Gross National Product in South Korea increased to 456451.80 KRW Billion in the third quarter of 2019 from 450227.40 KRW Billion in the second quarter of 2019. Gross National Product in South Korea averaged 160286.73 KRW Billion from 1960 until 2019, reaching an all time high of 473695.60 KRW Billion in the fourth quarter of 2018 and a record low of 7259.71 KRW Billion in the first quarter of 1960. source: The Bank of Korea

Gross National Product in South Korea is expected to be 439518.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Gross National Product in South Korea to stand at 466950.00 in 12 months time. In the long-term, the South Korea Gross National Income is projected to trend around 493946.00 KRW Billion in 2020, according to our econometric models.

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South Korea Gross National Income

Actual Previous Highest Lowest Dates Unit Frequency
456451.80 450227.40 473695.60 7259.71 1960 - 2019 KRW Billion Quarterly
Constant Prices 2015, NSA

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 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 [+]