Labor share of gdp in Korea, Democratic People's Republic of
Korea, Democratic People's Republic of: Labor share of gdp was 42.3 in 2020. ▬ Flat
Latest (2020)
42.3
Change on year
down 1.4%
World rank
136th
of 186 countries
All-time high
44.5
in 2018
All-time low
41.6
in 2016
Years of data
17
2004–2020
Labor share of gdp in Korea, Democratic People's Republic of, 2004–2020
Source: Our World in Data.
Analysis
Korea, Democratic People's Republic of recorded 42.3 for labor share of gdp in 2020.
That represents a change of down 1.4% on the previous year and down 2.1% over ten years.
Over the whole period, labor share of gdp in Korea, Democratic People's Republic of peaked at 44.5 in 2018 and was at its lowest, 41.6, in 2016.
That places Korea, Democratic People's Republic of 136th out of 186 countries with data for 2020, putting it in the middle of the range.
Labor share of gdp in Korea, Democratic People's Republic of, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 42.3 | — |
| 2005 | 41.7 | -1.4% |
| 2006 | 43.4 | +4.1% |
| 2007 | 43.5 | +0.2% |
| 2008 | 41.9 | -3.7% |
| 2009 | 43.4 | +3.6% |
| 2010 | 43.2 | -0.5% |
| 2011 | 42.8 | -0.9% |
| 2012 | 42.6 | -0.5% |
| 2013 | 42.6 | +0.0% |
| 2014 | 42.7 | +0.2% |
| 2015 | 43.4 | +1.6% |
| 2016 | 41.6 | -4.1% |
| 2017 | 44.3 | +6.5% |
| 2018 | 44.5 | +0.5% |
| 2019 | 42.9 | -3.6% |
| 2020 | 42.3 | -1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 42.7 | 41.7 | 43.5 | 6 |
| 2010s | 43.06 | 41.6 | 44.5 | 10 |
| 2020s | 42.3 | 42.3 | 42.3 | 1 |
Countries ranked near Korea, Democratic People's Republic of
More work & labour data for Korea, Democratic People's Republic of
- Labour force (ILO modelled estimates) 17,790 (2027)
- Labour force participation rate (ILO modelled estimates) 82.13 (2027)
- Persons outside the labour force (ILO modelled estimates) 3,871 (2027)
- Labour force (ILO modelled estimates) (15+), annual growth rate 0.2604 % change on previous year (2027)
- Employment-to-population ratio (ILO modelled estimates) 79.21 (2027)
- Persons outside the labour force (ILO modelled estimates) (15+) 0.3313 % change on previous year (2027)
- Labor force participation rate, male (% of male population ages 15-64) 91.2% (2025)
- Labor force participation rate for ages 15-24, female (%) 81.9% (2025)
- Labor force participation rate, female (% of female population ages) 87.3% (2025)
- Labor force participation rate for ages 15-24, male (%) 75.2% (2025)
Frequently asked questions
- What is labor share of gdp in Korea, Democratic People's Republic of?
- Labor share of gdp in Korea, Democratic People's Republic of was 42.3 in 2020, according to Our World in Data.
- What is the highest labor share of gdp recorded in Korea, Democratic People's Republic of?
- The highest recorded value was 44.5 in 2018.
- What is the lowest labor share of gdp recorded in Korea, Democratic People's Republic of?
- The lowest recorded value was 41.6 in 2016.
- How does Korea, Democratic People's Republic of rank for labor share of gdp?
- Korea, Democratic People's Republic of ranks 136th out of 186 countries with data for 2020.
- Is labor share of gdp rising or falling in Korea, Democratic People's Republic of?
- Over the last ten years it is down 2.1%. The long-run trend across the full record is flat.
- Where does this Korea, Democratic People's Republic of data come from?
- The figures come from Our World in Data, published as part of Labor share of gdp. Statizoid updates them automatically from the source API.
Download this data
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