GDP price levels relative to the US in South Korea
South Korea: GDP price levels relative to the US was 0.5936 in 2024. ▼ Falling
GDP price levels relative to the US in South Korea, 1990–2024
Source: World Development Indicators - World Bank (2026) – processed by Our World in Data.
Analysis
The most recent figure for gdp price levels relative to the us in South Korea is 0.5936, measured in 2024.
The figure is down 4.4% on the previous year and down 28.3% over ten years.
Over the whole period, gdp price levels relative to the us in South Korea peaked at 0.934 in 1995 and was at its lowest, 0.5538, in 1998.
South Korea ranks 65th of 202 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 35 years of available data.
GDP price levels relative to the US in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 0.7952 | — |
| 1991 | 0.8096 | +1.8% |
| 1992 | 0.8012 | -1.0% |
| 1993 | 0.8089 | +0.9% |
| 1994 | 0.8552 | +5.7% |
| 1995 | 0.934 | +9.2% |
| 1996 | 0.9144 | -2.1% |
| 1997 | 0.7895 | -13.7% |
| 1998 | 0.5538 | -29.9% |
| 1999 | 0.635 | +14.7% |
| 2000 | 0.6607 | +4.1% |
| 2001 | 0.5861 | -11.3% |
| 2002 | 0.6153 | +5.0% |
| 2003 | 0.6637 | +7.9% |
| 2004 | 0.6944 | +4.6% |
| 2005 | 0.7703 | +10.9% |
| 2006 | 0.8083 | +4.9% |
| 2007 | 0.8289 | +2.5% |
| 2008 | 0.713 | -14.0% |
| 2009 | 0.6486 | -9.0% |
| 2010 | 0.7268 | +12.1% |
| 2011 | 0.7711 | +6.1% |
| 2012 | 0.7587 | -1.6% |
| 2013 | 0.7937 | +4.6% |
| 2014 | 0.8281 | +4.3% |
| 2015 | 0.7582 | -8.4% |
| 2016 | 0.7399 | -2.4% |
| 2017 | 0.7716 | +4.3% |
| 2018 | 0.777 | +0.7% |
| 2019 | 0.7273 | -6.4% |
| 2020 | 0.7027 | -3.4% |
| 2021 | 0.7254 | +3.2% |
| 2022 | 0.6273 | -13.5% |
| 2023 | 0.6212 | -1.0% |
| 2024 | 0.5936 | -4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7897 | 0.5538 | 0.934 | 10 |
| 2000s | 0.6989 | 0.5861 | 0.8289 | 10 |
| 2010s | 0.7652 | 0.7268 | 0.8281 | 10 |
| 2020s | 0.654 | 0.5936 | 0.7254 | 5 |
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 gdp price levels relative to the us in South Korea?
- Gdp price levels relative to the us in South Korea was 0.5936 in 2024, according to World Development Indicators - World Bank (2026) – processed by Our World in Data.
- What is the highest gdp price levels relative to the us recorded in South Korea?
- The highest recorded value was 0.934 in 1995.
- What is the lowest gdp price levels relative to the us recorded in South Korea?
- The lowest recorded value was 0.5538 in 1998.
- How does South Korea rank for gdp price levels relative to the us?
- South Korea ranks 65th out of 202 countries with data for 2024.
- Is gdp price levels relative to the us rising or falling in South Korea?
- Over the last ten years it is down 28.3%. The long-run trend across the full record is falling.
- Where does this South Korea data come from?
- The figures come from World Development Indicators - World Bank (2026) – processed by Our World in Data, published as part of GDP price levels relative to the US. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Ratio of Purchasing Power Parity (PPP) conversion factor to market exchange rate.