U.S. Economic Stock Market Outlook

Information on South Korea's GDP and electricity consumption over the past decad

Tmarket 2024. 8. 22. 08:33
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Information on South Korea's GDP and electricity consumption over the past decade is as follows:

GDP (gross domestic product):
Korea's GDP has continued to grow steadily. For example:

2013: approximately $1.3 trillion
2018: Approximately $1.6 trillion
2023: Approximately $1.8 trillion
The South Korean economy showed stable growth overall, especially in the IT, manufacturing, and service sectors.

Power Consumption:
South Korea's electricity consumption also increased as the economy grew. The major yearly electricity consumption is as follows:

2013: Approximately 480 TWh
2018: Approximately 526 TWh
2023: Approximately 560 TWh
South Korea's electricity consumption continues to grow as industrial and household electricity demand increases, especially with the emergence of new sources of electricity demand, such as the spread of electric vehicles.

The data show the interrelationship between South Korea's economy and electricity consumption, indicating that energy demand is also increasing, especially as the economy grows (IndexMundi - Country Facts).

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