Macroscope
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South Korea

Asia

All indicators of the Macroscope base for South Korea, with sources. Below: what past UN and IMF releases projected and what actually happened.

What the data shows

Computed with the same code as the observations under the main chart and in the API (get_insights). Moving together in time does not prove a cause.

How the indicators changed

  • Fertility (TFR): 6.06 in 1950 → 0.80 in 2025 (−87%). Low: 0.72 in 2023; +11% since then. Thresholds: below 2.1 since 1984, below 1.5 since 1998, below 1.0 since 2018. The trend broke around 1958 and 1985: +0.01 → −0.16 → −0.02 a year.
  • Births: 785k in 1950 → 254k in 2025 (−68%). Peak: 1.1M in 1960; the latest value is 77% lower. The trend broke around 1959: direction reversed (+34.4k → −12.8k a year).
  • Population: 19.8M in 1950 → 51.7M in 2023 (×2.6). The trend broke around 1991: change slowed down (+544k → +252k a year).
  • Internet: 0% in 1990 → 97.9% in 2024 (+98 pp). Thresholds: above 10% since 1999, above 50% since 2001, above 90% since 2016. Fastest growth in 1998–2003: 6.8% → 65.5%.
  • Urban share: 27.7% in 1960 → 81.2% in 2025 (+53 pp). Thresholds: above 50% since 1977, above 75% since 1991. The trend broke around 1993: change slowed down (+1.6 → +0.29 a year).
  • GDP per person (PPP): 14,378 PPP dollars in 1990 → 55,697 PPP dollars in 2025 (×3.9).
  • GDP growth: on average 9.0% in the 1980s, 7.4% in the 1990s, 4.9% in the 2000s, 3.5% in the 2010s, 1.9% in the 2020s. Lowest: −4.9% in 1998; highest: 13.5% in 1983.
  • Inflation: on average 8.4% in the 1980s, 5.7% in the 1990s, 3.1% in the 2000s, 1.7% in the 2010s, 2.7% in the 2020s. Lowest: 0.4% in 2019; highest: 28.7% in 1980.

What changed at the same time

  • The fastest decline of "Fertility (TFR)" was in 1968–1978: 4.51 → 2.70. Over the same years: births 958k → 773k; population 31.2M → 37.3M; urban share 36.5% → 53.1%; no data for the others in those years.
  • Over the last 10 years (2015–2025): fertility (TFR) 1.20 → 0.80; births 425k → 254k; population 51M (2015); internet 89.9% → 97.9%; urban share 81.6% → 81.2%; GDP per person (PPP) 44,849 PPP dollars → 55,697 PPP dollars; GDP growth 2.9% → 1%; inflation 0.7% → 2.1%.

How the indicators relate

  • Fertility (TFR) and internet (1990–2024, 35 years): levels are strongly related, in opposite directions (r = −0.91); year-to-year changes show no reliable link (r = −0.17). This looks like a shared trend: both change over time, but not in step from year to year.
  • Fertility (TFR) and urban share (1960–2025, 66 years): levels are strongly related, in opposite directions (r = −0.98); year-to-year changes show no reliable link (r = 0.20). This looks like a shared trend: both change over time, but not in step from year to year.
  • Fertility (TFR) and GDP per person (PPP) (1990–2025, 36 years): levels are strongly related, in opposite directions (r = −0.94); year-to-year changes show no reliable link (r = 0.15). This looks like a shared trend: both change over time, but not in step from year to year.

