Value of agricultural production in Republic of Korea
Republic of Korea: Value of agricultural production was 41.29 billion in 2024. ▲ Rising
Latest (2024)
41.29 billion
Change on year
up 0.2%
World rank
21st
of 174 countries
All-time high
49.66 billion
in 2021
All-time low
22.03 billion
in 1998
Years of data
34
1991–2024
Value of agricultural production in Republic of Korea, 1991–2024
Source: Our World in Data.
Analysis
In 2024, value of agricultural production in Republic of Korea stood at 41.29 billion.
That represents a change of up 0.2% on the previous year and down 12.1% over ten years.
Over the whole period, value of agricultural production in Republic of Korea peaked at 49.66 billion in 2021 and was at its lowest, 22.03 billion, in 1998.
That places Republic of Korea 21st out of 174 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Value of agricultural production in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 22.85 billion | — |
| 1992 | 23.85 billion | +4.4% |
| 1993 | 23.18 billion | -2.8% |
| 1994 | 26.31 billion | +13.5% |
| 1995 | 30.78 billion | +17.0% |
| 1996 | 35.42 billion | +15.1% |
| 1997 | 31.12 billion | -12.1% |
| 1998 | 22.03 billion | -29.2% |
| 1999 | 28.64 billion | +30.0% |
| 2000 | 29.42 billion | +2.7% |
| 2001 | 26.43 billion | -10.2% |
| 2002 | 25.41 billion | -3.8% |
| 2003 | 26.54 billion | +4.4% |
| 2004 | 30.47 billion | +14.8% |
| 2005 | 31.61 billion | +3.7% |
| 2006 | 44.11 billion | +39.6% |
| 2007 | 42.37 billion | -3.9% |
| 2008 | 36.67 billion | -13.5% |
| 2009 | 32.74 billion | -10.7% |
| 2010 | 34.84 billion | +6.4% |
| 2011 | 36.48 billion | +4.7% |
| 2012 | 41.80 billion | +14.6% |
| 2013 | 42.76 billion | +2.3% |
| 2014 | 46.97 billion | +9.8% |
| 2015 | 44.24 billion | -5.8% |
| 2016 | 40.88 billion | -7.6% |
| 2017 | 44.73 billion | +9.4% |
| 2018 | 49.02 billion | +9.6% |
| 2019 | 46.35 billion | -5.4% |
| 2020 | 44.19 billion | -4.7% |
| 2021 | 49.66 billion | +12.4% |
| 2022 | 41.74 billion | -16.0% |
| 2023 | 41.20 billion | -1.3% |
| 2024 | 41.29 billion | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27.13 billion | 22.03 billion | 35.42 billion | 9 |
| 2000s | 32.58 billion | 25.41 billion | 44.11 billion | 10 |
| 2010s | 42.81 billion | 34.84 billion | 49.02 billion | 10 |
| 2020s | 43.62 billion | 41.20 billion | 49.66 billion | 5 |
Countries ranked near Republic of Korea
- 18 Colombia 52.60 billion compare
- 19 Venezuela, Bolivarian Republic of 49.66 billion compare
- 20 Thailand 47.78 billion compare
- 22 Egypt 39.44 billion compare
- 23 United Kingdom of Great Britain and Northern Ireland 35.20 billion compare
- 24 Philippines 34.92 billion compare
More agriculture & rural data for Republic of Korea
- Agriculture, forestry, and fishing, value added (current US$), annual 0.2516 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0146 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 530.46 current US$ per person (2025)
- Rural population, annual growth rate -0.1591 % change on previous year (2025)
- Rural population, per unit of GDP 0 units per US$ of GDP (2025)
- Rural population, per capita 0.1883 units per person (2025)
- Agriculture share gdp 1.46 (2025)
- Value added in the agricultural sector as of gdp vs gdp per capita 1.46 (2025)
- Agricultural raw materials exports 0.8% (2024)
- Agricultural raw materials imports 0.9% (2024)
Frequently asked questions
- What is value of agricultural production in Republic of Korea?
- Value of agricultural production in Republic of Korea was 41.29 billion in 2024, according to Our World in Data.
- What is the highest value of agricultural production recorded in Republic of Korea?
- The highest recorded value was 49.66 billion in 2021.
- What is the lowest value of agricultural production recorded in Republic of Korea?
- The lowest recorded value was 22.03 billion in 1998.
- How does Republic of Korea rank for value of agricultural production?
- Republic of Korea ranks 21st out of 174 countries with data for 2024.
- Is value of agricultural production rising or falling in Republic of Korea?
- Over the last ten years it is down 12.1%. The long-run trend across the full record is rising.
- Where does this Republic of Korea data come from?
- The figures come from Our World in Data, published as part of Value of agricultural production. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (Our World in Data).