Adjusted net national income in Republic of Korea
Republic of Korea: Adjusted net national income was 1.31 trillion constant 2015 US$ in 2021. ◆ Volatile
Latest (2021)
1.31 trillion constant 2015 US$
Change on year
up 2.7%
World rank
11th
of 151 countries
All-time high
1.31 trillion constant 2015 US$
in 2021
All-time low
81.60 billion constant 2015 US$
in 1971
Years of data
51
1971–2021
Adjusted net national income in Republic of Korea, 1971–2021
Source: Staff estimates, World Bank (WB). Measured in constant 2015 US$.
Analysis
Republic of Korea recorded 1.31 trillion constant 2015 US$ for adjusted net national income in 2021. That is the highest value across all 51 years on record.
Compared with earlier readings it is up 2.7% on the previous year and up 26.6% over ten years.
Over the whole period, adjusted net national income in Republic of Korea peaked at 1.31 trillion constant 2015 US$ in 2021 and was at its lowest, 81.60 billion constant 2015 US$, in 1971.
That places Republic of Korea 11th out of 151 countries with data for 2021, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted net national income in Republic of Korea, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1971 | 81.60 billion constant 2015 US$ | — |
| 1972 | 88.09 billion constant 2015 US$ | +7.9% |
| 1973 | 98.04 billion constant 2015 US$ | +11.3% |
| 1974 | 101.91 billion constant 2015 US$ | +3.9% |
| 1975 | 107.55 billion constant 2015 US$ | +5.5% |
| 1976 | 125.25 billion constant 2015 US$ | +16.5% |
| 1977 | 139.46 billion constant 2015 US$ | +11.3% |
| 1978 | 155.70 billion constant 2015 US$ | +11.6% |
| 1979 | 165.34 billion constant 2015 US$ | +6.2% |
| 1980 | 154.80 billion constant 2015 US$ | -6.4% |
| 1981 | 163.57 billion constant 2015 US$ | +5.7% |
| 1982 | 177.87 billion constant 2015 US$ | +8.7% |
| 1983 | 201.45 billion constant 2015 US$ | +13.3% |
| 1984 | 222.97 billion constant 2015 US$ | +10.7% |
| 1985 | 236.26 billion constant 2015 US$ | +6.0% |
| 1986 | 266.80 billion constant 2015 US$ | +12.9% |
| 1987 | 303.74 billion constant 2015 US$ | +13.8% |
| 1988 | 339.58 billion constant 2015 US$ | +11.8% |
| 1989 | 367.02 billion constant 2015 US$ | +8.1% |
| 1990 | 397.70 billion constant 2015 US$ | +8.4% |
| 1991 | 440.53 billion constant 2015 US$ | +10.8% |
| 1992 | 464.99 billion constant 2015 US$ | +5.6% |
| 1993 | 497.59 billion constant 2015 US$ | +7.0% |
| 1994 | 544.27 billion constant 2015 US$ | +9.4% |
| 1995 | 582.53 billion constant 2015 US$ | +7.0% |
| 1996 | 617.38 billion constant 2015 US$ | +6.0% |
| 1997 | 640.88 billion constant 2015 US$ | +3.8% |
| 1998 | 587.08 billion constant 2015 US$ | -8.4% |
| 1999 | 648.26 billion constant 2015 US$ | +10.4% |
| 2000 | 692.70 billion constant 2015 US$ | +6.9% |
| 2001 | 719.12 billion constant 2015 US$ | +3.8% |
| 2002 | 787.25 billion constant 2015 US$ | +9.5% |
| 2003 | 804.23 billion constant 2015 US$ | +2.2% |
| 2004 | 838.67 billion constant 2015 US$ | +4.3% |
| 2005 | 855.68 billion constant 2015 US$ | +2.0% |
| 2006 | 888.71 billion constant 2015 US$ | +3.9% |
| 2007 | 940.79 billion constant 2015 US$ | +5.9% |
| 2008 | 931.51 billion constant 2015 US$ | -1.0% |
| 2009 | 946.25 billion constant 2015 US$ | +1.6% |
| 2010 | 1.02 trillion constant 2015 US$ | +8.1% |
| 2011 | 1.04 trillion constant 2015 US$ | +1.2% |
| 2012 | 1.06 trillion constant 2015 US$ | +2.4% |
| 2013 | 1.10 trillion constant 2015 US$ | +3.5% |
| 2014 | 1.13 trillion constant 2015 US$ | +2.9% |
| 2015 | 1.20 trillion constant 2015 US$ | +6.0% |
| 2016 | 1.24 trillion constant 2015 US$ | +4.0% |
| 2017 | 1.29 trillion constant 2015 US$ | +3.4% |
| 2018 | 1.30 trillion constant 2015 US$ | +1.1% |
| 2019 | 1.29 trillion constant 2015 US$ | -0.7% |
| 2020 | 1.28 trillion constant 2015 US$ | -1.1% |
| 2021 | 1.31 trillion constant 2015 US$ | +2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 118.10 billion constant 2015 US$ | 81.60 billion constant 2015 US$ | 165.34 billion constant 2015 US$ | 9 |
| 1980s | 243.41 billion constant 2015 US$ | 154.80 billion constant 2015 US$ | 367.02 billion constant 2015 US$ | 10 |
| 1990s | 542.12 billion constant 2015 US$ | 397.70 billion constant 2015 US$ | 648.26 billion constant 2015 US$ | 10 |
| 2000s | 840.49 billion constant 2015 US$ | 692.70 billion constant 2015 US$ | 946.25 billion constant 2015 US$ | 10 |
| 2010s | 1.17 trillion constant 2015 US$ | 1.02 trillion constant 2015 US$ | 1.30 trillion constant 2015 US$ | 10 |
| 2020s | 1.29 trillion constant 2015 US$ | 1.28 trillion constant 2015 US$ | 1.31 trillion constant 2015 US$ | 2 |
Countries ranked near Republic of Korea
- 8 Italy 1.53 trillion constant 2015 US$ compare
- 9 Canada 1.40 trillion constant 2015 US$ compare
- 10 Brazil 1.36 trillion constant 2015 US$ compare
- 12 Russian Federation 1.15 trillion constant 2015 US$ compare
- 13 Spain 1.03 trillion constant 2015 US$ compare
- 14 Mexico 901.72 billion constant 2015 US$ compare
More economy & growth data for Republic of Korea
- Gross domestic savings (current US$), annual growth rate 0.7232 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.3433 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 12,437 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 5.09 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 488.33 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 17.69 million current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 2.94 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.05 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 37,884 current US$ per person (2025)
- GNI (current US$), annual growth rate 0.1093 % change on previous year (2025)
Frequently asked questions
- What is adjusted net national income in Republic of Korea?
- Adjusted net national income in Republic of Korea was 1.31 trillion constant 2015 US$ in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted net national income recorded in Republic of Korea?
- The highest recorded value was 1.31 trillion constant 2015 US$ in 2021.
- What is the lowest adjusted net national income recorded in Republic of Korea?
- The lowest recorded value was 81.60 billion constant 2015 US$ in 1971.
- How does Republic of Korea rank for adjusted net national income?
- Republic of Korea ranks 11th out of 151 countries with data for 2021.
- Is adjusted net national income rising or falling in Republic of Korea?
- Over the last ten years it is up 26.6%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted net national income (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion. 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 2015. This indicator is expressed in United States dollars.