp deflator?
- South Korea ranks 115th out of 213 countries with data for 2025.
- Is inflation, gdp deflator rising or falling in South Korea?
- Over the last ten years it is down 3.2%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.