Gross domestic product (GDP), Constant prices, Domestic currency in Korea
Korea: Gross domestic product (GDP), Constant prices, Domestic currency was 2,604.44 trillion in 2031. ◆ Volatile
Latest (2031)
2,604.44 trillion
Change on year
up 1.9%
World rank
2nd
of 26 countries
All-time high
2,604.44 trillion
in 2031
All-time low
188.69 trillion
in 1980
Years of data
52
1980–2031
Gross domestic product (GDP), Constant prices, Domestic currency in Korea, 1980–2031
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), constant prices, domestic currency in Korea is 2,604.44 trillion, measured in 2031. That is the highest value across all 52 years on record.
Compared with earlier readings it is up 1.9% on the previous year and up 20.9% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, domestic currency in Korea peaked at 2,604.44 trillion in 2031 and was at its lowest, 188.69 trillion, in 1980.
That places Korea 2nd out of 26 countries with data for 2031, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Constant prices, Domestic currency in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 188.69 trillion | — |
| 1981 | 202.66 trillion | +7.4% |
| 1982 | 219.83 trillion | +8.5% |
| 1983 | 249.43 trillion | +13.5% |
| 1984 | 275.96 trillion | +10.6% |
| 1985 | 297.87 trillion | +7.9% |
| 1986 | 332.13 trillion | +11.5% |
| 1987 | 374.95 trillion | +12.9% |
| 1988 | 420.44 trillion | +12.1% |
| 1989 | 450.57 trillion | +7.2% |
| 1990 | 495.74 trillion | +10.0% |
| 1991 | 549.65 trillion | +10.9% |
| 1992 | 584.56 trillion | +6.4% |
| 1993 | 625.45 trillion | +7.0% |
| 1994 | 684.07 trillion | +9.4% |
| 1995 | 750.67 trillion | +9.7% |
| 1996 | 810.65 trillion | +8.0% |
| 1997 | 861.57 trillion | +6.3% |
| 1998 | 819.02 trillion | -4.9% |
| 1999 | 914.17 trillion | +11.6% |
| 2000 | 998.29 trillion | +9.2% |
| 2001 | 1,045.47 trillion | +4.7% |
| 2002 | 1,126.43 trillion | +7.7% |
| 2003 | 1,161.06 trillion | +3.1% |
| 2004 | 1,221.25 trillion | +5.2% |
| 2005 | 1,274.47 trillion | +4.4% |
| 2006 | 1,341.32 trillion | +5.2% |
| 2007 | 1,419.68 trillion | +5.8% |
| 2008 | 1,462.33 trillion | +3.0% |
| 2009 | 1,474.32 trillion | +0.8% |
| 2010 | 1,577.25 trillion | +7.0% |
| 2011 | 1,635.42 trillion | +3.7% |
| 2012 | 1,677.09 trillion | +2.5% |
| 2013 | 1,732.29 trillion | +3.3% |
| 2014 | 1,787.97 trillion | +3.2% |
| 2015 | 1,840.19 trillion | +2.9% |
| 2016 | 1,898.55 trillion | +3.2% |
| 2017 | 1,963.73 trillion | +3.4% |
| 2018 | 2,026.10 trillion | +3.2% |
| 2019 | 2,072.98 trillion | +2.3% |
| 2020 | 2,058.47 trillion | -0.7% |
| 2021 | 2,153.42 trillion | +4.6% |
| 2022 | 2,212.16 trillion | +2.7% |
| 2023 | 2,247.18 trillion | +1.6% |
| 2024 | 2,292.20 trillion | +2.0% |
| 2025 | 2,315.29 trillion | +1.0% |
| 2026 | 2,358.40 trillion | +1.9% |
| 2027 | 2,408.49 trillion | +2.1% |
| 2028 | 2,460.50 trillion | +2.2% |
| 2029 | 2,508.94 trillion | +2.0% |
| 2030 | 2,556.20 trillion | +1.9% |
| 2031 | 2,604.44 trillion | +1.9% |
Korea compared with similar countries
- Korea's 2,604.44 trillion is above the median for high income countries, which is 2.41 trillion, 1079.7× the median. (13 countries reporting)
- Korea's 2,604.44 trillion is above the median for East Asia & Pacific, which is 3.63 trillion, 718.2× the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 301.25 trillion | 188.69 trillion | 450.57 trillion | 10 |
| 1990s | 709.55 trillion | 495.74 trillion | 914.17 trillion | 10 |
| 2000s | 1,252.46 trillion | 998.29 trillion | 1,474.32 trillion | 10 |
| 2010s | 1,821.16 trillion | 1,577.25 trillion | 2,072.98 trillion | 10 |
| 2020s | 2,301.51 trillion | 2,058.47 trillion | 2,508.94 trillion | 10 |
| 2030s | 2,580.32 trillion | 2,556.20 trillion | 2,604.44 trillion | 2 |
Countries ranked near Korea
More economy & growth data for Korea
- Foreign direct investment, net outflows (BoP, current US$), gaps 41.23 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.022 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 797.74 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 15.80 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual 22.87 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0084 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 305.78 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.39 % change on previous year (2025)
- Total reserves (includes gold, current US$), per unit of GDP 0.2332 includes gold, current US$ per US$ of GDP (2025)
- Total reserves (includes gold, current US$), per capita 8,447 includes gold, current US$ per person (2025)
Frequently asked questions
- What is gross domestic product (gdp), constant prices, domestic currency in Korea?
- Gross domestic product (gdp), constant prices, domestic currency in Korea was 2,604.44 trillion in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, domestic currency recorded in Korea?
- The highest recorded value was 2,604.44 trillion in 2031.
- What is the lowest gross domestic product (gdp), constant prices, domestic currency recorded in Korea?
- The lowest recorded value was 188.69 trillion in 1980.
- How does Korea rank for gross domestic product (gdp), constant prices, domestic currency?
- Korea ranks 2nd out of 26 countries with data for 2031.
- Is gross domestic product (gdp), constant prices, domestic currency rising or falling in Korea?
- Over the last ten years it is up 20.9%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Domestic currency (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.