Labor productivity per hour pennworldtable in South Korea
South Korea: Labor productivity per hour pennworldtable was 53.61 in 2023. ◆ Volatile
Latest (2023)
53.61
Change on year
down 1.2%
World rank
25th
of 130 countries
All-time high
54.24
in 2022
All-time low
1.67
in 1953
Years of data
71
1953–2023
Labor productivity per hour pennworldtable in South Korea, 1953–2023
Source: Our World in Data.
Analysis
South Korea recorded 53.61 for labor productivity per hour pennworldtable in 2023.
Compared with earlier readings it is down 1.2% on the previous year and up 39.5% over ten years.
Over the whole period, labor productivity per hour pennworldtable in South Korea peaked at 54.24 in 2022 and was at its lowest, 1.67, in 1953.
That places South Korea 25th out of 130 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Labor productivity per hour pennworldtable in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1953 | 1.67 | — |
| 1954 | 1.71 | +2.1% |
| 1955 | 1.8 | +5.5% |
| 1956 | 1.8 | -0.2% |
| 1957 | 1.9 | +5.6% |
| 1958 | 1.9 | +0.3% |
| 1959 | 1.87 | -1.6% |
| 1960 | 1.82 | -2.8% |
| 1961 | 1.85 | +1.5% |
| 1962 | 1.77 | -4.2% |
| 1963 | 1.88 | +6.1% |
| 1964 | 2.08 | +10.6% |
| 1965 | 2 | -4.0% |
| 1966 | 2.22 | +11.3% |
| 1967 | 2.24 | +0.8% |
| 1968 | 2.34 | +4.6% |
| 1969 | 2.54 | +8.3% |
| 1970 | 2.81 | +10.8% |
| 1971 | 3.18 | +13.1% |
| 1972 | 3.42 | +7.6% |
| 1973 | 3.98 | +16.3% |
| 1974 | 4.58 | +15.1% |
| 1975 | 5.2 | +13.4% |
| 1976 | 5.33 | +2.6% |
| 1977 | 5.66 | +6.2% |
| 1978 | 5.93 | +4.8% |
| 1979 | 6.19 | +4.4% |
| 1980 | 5.87 | -5.2% |
| 1981 | 6.09 | +3.7% |
| 1982 | 6.36 | +4.5% |
| 1983 | 7.06 | +11.0% |
| 1984 | 7.82 | +10.8% |
| 1985 | 8 | +2.3% |
| 1986 | 9.02 | +12.7% |
| 1987 | 10.04 | +11.3% |
| 1988 | 11.27 | +12.2% |
| 1989 | 12.47 | +10.7% |
| 1990 | 13.93 | +11.7% |
| 1991 | 15.49 | +11.2% |
| 1992 | 16.6 | +7.2% |
| 1993 | 17.9 | +7.8% |
| 1994 | 19.65 | +9.8% |
| 1995 | 21.4 | +8.9% |
| 1996 | 23.49 | +9.8% |
| 1997 | 23.13 | -1.5% |
| 1998 | 22.51 | -2.7% |
| 1999 | 24.5 | +8.8% |
| 2000 | 25.21 | +2.9% |
| 2001 | 25.65 | +1.8% |
| 2002 | 27.43 | +6.9% |
| 2003 | 29.01 | +5.7% |
| 2004 | 30.69 | +5.8% |
| 2005 | 33.51 | +9.2% |
| 2006 | 34.29 | +2.3% |
| 2007 | 36.38 | +6.1% |
| 2008 | 37.67 | +3.5% |
| 2009 | 37.4 | -0.7% |
| 2010 | 39.9 | +6.7% |
| 2011 | 39.71 | -0.5% |
| 2012 | 39.59 | -0.3% |
| 2013 | 38.42 | -3.0% |
| 2014 | 40.03 | +4.2% |
| 2015 | 41.85 | +4.5% |
| 2016 | 43.28 | +3.4% |
| 2017 | 45.42 | +5.0% |
| 2018 | 47.58 | +4.8% |
| 2019 | 49.54 | +4.1% |
| 2020 | 51.98 | +4.9% |
| 2021 | 53.58 | +3.1% |
| 2022 | 54.24 | +1.2% |
| 2023 | 53.61 | -1.2% |
South Korea compared with similar countries
- South Korea's 53.61 is above the median for high income countries, which is 51.52, 1.0× the median. (51 countries reporting)
- South Korea's 53.61 is above the median for East Asia & Pacific, which is 24.39, 2.2× the median. (14 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 1.81 | 1.67 | 1.9 | 7 |
| 1960s | 2.07 | 1.77 | 2.54 | 10 |
| 1970s | 4.63 | 2.81 | 6.19 | 10 |
| 1980s | 8.4 | 5.87 | 12.47 | 10 |
| 1990s | 19.86 | 13.93 | 24.5 | 10 |
| 2000s | 31.72 | 25.21 | 37.67 | 10 |
| 2010s | 42.53 | 38.42 | 49.54 | 10 |
| 2020s | 53.35 | 51.98 | 54.24 | 4 |
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 productivity per hour pennworldtable in South Korea?
- Labor productivity per hour pennworldtable in South Korea was 53.61 in 2023, according to Our World in Data.
- What is the highest labor productivity per hour pennworldtable recorded in South Korea?
- The highest recorded value was 54.24 in 2022.
- What is the lowest labor productivity per hour pennworldtable recorded in South Korea?
- The lowest recorded value was 1.67 in 1953.
- How does South Korea rank for labor productivity per hour pennworldtable?
- South Korea ranks 25th out of 130 countries with data for 2023.
- Is labor productivity per hour pennworldtable rising or falling in South Korea?
- Over the last ten years it is up 39.5%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Our World in Data, published as part of Labor productivity per hour pennworldtable. Statizoid updates them automatically from the source API.
Download this data
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