Labor market, Overall in South Korea
South Korea: Labor market, Overall was 0.6608 in 2014. ▼ Falling
Labor market, Overall in South Korea, 1973–2014
Source: International Monetary Fund.
Analysis
The most recent figure for labor market, overall in South Korea is 0.6608, measured in 2014.
That represents a change of down 6.2% over ten years.
Over the whole period, labor market, overall in South Korea peaked at 0.9112 in 1973 and was at its lowest, 0.6597, in 2008.
South Korea ranks 53rd of 90 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 42 years of available data.
Labor market, Overall in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1973 | 0.9112 | — |
| 1974 | 0.9112 | +0.0% |
| 1975 | 0.9112 | +0.0% |
| 1976 | 0.9112 | +0.0% |
| 1977 | 0.9112 | +0.0% |
| 1978 | 0.9112 | +0.0% |
| 1979 | 0.9112 | +0.0% |
| 1980 | 0.9112 | +0.0% |
| 1981 | 0.9112 | +0.0% |
| 1982 | 0.9112 | +0.0% |
| 1983 | 0.9112 | +0.0% |
| 1984 | 0.9112 | +0.0% |
| 1985 | 0.9112 | +0.0% |
| 1986 | 0.9112 | +0.0% |
| 1987 | 0.9112 | +0.0% |
| 1988 | 0.9112 | +0.0% |
| 1989 | 0.9112 | +0.0% |
| 1990 | 0.9112 | +0.0% |
| 1991 | 0.9112 | +0.0% |
| 1992 | 0.9112 | +0.0% |
| 1993 | 0.9112 | +0.0% |
| 1994 | 0.9112 | +0.0% |
| 1995 | 0.9112 | +0.0% |
| 1996 | 0.9112 | +0.0% |
| 1997 | 0.7883 | -13.5% |
| 1998 | 0.7045 | -10.6% |
| 1999 | 0.7045 | +0.0% |
| 2000 | 0.7045 | +0.0% |
| 2001 | 0.7045 | +0.0% |
| 2002 | 0.7045 | +0.0% |
| 2003 | 0.7045 | +0.0% |
| 2004 | 0.7045 | +0.0% |
| 2005 | 0.7045 | +0.0% |
| 2006 | 0.7045 | +0.0% |
| 2007 | 0.7045 | +0.0% |
| 2008 | 0.6597 | -6.4% |
| 2009 | 0.6597 | +0.0% |
| 2010 | 0.6597 | +0.0% |
| 2011 | 0.6608 | +0.2% |
| 2012 | 0.6608 | +0.0% |
| 2013 | 0.6608 | +0.0% |
| 2014 | 0.6608 | +0.0% |
South Korea compared with similar countries
- South Korea's 0.6608 is below the median for high income countries, which is 0.7179, 92% of the median. (37 countries reporting)
- South Korea's 0.6608 is below the median for East Asia & Pacific, which is 0.7425, 89% of the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.9112 | 0.9112 | 0.9112 | 7 |
| 1980s | 0.9112 | 0.9112 | 0.9112 | 10 |
| 1990s | 0.8576 | 0.7045 | 0.9112 | 10 |
| 2000s | 0.6955 | 0.6597 | 0.7045 | 10 |
| 2010s | 0.6606 | 0.6597 | 0.6608 | 5 |
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 labor market, overall in South Korea?
- Labor market, overall in South Korea was 0.6608 in 2014, according to International Monetary Fund.
- What is the highest labor market, overall recorded in South Korea?
- The highest recorded value was 0.9112 in 1973.
- What is the lowest labor market, overall recorded in South Korea?
- The lowest recorded value was 0.6597 in 2008.
- How does South Korea rank for labor market, overall?
- South Korea ranks 53rd out of 90 countries with data for 2014.
- Is labor market, overall rising or falling in South Korea?
- Over the last ten years it is down 6.2%. The long-run trend across the full record is falling.
- Where does this South Korea data come from?
- The figures come from International Monetary Fund, published as part of Labor market, Overall. Statizoid updates them automatically from the source API.
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About this data
The SRD contains data on a wide range of structural policies across different countries. These policies are things that affect how markets function, like labor laws, regulations on businesses, and trade policies.