South Korea - First Registrations of New Road Vehicles
Since 2014, South Korea First Registrations of New Road Vehicles decreased by 1% year on year. In 2019, the country was ranked number 24 among other countries in First Registrations of New Road Vehicles at 0.92 Units (Registrations) Per Million USD GDP. South Korea is overtaken by Japan, which was ranked number 23 at 1.01 Units (Registrations) Per Million USD GDP and is followed by Azerbaijan at 0.87 Units (Registrations) Per Million USD GDP. Montenegro lead the ranking with 4.61 Units (Registrations) Per Million USD GDP in 2019, that is +3.9% versus 2018. Lithuania, Georgia and Macedonia respectively ranked number 2, 3 and 4 in this ranking. Russia recorded the best 5 years average growth at +19.8% per year, while Bulgaria was the worst growing country at -17.2% per year.
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| Date | Units (Registrations) Per Million USD GDP |
|---|---|
| 2019 | 0.92 |
| 2018 | 0.89 |
| 2017 | 0.96 |
| 2016 | 1.04 |
| 2015 | 1.06 |
How does South Korea rank in First Registrations of New Road Vehicles?
| # | 45 Countries | Units (Registrations) Per Million USD GDP | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Montenegro
|
5 | 2019 | +3.9 % | +8.1 % | View data | |
| 2 |
#2
Lithuania
|
4 | 2019 | -8.3 % | +3.9 % | View data | |
| 23 |
#23
Japan
|
1 | 2019 | -3.8 % | -2.3 % | View data | |
| 24 |
#24
South Korea
|
1 | 2019 | +3.8 % | -1.0 % | View data | |
| 25 |
#25
Azerbaijan
|
1 | 2019 | +71.2 % | +7.8 % | View data | |