Republic of Korea vs Lower middle income: GDP, PPP
GDP, PPP over time
- Republic of Korea
- Lower middle income
How they compare
Lower middle income currently reports 27.54 trillion constant 2021 international $ against 2.88 trillion constant 2021 international $ in Republic of Korea, a difference of 24.66 trillion constant 2021 international $.
That makes Lower middle income's figure about 9.6 times Republic of Korea's.
Across all 36 years both countries report, Lower middle income has been ahead every year.
Republic of Korea ranks 14th and Lower middle income ranks 17th of 199 countries.
Lower middle income has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Republic of Korea | Lower middle income | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 882.22 billion constant 2021 international $ | 5.75 trillion constant 2021 international $ | 4.87 trillion constant 2021 international $ | Lower middle income |
| 2000s | 1.56 trillion constant 2021 international $ | 9.62 trillion constant 2021 international $ | 8.06 trillion constant 2021 international $ | Lower middle income |
| 2010s | 2.26 trillion constant 2021 international $ | 17.09 trillion constant 2021 international $ | 14.83 trillion constant 2021 international $ | Lower middle income |
| 2020s | 2.75 trillion constant 2021 international $ | 23.98 trillion constant 2021 international $ | 21.23 trillion constant 2021 international $ | Lower middle income |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp, ppp, Republic of Korea or Lower middle income?
- Lower middle income, at 27.54 trillion constant 2021 international $ against 2.88 trillion constant 2021 international $ in Republic of Korea as of 2025.
- What is the difference in gdp, ppp between Republic of Korea and Lower middle income?
- 24.66 trillion constant 2021 international $, with Lower middle income ahead.
- How many years of comparable data are there for Republic of Korea and Lower middle income?
- 36 years are reported by both, from 1990 to 2025.
- How do Republic of Korea and Lower middle income rank globally for gdp, ppp?
- Republic of Korea ranks 14th and Lower middle income ranks 17th of 199 countries.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), published as GDP, PPP (constant 2021 international $). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This indicator provides values for gross domestic product (GDP) expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.