Forecasts vs actual

  • Fertility (TFR): past UN projections. The outcome was below the projection in 12 of 12 revisions (1998–2022) and above in none; median gap −45%.
  • Fertility (TFR): UN 2024 projection (medium): 2050 — 1.03 (+28% vs 2025), 2100 — 1.30 (+62% vs 2025); low variant for 2100: 0.80.
  • Births: past UN projections. The outcome was below the projection in 12 of 12 revisions (1998–2022) and above in none; median gap −45%.
  • The UN 2004 projection did not expect today's level (254k, 2025) before its horizon ended (2047).
  • The UN 2017 projection did not expect today's level (254k, 2025) before its horizon ended (2097).
  • National statistics for 2025: 254k, 3% above the UN 2024 medium variant (246k).
  • Births: UN 2024 projection (medium): 2050 — 211k (−17% vs 2025), 2100 — 119k (−53% vs 2025); low variant for 2100: 31.8k.
  • Population: past UN projections. The outcome was below the projection in 4 of 12 revisions (1998–2022) and above in 8; median gap +0.8%.
  • Population: UN 2024 projection (medium): 2050 — 45.1M (−13% vs 2023), 2100 — 21.8M (−58% vs 2023); low variant for 2100: 14M.
  • GDP growth: IMF next-year forecasts (36 editions, 2007–2024). On average the outcome was 0.5 pp below the forecast; below it in 75% of cases; typical error ±1.3 pp. The biggest miss was for 2010: IMF, April 2009 expected 1.5%, the outcome was 7%.
  • GDP growth: latest IMF forecast (IMF, April 2026): 2026 — 1.9%, 2028 — 2.2%, 2031 — 1.9%.
  • Inflation: IMF next-year forecasts (36 editions, 2007–2024). On average the outcome was 0.1 pp below the forecast; below it in 58% of cases; typical error ±1.1 pp. The biggest miss was for 2022: IMF, April 2021 expected 0.9%, the outcome was 5.1%.
  • Inflation: latest IMF forecast (IMF, April 2026): 2026 — 2.5%, 2028 — 2%, 2031 — 2%.

UN projections vs actual

Solid line: actual data, UN WPP 2024 estimates to 2023, then national statistics where comparable with the UN. Dashed: medium variants of past UN revisions. The table shows what each revision expected for the latest year (or five-year period) with actual data.

Population

persons, 1 July
South Korea: PopulationActual 2023: 51.7M44M46M48M50M52M54M19902000201020202030
  • Actual
  • UN 1998
  • UN 2000
  • UN 2002
  • UN 2004
  • UN 2006
  • UN 2008
  • UN 2010
  • UN 2012
  • UN 2015
  • UN 2017
  • UN 2019
  • UN 2022
  • UN 2024, medium
ReleaseTarget periodHorizonExpectedActualActual vs expected
UN 1998202325 years52.3M51.7M−1.1%
UN 2000202323 years51.8M51.7M−0.1%
UN 2002202321 years50.1M51.7M+3.2%
UN 2004202319 years49.5M51.7M+4.6%
UN 2006202317 years49.1M51.7M+5.3%
UN 2008202315 years49.5M51.7M+4.5%
UN 2010202313 years50.1M51.7M+3.3%
UN 2012202311 years51.3M51.7M+0.9%
UN 201520238 years51.7M51.7M+0.1%
UN 201720236 years52M51.7M−0.4%
UN 201920234 years51.3M51.7M+0.8%
UN 202220231 year51.8M51.7M−0.1%

Births

births per year
South Korea: BirthsActual 2025: 254k200k400k600k800k19902000201020202030
  • Actual
  • UN 1998
  • UN 2000
  • UN 2002
  • UN 2004
  • UN 2006
  • UN 2008
  • UN 2010
  • UN 2012
  • UN 2015
  • UN 2017
  • UN 2019
  • UN 2022
  • UN 2024, medium
ReleaseTarget periodHorizonExpectedActualActual vs expected
UN 19982020–202524 years593k251k−57.8%
UN 20002020–202522 years568k251k−55.9%
UN 20022020–202520 years469k251k−46.5%
UN 20042020–202518 years423k251k−40.8%
UN 20062020–202516 years391k251k−36%
UN 20082020–202514 years417k251k−39.9%
UN 20102020–202512 years480k251k−47.8%
UN 20122020–202510 years473k251k−47.1%
UN 20152020–20258 years457k251k−45.2%
UN 20172020–20256 years458k251k−45.2%
UN 20192020–20254 years347k251k−27.9%
UN 202220253 years294k254k−13.6%

