Gross domestic product (GDP), Constant prices, Purchasing power in Korea
Korea: Gross domestic product (GDP), Constant prices, Purchasing power was 2,209 in 2019. ◆ Volatile
Gross domestic product (GDP), Constant prices, Purchasing power in Korea, 1960–2019
Source: International Monetary Fund.
Analysis
Korea recorded 2,209 for gross domestic product (gdp), constant prices, purchasing power in 2019. That is the highest value across all 60 years on record.
Compared with earlier readings it is up 2.0% on the previous year and up 38.4% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, purchasing power in Korea peaked at 2,209 in 2019 and was at its lowest, 34.73, in 1960.
Korea ranks 14th of 193 countries on this measure, 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, Purchasing power in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 34.73 | — |
| 1961 | 37.14 | +6.9% |
| 1962 | 38.59 | +3.9% |
| 1963 | 42.07 | +9.0% |
| 1964 | 46.05 | +9.5% |
| 1965 | 49.42 | +7.3% |
| 1966 | 55.35 | +12.0% |
| 1967 | 60.38 | +9.1% |
| 1968 | 68.32 | +13.2% |
| 1969 | 78.27 | +14.6% |
| 1970 | 86.14 | +10.1% |
| 1971 | 95.23 | +10.5% |
| 1972 | 102.1 | +7.2% |
| 1973 | 117.31 | +14.9% |
| 1974 | 128.46 | +9.5% |
| 1975 | 138.53 | +7.8% |
| 1976 | 156.85 | +13.2% |
| 1977 | 176.2 | +12.3% |
| 1978 | 195.5 | +11.0% |
| 1979 | 212.45 | +8.7% |
| 1980 | 208.96 | -1.6% |
| 1981 | 224.1 | +7.2% |
| 1982 | 242.78 | +8.3% |
| 1983 | 275.26 | +13.4% |
| 1984 | 304.3 | +10.6% |
| 1985 | 328.16 | +7.8% |
| 1986 | 365.33 | +11.3% |
| 1987 | 411.81 | +12.7% |
| 1988 | 461.18 | +12.0% |
| 1989 | 493.8 | +7.1% |
| 1990 | 542.57 | +9.9% |
| 1991 | 601.05 | +10.8% |
| 1992 | 638.31 | +6.2% |
| 1993 | 682.21 | +6.9% |
| 1994 | 745.44 | +9.3% |
| 1995 | 817.11 | +9.6% |
| 1996 | 881.58 | +7.9% |
| 1997 | 935.98 | +6.2% |
| 1998 | 887.97 | -5.1% |
| 1999 | 989.79 | +11.5% |
| 2000 | 1,079 | +9.1% |
| 2001 | 1,132 | +4.9% |
| 2002 | 1,219 | +7.7% |
| 2003 | 1,258 | +3.1% |
| 2004 | 1,323 | +5.2% |
| 2005 | 1,380 | +4.3% |
| 2006 | 1,453 | +5.3% |
| 2007 | 1,537 | +5.8% |
| 2008 | 1,583 | +3.0% |
| 2009 | 1,596 | +0.8% |
| 2010 | 1,704 | +6.8% |
| 2011 | 1,767 | +3.7% |
| 2012 | 1,810 | +2.4% |
| 2013 | 1,867 | +3.2% |
| 2014 | 1,927 | +3.2% |
| 2015 | 1,981 | +2.8% |
| 2016 | 2,039 | +2.9% |
| 2017 | 2,104 | +3.2% |
| 2018 | 2,165 | +2.9% |
| 2019 | 2,209 | +2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 51.03 | 34.73 | 78.27 | 10 |
| 1970s | 140.88 | 86.14 | 212.45 | 10 |
| 1980s | 331.57 | 208.96 | 493.8 | 10 |
| 1990s | 772.2 | 542.57 | 989.79 | 10 |
| 2000s | 1,356 | 1,079 | 1,596 | 10 |
| 2010s | 1,957 | 1,704 | 2,209 | 10 |
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, purchasing power in Korea?
- Gross domestic product (gdp), constant prices, purchasing power in Korea was 2,209 in 2019, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, purchasing power recorded in Korea?
- The highest recorded value was 2,209 in 2019.
- What is the lowest gross domestic product (gdp), constant prices, purchasing power recorded in Korea?
- The lowest recorded value was 34.73 in 1960.
- How does Korea rank for gross domestic product (gdp), constant prices, purchasing power?
- Korea ranks 14th out of 193 countries with data for 2019.
- Is gross domestic product (gdp), constant prices, purchasing power rising or falling in Korea?
- Over the last ten years it is up 38.4%. 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, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Statizoid updates them automatically from the source API.
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.