GDP in South Korea decreased to 1646.74 USD Billion in 2019 from 1724.85 USD Billion in 2018. source: World Bank

GDP in South Korea averaged 481.23 USD Billion from 1960 until 2019, reaching an all time high of 1724.85 USD Billion in 2018 and a record low of 2.42 USD Billion in 1961. This page provides - South Korea GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea GDP - values, historical data and charts - was last updated on April of 2021.

GDP in South Korea is expected to reach 1540.00 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea GDP is projected to trend around 1650.00 USD Billion in 2022, according to our econometric models.

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South Korea GDP

Actual Previous Highest Lowest Dates Unit Frequency
1646.74 1724.85 1724.85 2.42 1960 - 2019 USD Billion Yearly
Current USD

South Korea GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.20 2.10 7.80 -7.00 percent [+]
GDP Annual Growth Rate -1.20 -1.10 20.80 -7.30 percent [+]
GDP 1646.74 1724.85 1724.85 2.42 USD Billion [+]
GDP Constant Prices 463395.00 457783.70 468814.30 7059.60 KRW Billion [+]
Gross National Product 481951.90 456035.70 481951.90 7478.10 KRW Billion [+]
Gross Fixed Capital Formation 139111.10 134853.00 144244.50 376.00 KRW Billion [+]
GDP per capita 28605.70 28091.40 28605.70 932.00 USD [+]
GDP per capita PPP 42661.20 41894.10 42661.20 12669.90 USD [+]
GDP From Agriculture 8048.50 7760.50 8669.90 1813.40 KRW Billion [+]
GDP From Construction 22091.00 21464.20 23779.30 342.00 KRW Billion [+]
GDP From Manufacturing 125601.20 121752.60 125601.20 319.10 KRW Billion [+]
GDP From Mining 510.60 392.40 1328.10 286.30 KRW Billion [+]
GDP From Public Administration 27855.70 27463.50 27855.70 1673.48 KRW Billion [+]
GDP From Services 258125.40 256838.20 263615.90 4287.20 KRW Billion [+]
GDP From Transport 12924.30 13147.60 15913.00 123.20 KRW Billion [+]
GDP From Utilities 12051.60 11232.80 12136.70 14.90 KRW Billion [+]


South Korea GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
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