GDP Constant Prices in South Korea increased to 463395 KRW Billion in the fourth quarter of 2020 from 457783.70 KRW Billion in the third quarter of 2020. source: The Bank of Korea

GDP Constant Prices in South Korea averaged 165615.09 KRW Billion from 1960 until 2020, reaching an all time high of 468814.30 KRW Billion in the fourth quarter of 2019 and a record low of 7059.60 KRW Billion in the first quarter of 1960. This page provides - South Korea GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea GDP Constant Prices - values, historical data and charts - was last updated on March of 2021.

GDP Constant Prices in South Korea is expected to be 471136.00 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 476649.00 in 12 months time. In the long-term, the South Korea GDP Constant Prices is projected to trend around 488566.00 KRW Billion in 2022 and 502734.00 KRW Billion in 2023, according to our econometric models.

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South Korea GDP Constant Prices

Actual Previous Highest Lowest Dates Unit Frequency
463395.00 457783.70 468814.30 7059.60 1960 - 2020 KRW Billion Quarterly
Constant Prices 2015, SA

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 456035.70 443089.50 478694.10 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 [+]