Getting electricity: Price of electricity (US cents per kWh) in Republic of Korea
Republic of Korea: Getting electricity: Price of electricity (US cents per kWh) was 11.4 DB16-20 methodology in 2019. ▬ Flat
Getting electricity: Price of electricity (US cents per kWh) in Republic of Korea, 2014–2019
Source: World Bank. Measured in DB16-20 methodology.
Analysis
In 2019, getting electricity: price of electricity (us cents per kwh) in Republic of Korea stood at 11.4 DB16-20 methodology. That is the highest value across all 6 years on record.
Compared with earlier readings it is up 34.1% on the previous year and up 14.0% over ten years.
That places Republic of Korea 131st out of 187 countries with data for 2019, putting it in the middle of the range.
Getting electricity: Price of electricity (US cents per kWh) in Republic of Korea, year by year
| Year | DB16-20 methodology | Change |
|---|---|---|
| 2014 | 10 DB16-20 methodology | — |
| 2015 | 10.1 DB16-20 methodology | +1.0% |
| 2016 | 9 DB16-20 methodology | -10.9% |
| 2017 | 8.7 DB16-20 methodology | -3.3% |
| 2018 | 8.5 DB16-20 methodology | -2.3% |
| 2019 | 11.4 DB16-20 methodology | +34.1% |
Countries ranked near Republic of Korea
- 128 Israel 11.8 DB16-20 methodology compare
- 129 Taiwan, China 11.7 DB16-20 methodology compare
- 130 Bosnia and Herzegovina 11.6 DB16-20 methodology compare
- 131 Latvia 11.4 DB16-20 methodology compare
- 133 Madagascar 11.3 DB16-20 methodology compare
- 134 Indonesia 10.9 DB16-20 methodology compare
- 134 United Arab Emirates 10.9 DB16-20 methodology compare
More private sector data for Republic of Korea
- Merchandise trade 71.6% (2025)
- Food imports 6.3% (2024)
- Manufactures imports 60.1% (2024)
- Merchandise imports 631.89 billion current US$ (2025)
- Food exports 1.6% (2024)
- Manufactures exports 87.3% (2024)
- Merchandise exports 709.33 billion current US$ (2025)
- Merchandise exports (current US$), per capita 13,724 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3788 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 3.76 % change on previous year (2025)
Frequently asked questions
- What is getting electricity: price of electricity (us cents per kwh) in Republic of Korea?
- Getting electricity: price of electricity (us cents per kwh) in Republic of Korea was 11.4 DB16-20 methodology in 2019, according to the World Bank.
- What is the highest getting electricity: price of electricity (us cents per kwh) recorded in Republic of Korea?
- The highest recorded value was 11.4 DB16-20 methodology in 2019.
- What is the lowest getting electricity: price of electricity (us cents per kwh) recorded in Republic of Korea?
- The lowest recorded value was 8.5 DB16-20 methodology in 2018.
- How does Republic of Korea rank for getting electricity: price of electricity (us cents per kwh)?
- Republic of Korea ranks 131st out of 187 countries with data for 2019.
- Is getting electricity: price of electricity (us cents per kwh) rising or falling in Republic of Korea?
- Over the last ten years it is up 14.0%. The long-run trend across the full record is flat.
- Where does this Republic of Korea data come from?
- The figures come from the World Bank, published as part of Getting electricity: Price of electricity (US cents per kWh) (DB16-20 methodology). Statizoid updates them automatically from the source API.
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About this data
The price of electricity is measured in U.S. cents per kWh. A monthly electricity consumption is assumed, for which a bill is then computed for a warehouse based in the largest business city of the economy for the month of March. The bill is then expressed back as a unit of kWh. The index is computed based on the methodology in the DB16-20 studies.