Demographics of South Korea in 2023 - Structure, Labor, Regional Trends

Last Updated: October 30, 2023


51.709 million


0.87 Child

Median Age

43.9 Years Old

Dependency Ratio

40.5 %

Life Expectancy

84 Years

Net Migration Rate

0.6 ‰

Executive Summary

South Korea - Population Growth

Note: % | Forecast After 2023 (UN, Statistics Office, Local Agency)

Population Structure

The population demographic data has been updated to October 2023 based primarily on the United Nations population database, with some countries using their own statistical agencies. All data listed is from 2022 (unless otherwise noted).

Population +

-26 k people


286 k people


342 k people

Net Migration

30 k people

South Korea - Population Growth Drivers
Note: % | forecast after 2023
South Korea - Age Structure - Historical & Forecast
Note: % | forecast after 2023

Natural Growth

-1.1 ‰

Net Migration

0.6 ‰

Young Dependency

17.2 %

Old Dependency

23.3 %

South Korea - Median Age
Note: Age
South Korea - Demographic Structure
Source: UN Population; OOSGA Analytics

Culture Brief



Language Used

Korean, English (widely taught in elementary, junior high, and high school)


Protestant 19.7%, Buddhist 15.5%, Catholic 7.9%, none 56.9% (2015 est. by CIA)

South Korea - Education
Note: %
South Korea - Education Comparison (Tertiary Education)
Note: %

Labor Brief

South Korea - Labor Participation Rate
Note: %
South Korea - Labor Participation by Groups
Note: %
South Korea - Labor Participation By Sectors
Note: %

Regional Brief

South Korea - Population in Key Regions
South Korea - GDP Per Capita in Key Regions
  • Population project by age group: UN population database | Data after 2022 is estimated/forecasted | Forecasted with medium variant
  • Currency: nominal USD, unless otherwise specified. | IMF
  • Economic projection: OECD, IMF, EIU, Local Government
  • Culture, ethnicities, languages: CIA Factbook
  •  Education: World Bank
  • Labor Participation: ILO,
  • Data Aggregation & Calculation:
  • Analysis: Economic Team
Author: Economic Team

We track the latest economic developments from spending, retail, real estate to demographics in major economics around the world.

Connect With Authors
*Your message will be sent straight to the team/individual responsible for the article.