Korea (South Korea) Output Gap, Percent of Potential GDP Statistics

25, Mar 2019, EDT.

Welcome to the beta version of Econ Stats, the Economic Statistics Database service provided by EconomyWatch.com.

Country or Region: Korea (South Korea) › Change country
Economic Indicator: Output Gap, Percent of Potential GDP › See all Korea indicators, › See Output Gap, Percent of Potential GDP data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: South Korean Won
Currency Symbol: KRW

Output gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty. See notes for: Gross domestic product, constant prices (National currency).

Output Gap, Percent of Potential GDP Statistics for Korea (South Korea), Year 2015 - In Detail

Output Gap, Percent of Potential GDP for Korea in year 2015 is -1.285 %. Output gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty.

This makes Korea No. 14 in world rankings according to Output Gap, Percent of Potential GDP in year 2015. The world's average Output Gap, Percent of Potential GDP value is -0.23 %; Korea is 1.06 less than the average.

In the previous year, 2014, Output Gap, Percent of Potential GDP for Korea was -0.90 % Output Gap, Percent of Potential GDP for Korea in 2015 was or will be 42.78% more than it was or will be in 2014.

In the following or forecasted year, 2016, Output Gap, Percent of Potential GDP for Korea was or will be -1.45 %, which is 12.84% more than the 2015 figure.

* Source: IMF
Output Gap, Percent of Potential GDP for Korea, in other Years
Year %
  2021 n/a
  2020 n/a
  2019 n/a
  2018 n/a
  2017 -1.339
  2016 -1.45
2015 -1.285
  2014 -0.9
  2013 -0.7
  2012 -0.2
  2011 0.9
  2010 0.7
  2009 -2
  2008 1
  2007 2.072
  2006 0.745
  2005 -0.137
  2004 0.346
  2003 0.064
  2002 1.869
  2001 -0.457
  2000 0.139
  1999 -3.187
  1998 -8.293
  1997 2.425
  1996 2.319
  1995 0.927
  1994 -1.892
  1993 -3.932
  1992 -3.42
  1991 -1.775
  1990 -3.273
  1989 -4.552
  1988 -2.859
  1987 -5.143
  1986 -7.616
  1985 -8.898
  1984 -7.25
  1983 -7.954
  1982 -11.069
  1981 -10.353
  1980 -8.957