Adjusted net national income in South Korea
South Korea: Adjusted net national income was 2.7% in 2021. ◆ Volatile
Adjusted net national income in South Korea, 1972–2021
Source: Staff estimates, World Bank (WB). Measured in annual % growth.
Analysis
The most recent figure for adjusted net national income in South Korea is 2.7%, measured in 2021.
The figure is up 336.6% on the previous year and up 123.3% over ten years.
Over the whole period, adjusted net national income in South Korea peaked at 16.5% in 1976 and was at its lowest, -8.4%, in 1998.
South Korea ranks 96th of 154 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted net national income in South Korea, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1972 | 7.9% | — |
| 1973 | 11.3% | +42.1% |
| 1974 | 3.9% | -65.1% |
| 1975 | 5.5% | +40.4% |
| 1976 | 16.5% | +197.2% |
| 1977 | 11.3% | -31.1% |
| 1978 | 11.6% | +2.7% |
| 1979 | 6.2% | -46.8% |
| 1980 | -6.4% | -203.0% |
| 1981 | 5.7% | -188.9% |
| 1982 | 8.7% | +54.3% |
| 1983 | 13.3% | +51.7% |
| 1984 | 10.7% | -19.4% |
| 1985 | 6.0% | -44.2% |
| 1986 | 12.9% | +116.9% |
| 1987 | 13.8% | +7.1% |
| 1988 | 11.8% | -14.8% |
| 1989 | 8.1% | -31.5% |
| 1990 | 8.4% | +3.5% |
| 1991 | 10.8% | +28.8% |
| 1992 | 5.6% | -48.4% |
| 1993 | 7.0% | +26.3% |
| 1994 | 9.4% | +33.8% |
| 1995 | 7.0% | -25.1% |
| 1996 | 6.0% | -14.9% |
| 1997 | 3.8% | -36.4% |
| 1998 | -8.4% | -320.6% |
| 1999 | 10.4% | -224.1% |
| 2000 | 6.9% | -34.2% |
| 2001 | 3.8% | -44.4% |
| 2002 | 9.5% | +148.5% |
| 2003 | 2.2% | -77.2% |
| 2004 | 4.3% | +98.5% |
| 2005 | 2.0% | -52.6% |
| 2006 | 3.9% | +90.4% |
| 2007 | 5.9% | +51.8% |
| 2008 | -1.0% | -116.8% |
| 2009 | 1.6% | -260.4% |
| 2010 | 8.1% | +414.5% |
| 2011 | 1.2% | -85.2% |
| 2012 | 2.4% | +95.3% |
| 2013 | 3.5% | +48.4% |
| 2014 | 2.9% | -17.8% |
| 2015 | 6.0% | +109.8% |
| 2016 | 4.0% | -33.0% |
| 2017 | 3.4% | -14.6% |
| 2018 | 1.1% | -68.1% |
| 2019 | -0.7% | -167.7% |
| 2020 | -1.1% | +52.9% |
| 2021 | 2.7% | -336.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.3% | 3.9% | 16.5% | 8 |
| 1980s | 8.5% | -6.4% | 13.8% | 10 |
| 1990s | 6.0% | -8.4% | 10.8% | 10 |
| 2000s | 3.9% | -1.0% | 9.5% | 10 |
| 2010s | 3.2% | -0.7% | 8.1% | 10 |
| 2020s | 0.8% | -1.1% | 2.7% | 2 |
Countries ranked near South Korea
More economy & growth data for South Korea
- Industry (including construction), value added (constant 2015 US$) 0.1897 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.3525 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 12,771 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 0.1898 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 410.21 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 14.86 million constant LCU per person (2025)
- Services, value added (current US$), annual growth rate -0.6343 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.5723 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 20,732 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 3.67 % change on previous year (2025)
Frequently asked questions
- What is adjusted net national income in South Korea?
- Adjusted net national income in South Korea was 2.7% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted net national income recorded in South Korea?
- The highest recorded value was 16.5% in 1976.
- What is the lowest adjusted net national income recorded in South Korea?
- The lowest recorded value was -8.4% in 1998.
- How does South Korea rank for adjusted net national income?
- South Korea ranks 96th out of 154 countries with data for 2021.
- Is adjusted net national income rising or falling in South Korea?
- Over the last ten years it is up 123.3%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted net national income (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.