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South Korea GDP deflator 2026: Interactive Chart & Historical Data

GDP deflator in South Korea stood at 115 in 2025, according to World Bank. The latest value is up 3.1% from 111.5 in 2024. Ten years earlier, in 2015, the value was 94.6 (up 22% since). The latest value is the highest since 1960; the lowest was 0.808 in 1960. South Korea ranked 159th highest of the 186 countries in this dataset in 2025; Sudan ranked first.

Data source: World Bank · Unit: index · Category: Macroeconomics · Explore more indicators on EconDash

Data updated:Last checked:Frequency:AnnualCoverage:1960–2025
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What is GDP deflator?

GDP deflator, measured in index, tracks changes in the price level of goods and services in South Korea. It serves as a primary gauge of purchasing power and cost of living, directly affecting consumer budgets, wage negotiations, and central bank interest rate decisions. Economists distinguish between "headline" inflation (all items) and "core" inflation (excluding volatile food and energy prices) to better understand underlying price trends. In South Korea, this metric is calculated by statistical agencies through regular surveys of thousands of retail prices across urban and rural areas. The resulting index allows comparisons over time: a value of 120 compared to a base of 100 means prices have risen 20% since the base period. Policymakers typically target a modest positive inflation rate (often around 2%) rather than zero, believing this encourages spending and investment while providing a buffer against deflation.

Key facts

What is the latest GDP deflator in South Korea?

GDP deflator in South Korea stood at 115 in 2025, according to World Bank.

Is GDP deflator in South Korea rising or falling?

The latest value is up 3.1% from 111.5 in 2024. Ten years earlier, in 2015, the value was 94.6 (up 22% since).

How does South Korea rank for GDP deflator?

South Korea ranked 159th highest of the 186 countries in this dataset in 2025; Sudan ranked first.

What is the highest GDP deflator on record in South Korea?

The latest value is the highest since 1960; the lowest was 0.808 in 1960.

Metadata for GDP deflator in South Korea
IndicatorGDP deflator
CountrySouth Korea
CategoryMacroeconomics
Unitindex
SourceWorld Bank
Interactive chartView on EconDash
API accessEconDash API documentation

Current rate: 115 (2025)

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Source:World Bank — series NY.GDP.DEFL.ZS
License:CC BY 4.0
Cite this chart
APA

World Bank. (2026). GDP deflator — South Korea [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/gdp-deflator/KOR. Original source: https://data.worldbank.org/indicator/NY.GDP.DEFL.ZS?locations=KR

MLA

World Bank. "GDP deflator — South Korea." EconDash, 2026, https://econdash.org/chart/gdp-deflator/KOR. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/NY.GDP.DEFL.ZS?locations=KR.

Chicago

World Bank. 2026. "GDP deflator — South Korea." EconDash. Accessed November 13, 2026. https://econdash.org/chart/gdp-deflator/KOR. Original source: https://data.worldbank.org/indicator/NY.GDP.DEFL.ZS?locations=KR.

BibTeX
@misc{econdash_gdp_deflator_kor,
  author = {{World Bank}},
  title = {{GDP deflator --- South Korea}},
  howpublished = {EconDash},
  year = {2026},
  url = {https://econdash.org/chart/gdp-deflator/KOR},
  note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/NY.GDP.DEFL.ZS?locations=KR}
}