South Korea GDPSouth Korea GDPSouth Korea GDP

South Korea GDP

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Key data points


Last release
Observation period
2023
Next release
Forecast
Highest
‪1.82 T‬USD on Dec 31, 2021
Lowest
‪2.42 B‬USD on Dec 31, 1961

About South Korea GDP


Category
GDP
Frequency
Annual
Units
USD
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.

Frequently Asked Questions


One of the ways to count South Korea GDP is to add up its consumer spending, business investment, government spending, and net exports.
In 2023 South Korea GDP was 1.713 T USD, and the previous year it amounted to 1.674 T USD.
South Korea GDP accounts for 1.62% of the world GDP.
GDP per capita is gross domestic product divided by a country's population. In 2023 South Korea GDP per capita was ‪34.12 K‬ USD, and in 2022 it amounted to ‪33.69 K‬ USD.
Last quarter South Korea real GDP amounted to ‪571.65 T‬ KRW, the quarter before that it was ‪572.95 T‬ KRW.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
The highest figure South Korea GDP has ever reached is 1.818 T USD.
The lowest ever value South Korea GDP has reached is 2.42 B USD.