Total fertility rate

children per woman
South Korea: Total fertility rateActual 2025: 0.800.511.522.519902000201020202030
  • Actual
  • UN 1998
  • UN 2000
  • UN 2002
  • UN 2004
  • UN 2006
  • UN 2008
  • UN 2010
  • UN 2012
  • UN 2015
  • UN 2017
  • UN 2019
  • UN 2022
  • UN 2024, medium
ReleaseTarget periodHorizonExpectedActualActual vs expected
UN 19982020–202524 years1.900.77−59.6%
UN 20002020–202522 years1.870.77−58.9%
UN 20022020–202520 years1.520.77−49.6%
UN 20042020–202518 years1.420.77−45.7%
UN 20062020–202516 years1.290.77−40.3%
UN 20082020–202514 years1.340.77−42.5%
UN 20102020–202512 years1.560.77−50.8%
UN 20122020–202510 years1.460.77−47.3%
UN 20152020–20258 years1.390.77−44.9%
UN 20172020–20256 years1.400.77−45.1%
UN 20192020–20254 years1.080.77−28.6%
UN 202220253 years0.910.80−11.6%

IMF forecasts vs actual

Solid line: actual values from the latest IMF edition (data get revised, so we use the newest). Dashed: April editions, current year and five years ahead. The table covers next-year forecasts from all editions: mean error shows bias, mean absolute error shows accuracy.

Real GDP growth

% per year
South Korea: Real GDP growthActual 2025: 1−505102000200520102015202020252030
  • Actual (IMF)
  • WEO, April editions
IndicatorForecastsMean errorMean absolute errorActual below forecast
Real GDP growth36−0.5 pp1.3 pp75%
Inflation36−0.1 pp1.1 pp58%
Unemployment rate36−0.1 pp0.4 pp42%
Government gross debt26+0.2 pp3.2 pp46%

All indicators

Demography

Population

51.7M persons, 1 July latest value, 2023

South Korea: Population1950: 19.8M; 2023: 51.7M020M40M60M19501975200020252050

Population on 1 July. UN estimate to 2023, medium variant from 2024; past UN revisions for forecast checks.

Source: UN DESA, World Population Prospects 2024

Life expectancy at birth, women

87.2 years latest value, 2023

South Korea: Life expectancy at birth, women1950: 34.6; 2023: 87.202040608010019501975200020252050

Years a newborn girl would live at the mortality rates of the year (UN).

Source: UN DESA, World Population Prospects 2024

Life expectancy at birth, men

81.2 years latest value, 2023

South Korea: Life expectancy at birth, men1950: 17.5; 2023: 81.202040608010019501975200020252050

Years a newborn boy would live at the mortality rates of the year (UN).

Source: UN DESA, World Population Prospects 2024

Median age

44.5 years latest value, 2023

South Korea: Median age1950: 17.7; 2023: 44.5020406019501975200020252050

Age that divides the population in two halves (UN).

Source: UN DESA, World Population Prospects 2024

Mean age of mothers at childbirth

33.4 years latest value, 2023

South Korea: Mean age of mothers at childbirth1950: 31.3; 2023: 33.401020304019501975200020252050

Mean age of mothers at the birth of their children of any order (UN).

Source: UN DESA, World Population Prospects 2024

Sex ratio at birth

105.8 boys per 100 girls latest value, 2023

South Korea: Sex ratio at birth1950: 106.2; 2023: 105.805010015019501975200020252050

Boys born per 100 girls born (UN).

Source: UN DESA, World Population Prospects 2024

Net migration

87.8k persons per year latest value, 2023

South Korea: Net migration1950: 147k; 2023: 87.8k−400k−200k0200k400k19501975200020252050

Immigrants minus emigrants per year (UN estimate and projection).

Source: UN DESA, World Population Prospects 2024

Old-age dependency

23.6 persons 65+ per 100 aged 20-64 latest value, 2020

South Korea: Old-age dependency1950: 6.1; 2020: 23.602040608010019501975200020252050

Persons aged 65+ per 100 aged 20-64, every five years (UN).

