Key data points
Last release
—
Observation period
2023
Next release
—
Forecast
—
Highest
1.82 T USD on Dec 31, 2021
Lowest
2.42 B USD on Dec 31, 1961
About South Korea GDP
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.
Related indicators
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.