Permanent Delegation of the Republic of Korea to the Organisation for Economic Co-operation and Development (OECD)

Korea’s Footsteps in OECD Statistics

Taking a look at more than decades of Korean history through the lens of the OECD statistics, Korea has more than doubled its economic growth - indeed, being the fastest-growing economy among OECD countries. Per capita GDP, adjusted for purchasing-power parity, more than tripled - from US$ 14,974 in 1998 to US$ 46,889 in 2021 - and the trade volume increased sixfold, from US$ 0.3trillion in 1998 to US$ 1.6trillion in 2022, evidencing Korea’s greater participation in global value chains.

Korea’s ODA has also increased dramatically. Since joining the OECD Development Assistance Committee (DAC) in 2010, Korea has expanded its ODA at one of the fastest rates among OECD members, as part of its efforts to catch up with more established donors. Most recently, Korea’s ODA reached approximately USD 4 billion, positioning the country among mid-sized donors in the DAC. Its ODA-to-GNI ratio currently stands at around 0.21%, with a steady upward trajectory.
Beyond its volume, Korea has also played a meaningful role in shaping the norms of international development co-operation. As the host of the 4th High-Level Forum on Aid Effectiveness in Busan, Korea contributed to laying the foundation for a major paradigm shift from aid effectiveness to development effectiveness. Korea served as Vice-Chair of the OECD Development Assistance Committee (DAC) from 2019 to 2021 and was reappointed for a second term in July 2024.

Source : OECD(2025), Flows by donor(ODA+OOF+Private)[DAC1]

Korea has recorded outstanding performance not only in economic and trade growth, but also employment, Internet penetration, R&D investment, education, and many other areas. Moreover, Korea is among the leaders in international rankings of school competence among 15-year-olds, as measured under the OECD’s Programme for International Student Assessment(PISA) surveys. According to the latest results of PISA 2022, Korean students’ average performance in mathematics(3rd-7th), reading(2nd-12nd), and science(2nd-9th) is ranked in the highest group among 81 participating countries. In addition, in the PISA 2022 Creative Thinking Assessment, Korea is ranked 2nd-4th among 64 participating countries.

< Top and low performing students in math, reading and science > Source : PISA 2022

Such rapid growth has presented other challenges to Korean society, however. Korea became the number-one country in some negative sides of OECD statistics, such as the lowest welfare spending, the poverty rate of the elderly, and gender inequality. Since the global financial crisis in 2008, Korea, like many other countries, has faced slower growth, higher unemployment, a slowdown in productivity, and a rise in inequality. Indeed, one could say that in becoming an adult, Korea has experienced growing pains, while undergoing various difficulties and structural problems. The indicators cited above show that Korea still faces many challenges that need attention. Nonetheless, these OECD statistics, while presenting a somewhat negative image, present challenges that Korea will have to overcome through future policy directions.