Full-time equivalent employment (ILO modelled estimates) (Based on 40) in South Korea
South Korea: Full-time equivalent employment (ILO modelled estimates) (Based on 40) was 26,981 in 2027. ▬ Flat
Full-time equivalent employment (ILO modelled estimates) in South Korea, 2005–2027
Source: International Labour Organization.
Analysis
The most recent figure for full-time equivalent employment (ilo modelled estimates) in South Korea is 26,981, measured in 2027.
The figure is down 0.3% on the previous year and down 6.3% over ten years.
Over the whole period, full-time equivalent employment (ilo modelled estimates) in South Korea peaked at 28,806 in 2017 and was at its lowest, 26,357, in 2020.
South Korea ranks 23rd of 188 countries on this measure, in the top quarter.
Full-time equivalent employment (ILO modelled estimates) (Based on 40) in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 27,253 | — |
| 2006 | 27,473 | +0.8% |
| 2007 | 27,346 | -0.5% |
| 2008 | 26,836 | -1.9% |
| 2009 | 26,645 | -0.7% |
| 2010 | 26,557 | -0.3% |
| 2011 | 26,407 | -0.6% |
| 2012 | 27,510 | +4.2% |
| 2013 | 27,130 | -1.4% |
| 2014 | 28,403 | +4.7% |
| 2015 | 28,705 | +1.1% |
| 2016 | 28,593 | -0.4% |
| 2017 | 28,806 | +0.7% |
| 2018 | 28,030 | -2.7% |
| 2019 | 27,754 | -1.0% |
| 2020 | 26,357 | -5.0% |
| 2021 | 26,554 | +0.7% |
| 2022 | 26,946 | +1.5% |
| 2023 | 27,739 | +2.9% |
| 2024 | 27,025 | -2.6% |
| 2025 | 27,088 | +0.2% |
| 2026 | 27,054 | -0.1% |
| 2027 | 26,981 | -0.3% |
South Korea compared with similar countries
- South Korea's 26,981 is above the median for high income countries, which is 2,776, 9.7× the median. (62 countries reporting)
- South Korea's 26,981 is above the median for East Asia & Pacific, which is 3,881, 7.0× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 27,111 | 26,645 | 27,473 | 5 |
| 2010s | 27,789 | 26,407 | 28,806 | 10 |
| 2020s | 26,968 | 26,357 | 27,739 | 8 |
Countries ranked near South Korea
More work & labour data for South Korea
- Persons outside the labour force (ILO modelled estimates) 16,840 (2027)
- Labour force participation rate (ILO modelled estimates) 63.91 (2027)
- Labour force (ILO modelled estimates) 29,824 (2027)
- Unemployment rate (ILO modelled estimates) 2.96 (2027)
- Labour dependency ratio 0.78 (2027)
- Output per worker, GDP constant 2021 international $ at PPP 97,052 (2027)
- Output per worker, GDP constant 2015 US $ 65,686 (2027)
- Employment-to-population ratio (ILO modelled estimates) 62.02 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 0.9719 % change on previous year (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate -0.1065 % change on previous year (2027)
Frequently asked questions
- What is full-time equivalent employment (ilo modelled estimates) in South Korea?
- Full-time equivalent employment (ilo modelled estimates) in South Korea was 26,981 in 2027, according to International Labour Organization.
- What is the highest full-time equivalent employment (ilo modelled estimates) recorded in South Korea?
- The highest recorded value was 28,806 in 2017.
- What is the lowest full-time equivalent employment (ilo modelled estimates) recorded in South Korea?
- The lowest recorded value was 26,357 in 2020.
- How does South Korea rank for full-time equivalent employment (ilo modelled estimates)?
- South Korea ranks 23rd out of 188 countries with data for 2027.
- Is full-time equivalent employment (ilo modelled estimates) rising or falling in South Korea?
- Over the last ten years it is down 6.3%. The long-run trend across the full record is flat.
- Where does this South Korea data come from?
- The figures come from International Labour Organization, published as part of Full-time equivalent employment (ILO modelled estimates) (Based on 40 hours per week). Statizoid updates them automatically from the source API.
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About this data
Imputed observations are not based on national data, are subject to high uncertainty and should not be used for country comparisons or rankings. This series is based on the 13th ICLS definitions. This indicator refers to total weekly hours actually worked for employed persons in their main job divided by 40 or 48. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.