Korea, Rep.: Exports of goods and services (% of GDP)
In , Korea, Rep.'s Exports of goods and services (% of GDP) was 44.36.
That's up 7.3% from 2023, the highest value since .
The global average for this indicator in 2024 was 44.26 . Korea, Rep. ranks #56 globally out of 160 reporting countries. Within East Asia & Pacific, it ranks #11 of 24.
Source: World Bank Open Data (NE.EXP.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 52.02
- Trough
- 34.13
- 1-year change
- +7.3%
- 5-year change
- +19.8%
- +3.7% / yr
- 10-year change
- -3.1%
- -0.3% / yr
Historical Data — Last 10 Years
| Year | Exports of goods and services (% of GDP) |
|---|---|
| 44.3582 | |
| 41.3215 | |
| 45.2949 | |
| 39.3388 | |
| 34.6152 | |
| 37.0413 | |
| 39.4524 | |
| 38.8489 | |
| 38.1130 | |
| 40.9681 |
About Exports of goods and services (% of GDP)
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.EXP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Korea, Rep.'s Exports of goods and services (% of GDP) in 2024?
- In 2024, Korea, Rep.'s Exports of goods and services (% of GDP) was 44.36, according to World Bank Open Data.
- Is Korea, Rep.'s Exports of goods and services (% of GDP) rising or falling?
- Korea, Rep.'s Exports of goods and services (% of GDP) rose 7.3% from 2023 to 2024.
- How does Korea, Rep. rank globally on Exports of goods and services (% of GDP)?
- In 2024, Korea, Rep. ranked #56 out of 160 countries reporting Exports of goods and services (% of GDP).
- How does Korea, Rep.'s Exports of goods and services (% of GDP) compare to the world average?
- The global average for Exports of goods and services (% of GDP) in 2024 was 44.26, so Korea, Rep. is above the world average. Within East Asia & Pacific, it ranks #11 of 24.
- What is Exports of goods and services (% of GDP) and how is it measured?
- Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.EXP.GNFS.ZS), CC BY 4.0.