The Gross Domestic Product (GDP) in South Korea was worth 1619.42 billion US dollars in 2018. The GDP value of South Korea represents 2.61 percent of the world economy. GDP in South Korea averaged 443.27 USD Billion from 1960 until 2018, reaching an all time high of 1619.42 USD Billion in 2018 and a record low of 2.42 USD Billion in 1961. source: World Bank

GDP in South Korea is expected to be 1700.00 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea GDP is projected to trend around 1820.00 USD Billion in 2020, according to our econometric models.

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South Korea GDP

Actual Previous Highest Lowest Dates Unit Frequency
1619.42 1530.75 1619.42 2.42 1960 - 2018 USD Billion Yearly
Current USD

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.

South Korea GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 1.00 7.80 -7.00 percent [+]
GDP Annual Growth Rate 2.00 2.00 20.80 -7.30 percent [+]
GDP 1619.42 1530.75 1619.42 2.42 USD Billion [+]
GDP Constant Prices 461705.90 459813.40 461705.90 6626.29 KRW Billion [+]
Gross National Product 456451.80 450227.40 473695.60 7259.71 KRW Billion [+]
Gross Fixed Capital Formation 129808.10 133364.50 143486.50 359.12 KRW Billion [+]
GDP per capita 26761.90 26152.00 26761.90 944.30 USD [+]
GDP per capita PPP 36776.50 35938.40 36776.50 11632.60 USD [+]
GDP From Agriculture 8223.80 8174.20 8635.10 1627.32 KRW Billion [+]
GDP From Construction 21124.40 22202.10 23837.40 279.27 KRW Billion [+]
GDP From Manufacturing 123980.70 121116.70 123980.70 297.74 KRW Billion [+]
GDP From Mining 455.40 505.90 895.20 178.51 KRW Billion [+]
GDP From Public Administration 26855.50 26575.90 26855.50 1673.48 KRW Billion [+]
GDP From Services 258292.10 256848.50 258292.10 4114.30 KRW Billion [+]
GDP From Transport 15635.50 15521.40 15770.30 113.95 KRW Billion [+]
GDP From Utilities 11099.80 12845.80 12845.80 10.30 KRW Billion [+]