Productivity in South Korea decreased to 107.40 points in the third quarter of 2024 from 109.70 points in the second quarter of 2024. Productivity in South Korea averaged 89.25 points from 2000 until 2024, reaching an all time high of 112.40 points in the fourth quarter of 2023 and a record low of 53.50 points in the first quarter of 2000. source: Korea Productivity Center




Related Last Previous Unit Reference
Employed Persons 28821.00 28847.00 Thousand Nov 2024
Employment Change 0.40 0.30 Percent Nov 2024
Employment Rate 63.20 63.30 percent Nov 2024
Labor Force Participation Rate 64.60 64.70 percent Nov 2024
Minimum Wages 9860.00 9620.00 KRW/Hour Dec 2024
Population 51.71 51.67 Million Dec 2023
Productivity 107.40 109.70 points Sep 2024
Retirement Age Men 60.00 60.00 Years Dec 2024
Retirement Age Women 60.00 60.00 Years Dec 2024
Unemployed Persons 656.00 678.00 Thousand Nov 2024
Unemployment Rate 2.70 2.70 percent Nov 2024
Wages 4517147.00 4176459.00 KRW/Month Sep 2024
Wages in Manufacturing 5076250.00 4608854.00 KRW/Month Sep 2024
Youth Unemployment Rate 5.50 5.50 percent Nov 2024

South Korea Productivity
In South Korea, Productivity is the real value of output produced by a unit of labor during a certain time.
Actual Previous Highest Lowest Dates Unit Frequency
107.40 109.70 112.40 53.50 2000 - 2024 points Quarterly
NSA, 2020=100