Gross domestic product (GDP) in South Korea
South Korea: Gross domestic product (GDP) was 2.14 trillion international-$ in 2011 prices in 2022. ◆ Volatile
Latest (2022)
2.14 trillion international-$ in 2011 prices
Change on year
up 2.6%
World rank
12th
of 165 countries
All-time high
2.14 trillion international-$ in 2011 prices
in 2022
All-time low
7.66 billion international-$ in 2011 prices
in 1820
Years of data
112
1820–2022
Gross domestic product (GDP) in South Korea, 1820–2022
Source: Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
In 2022, gross domestic product (gdp) in South Korea stood at 2.14 trillion international-$ in 2011 prices. That is the highest value across all 112 years on record.
The figure is up 2.6% on the previous year and up 29.7% over ten years.
Over the whole period, gross domestic product (gdp) in South Korea peaked at 2.14 trillion international-$ in 2011 prices in 2022 and was at its lowest, 7.66 billion international-$ in 2011 prices, in 1820.
That places South Korea 12th out of 165 countries with data for 2022, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1820s | 7.66 billion international-$ in 2011 prices | 7.66 billion international-$ in 2011 prices | 7.66 billion international-$ in 2011 prices | 1 |
| 1870s | 8.00 billion international-$ in 2011 prices | 8.00 billion international-$ in 2011 prices | 8.00 billion international-$ in 2011 prices | 1 |
| 1910s | 13.84 billion international-$ in 2011 prices | 11.36 billion international-$ in 2011 prices | 16.33 billion international-$ in 2011 prices | 9 |
| 1920s | 19.15 billion international-$ in 2011 prices | 16.87 billion international-$ in 2011 prices | 21.53 billion international-$ in 2011 prices | 10 |
| 1930s | 25.51 billion international-$ in 2011 prices | 22.76 billion international-$ in 2011 prices | 30.61 billion international-$ in 2011 prices | 10 |
| 1940s | 25.09 billion international-$ in 2011 prices | 17.74 billion international-$ in 2011 prices | 33.42 billion international-$ in 2011 prices | 8 |
| 1950s | 28.68 billion international-$ in 2011 prices | 20.68 billion international-$ in 2011 prices | 37.31 billion international-$ in 2011 prices | 10 |
| 1960s | 56.77 billion international-$ in 2011 prices | 38.36 billion international-$ in 2011 prices | 87.19 billion international-$ in 2011 prices | 10 |
| 1970s | 156.39 billion international-$ in 2011 prices | 95.91 billion international-$ in 2011 prices | 235.18 billion international-$ in 2011 prices | 10 |
| 1980s | 365.00 billion international-$ in 2011 prices | 231.19 billion international-$ in 2011 prices | 541.63 billion international-$ in 2011 prices | 10 |
| 1990s | 811.52 billion international-$ in 2011 prices | 594.76 billion international-$ in 2011 prices | 1.00 trillion international-$ in 2011 prices | 10 |
| 2000s | 1.30 trillion international-$ in 2011 prices | 1.09 trillion international-$ in 2011 prices | 1.48 trillion international-$ in 2011 prices | 10 |
| 2010s | 1.78 trillion international-$ in 2011 prices | 1.56 trillion international-$ in 2011 prices | 2.02 trillion international-$ in 2011 prices | 10 |
| 2020s | 2.07 trillion international-$ in 2011 prices | 2.00 trillion international-$ in 2011 prices | 2.14 trillion international-$ in 2011 prices | 3 |
Countries ranked near South Korea
- 9 France 2.67 trillion international-$ in 2011 prices compare
- 10 United Kingdom 2.62 trillion international-$ in 2011 prices compare
- 11 Turkey 2.39 trillion international-$ in 2011 prices compare
- 13 Italy 2.14 trillion international-$ in 2011 prices compare
- 14 Mexico 2.03 trillion international-$ in 2011 prices compare
- 15 Saudi Arabia 1.82 trillion international-$ in 2011 prices compare
More economy & growth data for South Korea
- External balance on goods and services as a percent of GDP 5.2% (2025)
- Inflation of consumer prices 2.1% (2025)
- GDP per capita 37,470 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 27.4% (2025)
- Gross domestic product (GDP) 1.94 trillion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 37,470 constant 2015 US$ (2025)
- DEC alternative conversion factor 1,422 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -6.93 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) -4.87 billion current US$ (2025)
- Taxes less subsidies on products 185.85 trillion current LCU (2025)
Frequently asked questions
- What is gross domestic product (gdp) in South Korea?
- Gross domestic product (gdp) in South Korea was 2.14 trillion international-$ in 2011 prices in 2022, according to Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in South Korea?
- The highest recorded value was 2.14 trillion international-$ in 2011 prices in 2022.
- What is the lowest gross domestic product (gdp) recorded in South Korea?
- The lowest recorded value was 7.66 billion international-$ in 2011 prices in 1820.
- How does South Korea rank for gross domestic product (gdp)?
- South Korea ranks 12th out of 165 countries with data for 2022.
- Is gross domestic product (gdp) rising or falling in South Korea?
- Over the last ten years it is up 29.7%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
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About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.