Adjusted net national income per capita in Republic of Korea
Republic of Korea: Adjusted net national income per capita was 2.8% in 2021. ◆ Volatile
Adjusted net national income per capita in Republic of Korea, 1972–2021
Source: Staff estimates, World Bank (WB). Measured in annual % growth.
Analysis
Republic of Korea recorded 2.8% for adjusted net national income per capita in 2021.
The figure is up 321.7% on the previous year and up 557.7% over ten years.
Over the whole period, adjusted net national income per capita in Republic of Korea peaked at 14.6% in 1976 and was at its lowest, -9.1%, in 1998.
That places Republic of Korea 80th out of 154 countries with data for 2021, putting it 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 per capita in Republic of Korea, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1972 | 5.9% | — |
| 1973 | 9.3% | +57.3% |
| 1974 | 2.2% | -76.7% |
| 1975 | 3.8% | +73.4% |
| 1976 | 14.6% | +286.9% |
| 1977 | 9.6% | -34.2% |
| 1978 | 10.0% | +3.5% |
| 1979 | 4.6% | -53.9% |
| 1980 | -7.8% | -270.3% |
| 1981 | 4.0% | -151.5% |
| 1982 | 7.1% | +75.5% |
| 1983 | 11.6% | +64.0% |
| 1984 | 9.3% | -19.6% |
| 1985 | 4.9% | -47.2% |
| 1986 | 11.8% | +139.9% |
| 1987 | 12.7% | +7.8% |
| 1988 | 10.7% | -15.9% |
| 1989 | 7.0% | -34.5% |
| 1990 | 7.3% | +4.0% |
| 1991 | 9.7% | +32.6% |
| 1992 | 4.5% | -53.9% |
| 1993 | 5.9% | +32.9% |
| 1994 | 8.3% | +39.8% |
| 1995 | 6.0% | -28.1% |
| 1996 | 5.0% | -16.5% |
| 1997 | 2.8% | -43.0% |
| 1998 | -9.1% | -419.1% |
| 1999 | 9.6% | -206.5% |
| 2000 | 6.0% | -38.1% |
| 2001 | 3.0% | -49.4% |
| 2002 | 8.8% | +192.9% |
| 2003 | 1.6% | -81.6% |
| 2004 | 3.9% | +137.6% |
| 2005 | 1.8% | -53.2% |
| 2006 | 3.3% | +83.0% |
| 2007 | 5.3% | +60.6% |
| 2008 | -1.7% | -132.6% |
| 2009 | 1.1% | -161.1% |
| 2010 | 7.6% | +616.6% |
| 2011 | 0.4% | -94.4% |
| 2012 | 1.8% | +323.2% |
| 2013 | 3.0% | +66.3% |
| 2014 | 2.2% | -26.4% |
| 2015 | 5.5% | +145.5% |
| 2016 | 3.6% | -33.7% |
| 2017 | 3.2% | -12.9% |
| 2018 | 0.7% | -79.0% |
| 2019 | -1.1% | -264.8% |
| 2020 | -1.3% | +17.0% |
| 2021 | 2.8% | -321.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.5% | 2.2% | 14.6% | 8 |
| 1980s | 7.1% | -7.8% | 12.7% | 10 |
| 1990s | 5.0% | -9.1% | 9.7% | 10 |
| 2000s | 3.3% | -1.7% | 8.8% | 10 |
| 2010s | 2.7% | -1.1% | 7.6% | 10 |
| 2020s | 0.8% | -1.3% | 2.8% | 2 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Gross capital formation (constant 2015 US$), annual growth rate -1.74 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2815 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 10,198 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 0.6183 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.406 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 14,708 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 4.98 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 577.49 current LCU per US$ of GDP (2025)
- Imports of goods and services (current LCU), per capita 20.92 million current LCU per person (2025)
- Imports of goods and services (constant 2015 US$), annual growth rate 3.84 % change on previous year (2025)
Frequently asked questions
- What is adjusted net national income per capita in Republic of Korea?
- Adjusted net national income per capita in Republic of Korea was 2.8% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted net national income per capita recorded in Republic of Korea?
- The highest recorded value was 14.6% in 1976.
- What is the lowest adjusted net national income per capita recorded in Republic of Korea?
- The lowest recorded value was -9.1% in 1998.
- How does Republic of Korea rank for adjusted net national income per capita?
- Republic of Korea ranks 80th out of 154 countries with data for 2021.
- Is adjusted net national income per capita rising or falling in Republic of Korea?
- Over the last ten years it is up 557.7%. 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 per capita (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. The core indicator has been divided by the general population to achieve a per capita estimate. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.