Source: UN DESA, World Population Prospects 2024

Digitalisation

Internet users

97.9 % of population latest value, 2024

South Korea: Internet users1990: 0; 2024: 97.90204060801001990199520002005201020152020

Share of individuals who used the Internet in the last three months from any device. ITU data.

Source: World Bank, World Development Indicators

Mobile cellular subscriptions

172.5 per 100 people latest value, 2024

South Korea: Mobile cellular subscriptions1960: 0; 2024: 172.50501001502001960197019801990200020102020

Active mobile cellular subscriptions per 100 people; can exceed 100 when people have several SIM cards. ITU data.

Source: World Bank, World Development Indicators

Fixed broadband subscriptions

47.8 subscriptions per 100 people latest value, 2024

South Korea: Fixed broadband subscriptions1998: 0; 2024: 47.80102030405020002005201020152020

Fixed subscriptions to high-speed Internet (256 kbit/s or more) per 100 people. ITU data.

Source: World Bank, World Development Indicators

Economy

GDP per capita, PPP

55,697 constant 2021 international $ latest value, 2025

South Korea: GDP per capita, PPP1990: 14,378; 2025: 55,697020,00040,00060,00019901995200020052010201520202025

Gross domestic product per person at purchasing power parity, constant 2021 international dollars (World Bank, ICP).

Source: World Bank, World Development Indicators

Real GDP growth

1 % per year latest value, 2025

South Korea: Real GDP growth1980: −1.5; 2025: 105101519801990200020102020

Annual change of GDP at constant prices. Actual values and forecasts from IMF WEO editions.

Source: IMF World Economic Outlook, April 2026

Inflation

2.1 % per year, average latest value, 2025

South Korea: Inflation1980: 28.7; 2025: 2.1010203019801990200020102020

Change of the annual average consumer price index (IMF WEO).

Source: IMF World Economic Outlook, April 2026

Government gross debt

49.7 % of GDP latest value, 2024

South Korea: Government gross debt1990: 12.8; 2024: 49.702040601990199520002005201020152020

General government gross debt, percent of GDP (IMF WEO).

Source: IMF World Economic Outlook, April 2026

Unemployment rate

2.8 % of labour force latest value, 2025

South Korea: Unemployment rate1980: 5.2; 2025: 2.80246819801990200020102020

Unemployed as a share of the labour force (IMF WEO; national definitions).

Source: IMF World Economic Outlook, April 2026

GDP per capita, US dollars

36,227 current US dollars latest value, 2025

South Korea: GDP per capita, US dollars1980: 1,745; 2025: 36,227010,00020,00030,00040,00019801990200020102020

GDP per person in current US dollars at market exchange rates (IMF WEO).

Source: IMF World Economic Outlook, April 2026

Society

Urban population

81.2 % of population latest value, 2025

South Korea: Urban population1960: 27.7; 2025: 81.20204060801001960197019801990200020102020

Share of people living in urban areas as defined by national statistical offices (World Bank, from UN World Urbanization Prospects).

Source: World Bank, World Development Indicators

Tertiary enrolment, women

105.2 % gross latest value, 2024

South Korea: Tertiary enrolment, women2000: 54.8; 2024: 105.205010015020002005201020152020

Women enrolled in tertiary education as a share of women in the five-year age group after secondary school; can exceed 100 (UNESCO).

Source: World Bank, World Development Indicators

Women with upper secondary education

76.1 % of women 25+ latest value, 2024

South Korea: Women with upper secondary education1970: 7.3; 2024: 76.1020406080197019801990200020102020

Share of women aged 25+ who completed at least upper secondary education (UNESCO).

Source: World Bank, World Development Indicators

Life expectancy at birth

83.6 years latest value, 2024

South Korea: Life expectancy at birth1960: 53.8; 2024: 83.60204060801001960197019801990200020102020

Life expectancy at birth, both sexes (World Bank, from UN and national statistics).

Source: World Bank, World Development Indicators

In-depth checks

This country has in-depth checks against archives of national projections:

Same region: Asia