South Korea Labor Productivity Output 2023: $53.61
South Korea's labor productivity output in 2023 is $53.61, down 1.2% from 2022. It ranks #25 of 129 countries.
Labor productivity output measures economic efficiency by calculating GDP per hour worked in each country.
Source (2023): Productivity: output per hour worked | Our World in Data
Where South Korea ranks (2023)
#25 of 129- #23
Saudi Arabia59.88 USD - #24
Turkey56.52 USD - #25
South Korea53.61 USD - #26
Bahrain52.47 USD - #27
United Arab Emirates52.13 USD
Labor Productivity Output over time
| Year | Value | Change | % Change | Actions |
|---|---|---|---|---|
| 2023 | 53.61 USD | 0.63 USD | -1.17% | |
| 2022 | 54.24 USD | +0.66 USD | +1.23% | |
| 2021 | 53.58 USD | +1.6 USD | +3.07% | |
| 2020 | 51.98 USD | +2.44 USD | +4.93% | |
| 2019 | 49.54 USD | +1.97 USD | +4.13% | |
| 2018 | 47.58 USD | +2.16 USD | +4.75% | |
| 2017 | 45.42 USD | +2.15 USD | +4.96% | |
| 2016 | 43.28 USD | +1.43 USD | +3.41% | |
| 2015 | 41.85 USD | +1.82 USD | +4.55% | |
| 2014 | 40.03 USD | +1.61 USD | +4.20% | |
| 2013 | 38.42 USD | 1.18 USD | -2.97% | |
| 2012 | 39.59 USD | 0.12 USD | -0.30% | |
| 2011 | 39.71 USD | 0.19 USD | -0.47% | |
| 2010 | 39.9 USD | +2.5 USD | +6.68% | |
| 2009 | 37.4 USD | 0.26 USD | -0.70% | |
| 2008 | 37.67 USD | +1.29 USD | +3.54% | |
| 2007 | 36.38 USD | +2.09 USD | +6.09% | |
| 2006 | 34.29 USD | +0.78 USD | +2.31% | |
| 2005 | 33.51 USD | +2.82 USD | +9.20% | |
| 2004 | 30.69 USD | +1.68 USD | +5.79% | |
| 2003 | 29.01 USD | +1.58 USD | +5.75% | |
| 2002 | 27.43 USD | +1.78 USD | +6.93% | |
| 2001 | 25.65 USD | — | — |
Frequently Asked Questions About South Korea Labor Productivity Output
What is South Korea's labor productivity output in 2023?▾
South Korea's labor productivity output is $53.61 in 2023, according to Productivity: output per hour worked | Feenstra et al. – Penn World Table via Our World in Data.
Is South Korea's labor productivity output increasing or decreasing?▾
South Korea's labor productivity output fell by 1.2% from 2022 ($54.24) to 2023 ($53.61). Over the past decade (2013–2023) it rose by 39.5%.
How does South Korea rank for labor productivity output?▾
In 2023, South Korea has the 25th highest labor productivity output out of 129 countries with data.
What was South Korea's labor productivity output in 2001?▾
In 2001, South Korea's labor productivity output was $25.65. By 2023 it rose by 109.0%.
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