Labor market, S1 - Redress measures in South Korea
South Korea: Labor market, S1 - Redress measures was 0.3985 in 2014. ▼ Falling
Labor market, S1 - Redress measures in South Korea, 1973–2014
Source: International Monetary Fund.
Analysis
In 2014, labor market, s1 - redress measures in South Korea stood at 0.3985. That is the lowest value across all 42 years on record.
Compared with earlier readings it is down 25.1% over ten years.
Over the whole period, labor market, s1 - redress measures in South Korea peaked at 1 in 1973 and was at its lowest, 0.3985, in 2008.
That places South Korea 78th out of 90 countries with data for 2014, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 42 years of available data.
Labor market, S1 - Redress measures in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1973 | 1 | — |
| 1974 | 1 | +0.0% |
| 1975 | 1 | +0.0% |
| 1976 | 1 | +0.0% |
| 1977 | 1 | +0.0% |
| 1978 | 1 | +0.0% |
| 1979 | 1 | +0.0% |
| 1980 | 1 | +0.0% |
| 1981 | 1 | +0.0% |
| 1982 | 1 | +0.0% |
| 1983 | 1 | +0.0% |
| 1984 | 1 | +0.0% |
| 1985 | 1 | +0.0% |
| 1986 | 1 | +0.0% |
| 1987 | 1 | +0.0% |
| 1988 | 1 | +0.0% |
| 1989 | 1 | +0.0% |
| 1990 | 1 | +0.0% |
| 1991 | 1 | +0.0% |
| 1992 | 1 | +0.0% |
| 1993 | 1 | +0.0% |
| 1994 | 1 | +0.0% |
| 1995 | 1 | +0.0% |
| 1996 | 1 | +0.0% |
| 1997 | 0.5322 | -46.8% |
| 1998 | 0.5322 | +0.0% |
| 1999 | 0.5322 | +0.0% |
| 2000 | 0.5322 | +0.0% |
| 2001 | 0.5322 | +0.0% |
| 2002 | 0.5322 | +0.0% |
| 2003 | 0.5322 | +0.0% |
| 2004 | 0.5322 | +0.0% |
| 2005 | 0.5322 | +0.0% |
| 2006 | 0.5322 | +0.0% |
| 2007 | 0.5322 | +0.0% |
| 2008 | 0.3985 | -25.1% |
| 2009 | 0.3985 | +0.0% |
| 2010 | 0.3985 | +0.0% |
| 2011 | 0.3985 | +0.0% |
| 2012 | 0.3985 | +0.0% |
| 2013 | 0.3985 | +0.0% |
| 2014 | 0.3985 | +0.0% |
South Korea compared with similar countries
- South Korea's 0.3985 is below the median for high income countries, which is 0.6332, 63% of the median. (37 countries reporting)
- South Korea's 0.3985 is below the median for East Asia & Pacific, which is 0.4492, 89% of the median. (12 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1 | 1 | 1 | 7 |
| 1980s | 1 | 1 | 1 | 10 |
| 1990s | 0.8597 | 0.5322 | 1 | 10 |
| 2000s | 0.5055 | 0.3985 | 0.5322 | 10 |
| 2010s | 0.3985 | 0.3985 | 0.3985 | 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, s1 - redress measures in South Korea?
- Labor market, s1 - redress measures in South Korea was 0.3985 in 2014, according to International Monetary Fund.
- What is the highest labor market, s1 - redress measures recorded in South Korea?
- The highest recorded value was 1 in 1973.
- What is the lowest labor market, s1 - redress measures recorded in South Korea?
- The lowest recorded value was 0.3985 in 2008.
- How does South Korea rank for labor market, s1 - redress measures?
- South Korea ranks 78th out of 90 countries with data for 2014.
- Is labor market, s1 - redress measures rising or falling in South Korea?
- Over the last ten years it is down 25.1%. 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, S1 - Redress measures. 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.