Productivity in South Korea increased to 113.50 points in the third quarter of 2020 from 111 points in the second quarter of 2020. source: Korea Productivity Center

Productivity in South Korea averaged 90.36 points from 2000 until 2020, reaching an all time high of 115.80 points in the fourth quarter of 2019 and a record low of 53.50 points in the first quarter of 2000. This page provides - South Korea Productivity - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Productivity - values, historical data and charts - was last updated on April of 2021.

Productivity in South Korea is expected to be 19.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Productivity in South Korea to stand at 19.60 in 12 months time. In the long-term, the South Korea Productivity is projected to trend around 19.60 points in 2022, according to our econometric models.

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South Korea Productivity

Actual Previous Highest Lowest Dates Unit Frequency
113.50 111.00 115.80 53.50 2000 - 2020 points Quarterly
NSA, 2015=100

South Korea Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.90 4.00 7.10 3.00 percent [+]
Employed Persons 27145.00 27017.00 27508.00 20268.00 Thousand [+]
Unemployed Persons 1095.00 1127.00 1546.00 695.00 Thousand [+]
Labor Force Participation Rate 62.50 61.60 64.20 48.50 percent [+]
Labour Costs 109.30 104.00 129.90 69.00 points [+]
Productivity 113.50 111.00 115.80 53.50 points [+]
Wages 3868678.00 3895894.00 4021244.00 2460239.00 KRW/Month [+]
Wages in Manufacturing 4248573.00 4232213.00 4654149.00 2520139.00 KRW/Month [+]
Minimum Wages 8720.00 8590.00 8720.00 600.00 KRW/Hour [+]
Population 51.78 51.71 51.78 25.01 Million [+]
Retirement Age Women 62.00 60.00 62.00 55.00 [+]
Retirement Age Men 62.00 60.00 62.00 55.00 [+]
Youth Unemployment Rate 10.00 9.30 13.40 3.80 percent [+]
Employment Rate 57.40 59.10 61.70 56.10 percent [+]


South Korea Productivity
In South Korea, Productivity is the real value of output produced by a unit of labor during a certain time.