GDP Constant Prices in South Korea increased to 467045.10 KRW Billion in the fourth quarter of 2019 from 461705.90 KRW Billion in the third quarter of 2019. GDP Constant Prices in South Korea averaged 157190.61 KRW Billion from 1960 until 2019, reaching an all time high of 467045.10 KRW Billion in the fourth quarter of 2019 and a record low of 6626.29 KRW Billion in the first quarter of 1960. source: The Bank of Korea

GDP Constant Prices in South Korea is expected to be 458872.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Constant Prices in South Korea to stand at 477787.00 in 12 months time. In the long-term, the South Korea GDP Constant Prices is projected to trend around 505409.00 KRW Billion in 2020, according to our econometric models.

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South Korea GDP Constant Prices

Actual Previous Highest Lowest Dates Unit Frequency
467045.10 461705.90 467045.10 6626.29 1960 - 2019 KRW Billion Quarterly
Constant Prices 2015, SA

South Korea GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.20 0.40 7.80 -7.00 percent [+]
GDP Annual Growth Rate 2.20 2.00 20.80 -7.30 percent [+]
GDP 1619.42 1530.75 1619.42 2.42 USD Billion [+]
GDP Constant Prices 467045.10 461705.90 467045.10 6626.29 KRW Billion [+]
Gross National Product 456451.80 450227.40 473695.60 7259.71 KRW Billion [+]
Gross Fixed Capital Formation 134629.40 129808.10 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 8402.70 8223.80 8635.10 1627.32 KRW Billion [+]
GDP From Construction 22159.70 21124.40 23837.40 279.27 KRW Billion [+]
GDP From Manufacturing 125987.10 123980.70 125987.10 297.74 KRW Billion [+]
GDP From Mining 498.70 455.40 895.20 178.51 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 15648.60 15635.50 15770.30 113.95 KRW Billion [+]
GDP From Utilities 11528.80 11099.80 12845.80 10.30 KRW Billion [+]