South Korea Merchandise Trade (% of GDP) (2024)
South Korea's Merchandise Trade (% of GDP): 70.1 % of GDP in 2024, +1pp YoY. World Bank (TG.VAL.TOTL.GD.ZS), 1990–2024.
South Korea (2024)
70.1
% of GDP
+1pp YoY
YoY Change
+1pp
percentage points
Trend
up
Series length
35
years of data
Data
| Year | % of GDP | YoY Change |
|---|---|---|
| 2024 | 70.1 | +1pp |
| 2023 | 69.1 | -9.5pp |
| 2022 | 78.6 | +13.8pp |
| 2021 | 64.8 | +8.6pp |
| 2020 | 56.2 | -3.5pp |
| 2019 | 59.7 | -2.8pp |
| 2018 | 62.5 | +1pp |
| 2017 | 61.5 | +4.4pp |
| 2016 | 57.1 | -5.5pp |
| 2015 | 62.6 | -8pp |
| 2014 | 70.6 | -4.3pp |
| 2013 | 74.9 | -5pp |
| 2012 | 79.9 | -2.7pp |
| 2011 | 82.6 | +7.9pp |
| 2010 | 74.7 | +4.9pp |
| 2009 | 69.8 | -8.7pp |
| 2008 | 78.5 | +18.9pp |
| 2007 | 59.7 | +1.7pp |
| 2006 | 58 | +1.8pp |
| 2005 | 56.2 | n/a |
About this Dataset
South Korea recorded 70.1 % of GDP in 2024. The most recent year-on-year change was +1.0pp. The historical series (1990–2024) shows a peak of 82.6 in 2011 and a trough of 40.9 in 1993.
Data sourced from World Bank Open Data API. Values use World Bank standardised methodology ensuring cross-country comparability.
The chart above shows the full historical trend; the table below lists annual values with year-on-year changes.
Frequently Asked Questions
This indicator tracks south korea merchandise trade (% of gdp) in South Korea, published by World Bank. Data covers 1990–2024 at annual frequency using harmonised methodology.
The most recent observation covers 2024. World Bank typically publishes this series with a lag of several months after the reference period. Data is updated annual.
The series peaked at 82.6 % of GDP in 2011 and reached its lowest recorded value of 40.9 in 1993. The latest reading of 70.1 in 2024 represents a year-on-year change of +1.0pp.