Gross domestic product (GDP), Constant prices, Purchasing power in Korea
Korea: Gross domestic product (GDP), Constant prices, Purchasing power was 2.07 in 2031. ◆ Volatile
Gross domestic product (GDP), Constant prices, Purchasing power in Korea, 1990–2031
Source: International Monetary Fund.
Analysis
In 2031, gross domestic product (gdp), constant prices, purchasing power in Korea stood at 2.07.
The figure is up 2.2% on the previous year and down 56.5% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, purchasing power in Korea peaked at 10.83 in 1999 and was at its lowest, -5.62, in 1998.
That places Korea 19th out of 37 countries with data for 2031, putting it in the middle of the range.
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 |
|---|---|---|
| 1990 | 8.95 | — |
| 1991 | 9.78 | +9.4% |
| 1992 | 5.25 | -46.3% |
| 1993 | 5.91 | +12.6% |
| 1994 | 8.28 | +40.0% |
| 1995 | 8.64 | +4.4% |
| 1996 | 6.97 | -19.3% |
| 1997 | 5.29 | -24.1% |
| 1998 | -5.62 | -206.3% |
| 1999 | 10.83 | -292.6% |
| 2000 | 8.29 | -23.4% |
| 2001 | 3.93 | -52.7% |
| 2002 | 7.12 | +81.5% |
| 2003 | 2.54 | -64.3% |
| 2004 | 4.77 | +87.6% |
| 2005 | 4.14 | -13.2% |
| 2006 | 4.69 | +13.5% |
| 2007 | 5.31 | +13.1% |
| 2008 | 2.23 | -58.1% |
| 2009 | 0.3023 | -86.4% |
| 2010 | 6.45 | +2033.6% |
| 2011 | 2.89 | -55.1% |
| 2012 | 2.01 | -30.5% |
| 2013 | 2.82 | +40.4% |
| 2014 | 2.57 | -9.0% |
| 2015 | 2.38 | -7.4% |
| 2016 | 2.76 | +16.1% |
| 2017 | 3.14 | +13.8% |
| 2018 | 2.73 | -13.1% |
| 2019 | 1.96 | -28.3% |
| 2020 | -0.8371 | -142.7% |
| 2021 | 4.75 | -667.2% |
| 2022 | 2.92 | -38.5% |
| 2023 | 1.5 | -48.5% |
| 2024 | 1.93 | +28.2% |
| 2025 | 1.14 | -41.0% |
| 2026 | 2 | +75.9% |
| 2027 | 2.28 | +14.1% |
| 2028 | 2.3 | +0.7% |
| 2029 | 2.13 | -7.4% |
| 2030 | 2.02 | -4.9% |
| 2031 | 2.07 | +2.2% |
Korea compared with similar countries
- Korea's 2.07 is above the median for high income countries, which is 1.61, 1.3× the median. (9 countries reporting)
- Korea's 2.07 is above the median for East Asia & Pacific, which is 1.7, 1.2× the median. (30 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Constant prices, Purchasing power in Korea changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +2033.6% | 0.3023 | 6.45 |
| 2021 | +667.2% | -0.8371 | 4.75 |
| 1999 | +292.6% | -5.62 | 10.83 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.43 | -5.62 | 10.83 | 10 |
| 2000s | 4.33 | 0.3023 | 8.29 | 10 |
| 2010s | 2.97 | 1.96 | 6.45 | 10 |
| 2020s | 2.01 | -0.8371 | 4.75 | 10 |
| 2030s | 2.04 | 2.02 | 2.07 | 2 |
Countries ranked near Korea
- 16 Chinese Taipei 2.57 compare
- 17 Palau 2.45 compare
- 18 Maldives 2.3 compare
- 20 Lao People's Democratic Republic 1.84 compare
- 21 Brunei Darussalam 1.83 compare
- 22 Timor-Leste 1.72 compare
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 2.07 in 2031, 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 10.83 in 1999.
- What is the lowest gross domestic product (gdp), constant prices, purchasing power recorded in Korea?
- The lowest recorded value was -5.62 in 1998.
- How does Korea rank for gross domestic product (gdp), constant prices, purchasing power?
- Korea ranks 19th out of 37 countries with data for 2031.
- Is gross domestic product (gdp), constant prices, purchasing power rising or falling in Korea?
- Over the last ten years it is down 56.5%. 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) per capita percent change (National Accounts Statistics (SNA)). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
APD Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in Asia and the Pacific. Data for the REO for Asia and Pacific is prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall. Data are consistent with the projections underlying the WEO. REO aggregate data may differ from WEO aggregates due to differences in group membership. Composite data for country groups are weighted averages of data for individual countries. Arithmetic weighted averages are used for all concepts except for inflation and broad money, for which geometric averages are used. PPP GDP weights from the WEO database are used for the aggregation of real GDP growth, real non-oil GDP growth, real per capita GDP growth, investment, national savings, broad money, claims on the nonfinancial private sector, and real and nominal effective exchange rates. Aggregates for other concepts are weighted by GDP in U.S. dollars at market exchange rates.