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South Korea GDP

South Korea's GDP rose to $1.71 trillion in 2023, up from $1.67 trillion in 2022, according to World Bank. This represents an increase of 2.3% ($38.88 billion) from the previous year and accounts for 1.54% of the world's total GDP. South Korea has the 15th highest GDP. Within Asia, it ranks 4th out of 47 countries.

South Korea's GDP per capita rose to $34,121.02 in 2023, up from $33,690.38 in 2022.

Yearly Historical Data (1960-2023)

(in Trillion USD)
Year GDP (Trillion USD)
2023 1.71
2022 1.67
2021 1.82
2020 1.64
2019 1.65
2018 1.73
2017 1.62
2016 1.5
2015 1.47
2014 1.48
2013 1.37
2012 1.28
2011 1.25
2010 1.14
2009 0.94
2008 1.05
2007 1.17
2006 1.05
2005 0.93
2004 0.79
2003 0.7
2002 0.63
2001 0.55
2000 0.58
1999 0.5
1998 0.38
1997 0.57
1996 0.61
1995 0.57
1994 0.46
1993 0.39
1992 0.36
1991 0.33
1990 0.28
1989 0.25
1988 0.2
1987 0.15
1986 0.12
1985 0.1
1984 0.1
1983 0.09
1982 0.08
1981 0.07
1980 0.07
1979 0.07
1978 0.05
1977 0.04
1976 0.03
1975 0.02
1974 0.02
1973 0.01
1972 0.01
1971 0.01
1970 0.01
1969 0.01
1968 0.01
1967 0
1966 0
1965 0
1964 0
1963 0
1962 0
1961 0
1960 0
South Korea GDP : Definition
GDP measures the total value of all goods and services produced in South Korea, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 1.36% 2.61% 2023
GDP Growth Rate (QoQ) 0.7% -0.2% Jun'25
GDP Growth Rate (YoY) 0.6% 0% Jun'25
GDP per Capita $34,121.02 $33,690.38 2023
GDP per Capita PPP $50,414.21 $49,777.93 2023
R&D Expenditure (% GDP) 5.21% 4.91% 2022
Real GDP $1.76T $1.74T 2023