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Average capacity utilization rate of the manufacturing industry in South Korea from 1980 to 2023

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Source

Release date

November 2024

Region

South Korea

Survey time period

1980 to 2023

Supplementary notes

The capacity utilization rate shows the utilization of a company's production facilities and is calculated as (actual output/potential output) x 100.

Citation formats

Manufacturing capacity utilization rate South Korea 1980-2023

Published by Zeynep Dierks, Nov 6, 2024

In 2023, the capacity utilization rate for South Korea's manufacturing industry was **** percent, decreasing from the previous year. Manufacturing capacity utilization fell to about **** percent during the Asian financial crisis in 1998 and has shown a downward trend in recent years, except for 2021, which saw a brief recovery.

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