Productivity: output per hour worked in South Korea

South Korea: Productivity: output per hour worked was 53.61 international-$ in 2021 prices per hour in 2023. ◆ Volatile

Latest (2023)
53.61 international-$ in 2021 prices per hour
Change on year
down 1.2%
World rank
25th
of 130 countries
All-time high
54.24 international-$ in 2021 prices per hour
in 2022
All-time low
1.67 international-$ in 2021 prices per hour
in 1953
Years of data
71
1953–2023

Productivity: output per hour worked in South Korea, 1953–2023

0204060195319882023

Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices per hour.

Analysis

South Korea recorded 53.61 international-$ in 2021 prices per hour for productivity: output per hour worked 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, productivity: output per hour worked in South Korea peaked at 54.24 international-$ in 2021 prices per hour in 2022 and was at its lowest, 1.67 international-$ in 2021 prices per hour, 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.

Averages by decade

DecadeAverage LowestHighest Years
1950s 1.81 international-$ in 2021 prices per hour 1.67 international-$ in 2021 prices per hour 1.9 international-$ in 2021 prices per hour 7
1960s 2.07 international-$ in 2021 prices per hour 1.77 international-$ in 2021 prices per hour 2.54 international-$ in 2021 prices per hour 10
1970s 4.63 international-$ in 2021 prices per hour 2.81 international-$ in 2021 prices per hour 6.19 international-$ in 2021 prices per hour 10
1980s 8.4 international-$ in 2021 prices per hour 5.87 international-$ in 2021 prices per hour 12.47 international-$ in 2021 prices per hour 10
1990s 19.86 international-$ in 2021 prices per hour 13.93 international-$ in 2021 prices per hour 24.5 international-$ in 2021 prices per hour 10
2000s 31.72 international-$ in 2021 prices per hour 25.21 international-$ in 2021 prices per hour 37.67 international-$ in 2021 prices per hour 10
2010s 42.53 international-$ in 2021 prices per hour 38.42 international-$ in 2021 prices per hour 49.54 international-$ in 2021 prices per hour 10
2020s 53.35 international-$ in 2021 prices per hour 51.98 international-$ in 2021 prices per hour 54.24 international-$ in 2021 prices per hour 4

Countries ranked near South Korea

  1. 22 Taiwan 60.85 international-$ in 2021 prices per hour compare
  2. 23 Saudi Arabia 59.88 international-$ in 2021 prices per hour compare
  3. 24 Turkey 56.52 international-$ in 2021 prices per hour compare
  4. 26 Bahrain 52.47 international-$ in 2021 prices per hour compare
  5. 27 United Arab Emirates 52.13 international-$ in 2021 prices per hour compare
  6. 28 Hong Kong 51.52 international-$ in 2021 prices per hour compare

See the full ranking of 130 places →

More work & labour data for South Korea

All data for South Korea →

Frequently asked questions

What is productivity: output per hour worked in South Korea?
Productivity: output per hour worked in South Korea was 53.61 international-$ in 2021 prices per hour in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
What is the highest productivity: output per hour worked recorded in South Korea?
The highest recorded value was 54.24 international-$ in 2021 prices per hour in 2022.
What is the lowest productivity: output per hour worked recorded in South Korea?
The lowest recorded value was 1.67 international-$ in 2021 prices per hour in 1953.
How does South Korea rank for productivity: output per hour worked?
South Korea ranks 25th out of 130 countries with data for 2023.
Is productivity: output per hour worked 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 Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as part of Productivity: output per hour worked. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 71 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Productivity: output per hour worked
Unit
international-$ in 2021 prices per hour
Source
Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
130 places, 4,965 data points, 1950–2023
Last refreshed

Productivity is calculated as GDP divided by the total number of hours worked in the economy. This data is adjusted for inflation and differences in living costs between countries.