Gross National Product in South Korea increased to 456035.70 KRW Billion in the third quarter of 2020 from 443089.50 KRW Billion in the second quarter of 2020. source: The Bank of Korea

Gross National Product in South Korea averaged 167647.95 KRW Billion from 1960 until 2020, reaching an all time high of 478694.10 KRW Billion in the fourth quarter of 2019 and a record low of 7478.10 KRW Billion in the first quarter of 1960. This page provides - South Korea Gross National Income - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Gross National Income - values, historical data and charts - was last updated on December of 2020.

Gross National Product in South Korea is expected to be 481566.00 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 458598.00 in 12 months time. In the long-term, the South Korea Gross National Income is projected to trend around 496013.00 KRW Billion in 2021 and 508414.00 KRW Billion in 2022, according to our econometric models.

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South Korea Gross National Income

Actual Previous Highest Lowest Dates Unit Frequency
456035.70 443089.50 478694.10 7478.10 1960 - 2020 KRW Billion Quarterly
Constant Prices 2015, NSA

South Korea GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.10 -3.20 7.80 -7.00 percent [+]
GDP Annual Growth Rate -1.10 -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 456035.70 443089.50 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 [+]