GDP Constant Prices in South Korea increased to 456863.50 KRW Billion in the third quarter of 2020 from 448209.30 KRW Billion in the second quarter of 2020. source: The Bank of Korea

GDP Constant Prices in South Korea averaged 164385.87 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 November of 2020.

GDP Constant Prices in South Korea is expected to be 471627.00 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 472854.00 in 12 months time. In the long-term, the South Korea GDP Constant Prices is projected to trend around 485776.00 KRW Billion in 2021 and 497920.00 KRW Billion in 2022, according to our econometric models.

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South Korea GDP Constant Prices

Actual Previous Highest Lowest Dates Unit Frequency
456863.50 448209.30 468814.30 7059.60 1960 - 2020 KRW Billion Quarterly
Constant Prices 2015, SA

South Korea GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.90 -3.20 7.80 -7.00 percent [+]
GDP Annual Growth Rate -1.30 -2.70 20.80 -7.30 percent [+]
GDP 1642.38 1720.58 1720.58 2.42 USD Billion [+]
GDP Constant Prices 456863.50 448209.30 468814.30 7059.60 KRW Billion [+]
Gross National Product 443089.50 437974.60 478694.10 7478.10 KRW Billion [+]
Gross Fixed Capital Formation 134853.00 137445.70 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 7760.50 7620.70 8669.90 1813.40 KRW Billion [+]
GDP From Construction 21464.20 22715.20 23779.30 342.00 KRW Billion [+]
GDP From Manufacturing 121752.60 113194.30 125466.80 319.10 KRW Billion [+]
GDP From Mining 392.40 435.80 1328.10 286.30 KRW Billion [+]
GDP From Public Administration 27855.70 27463.50 27855.70 1673.48 KRW Billion [+]
GDP From Services 256838.20 255006.00 263615.90 4287.20 KRW Billion [+]
GDP From Transport 13147.60 12726.20 15913.00 123.20 KRW Billion [+]
GDP From Utilities 11232.80 12136.70 12136.70 14.90 KRW Billion [+]