Korea, Dem. People's Rep.—Real GDP Growth (%)
Category: EconomySource: IMF World Economic Outlook
Top Countries — Real GDP Growth (%)
About This Indicator
Definition
Real GDP growth is the annual percentage change in GDP after adjusting for inflation. It measures the actual increase in economic output and is the primary indicator of economic expansion or contraction.
Methodology
Calculated as the percentage change in real GDP (GDP at constant prices) from one year to the next. Real GDP removes the effect of price changes by using a base year's prices (or chain-linked volumes). The IMF calculates this from national accounts data submitted by member countries.
Unit
Percent change