Gross domestic product (GDP), Current prices, Purchasing power parity in Korea
Korea: Gross domestic product (GDP), Current prices, Purchasing power parity was 4.29 trillion in 2031. ◆ Volatile
Gross domestic product (GDP), Current prices, Purchasing power parity in Korea, 1980–2031
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), current prices, purchasing power parity in Korea is 4.29 trillion, measured in 2031. That is the highest value across all 52 years on record.
That represents a change of up 3.7% on the previous year and up 59.6% over ten years.
Over the whole period, gross domestic product (gdp), current prices, purchasing power parity in Korea peaked at 4.29 trillion in 2031 and was at its lowest, 83.86 billion, in 1980.
Korea ranks 4th of 26 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Current prices, Purchasing power parity in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 83.86 billion | — |
| 1981 | 98.59 billion | +17.6% |
| 1982 | 113.54 billion | +15.2% |
| 1983 | 133.88 billion | +17.9% |
| 1984 | 153.47 billion | +14.6% |
| 1985 | 170.89 billion | +11.4% |
| 1986 | 194.38 billion | +13.7% |
| 1987 | 224.88 billion | +15.7% |
| 1988 | 261.06 billion | +16.1% |
| 1989 | 290.73 billion | +11.4% |
| 1990 | 331.85 billion | +14.1% |
| 1991 | 380.38 billion | +14.6% |
| 1992 | 413.76 billion | +8.8% |
| 1993 | 453.19 billion | +9.5% |
| 1994 | 506.25 billion | +11.7% |
| 1995 | 567.18 billion | +12.0% |
| 1996 | 623.72 billion | +10.0% |
| 1997 | 674.33 billion | +8.1% |
| 1998 | 648.23 billion | -3.9% |
| 1999 | 733.78 billion | +13.2% |
| 2000 | 819.45 billion | +11.7% |
| 2001 | 877.50 billion | +7.1% |
| 2002 | 960.15 billion | +9.4% |
| 2003 | 1.01 trillion | +5.1% |
| 2004 | 1.09 trillion | +8.0% |
| 2005 | 1.17 trillion | +7.6% |
| 2006 | 1.27 trillion | +8.5% |
| 2007 | 1.38 trillion | +8.7% |
| 2008 | 1.45 trillion | +5.0% |
| 2009 | 1.47 trillion | +1.4% |
| 2010 | 1.60 trillion | +8.3% |
| 2011 | 1.69 trillion | +5.8% |
| 2012 | 1.76 trillion | +4.5% |
| 2013 | 1.85 trillion | +5.0% |
| 2014 | 1.95 trillion | +5.0% |
| 2015 | 2.02 trillion | +3.9% |
| 2016 | 2.11 trillion | +4.2% |
| 2017 | 2.22 trillion | +5.3% |
| 2018 | 2.35 trillion | +5.9% |
| 2019 | 2.41 trillion | +2.6% |
| 2020 | 2.48 trillion | +3.1% |
| 2021 | 2.69 trillion | +8.2% |
| 2022 | 2.96 trillion | +10.0% |
| 2023 | 3.11 trillion | +5.3% |
| 2024 | 3.25 trillion | +4.5% |
| 2025 | 3.38 trillion | +3.9% |
| 2026 | 3.54 trillion | +4.8% |
| 2027 | 3.70 trillion | +4.4% |
| 2028 | 3.84 trillion | +3.8% |
| 2029 | 3.98 trillion | +3.8% |
| 2030 | 4.13 trillion | +3.8% |
| 2031 | 4.29 trillion | +3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 172.53 billion | 83.86 billion | 290.73 billion | 10 |
| 1990s | 533.27 billion | 331.85 billion | 733.78 billion | 10 |
| 2000s | 1.15 trillion | 819.45 billion | 1.47 trillion | 10 |
| 2010s | 1.99 trillion | 1.60 trillion | 2.41 trillion | 10 |
| 2020s | 3.29 trillion | 2.48 trillion | 3.98 trillion | 10 |
| 2030s | 4.21 trillion | 4.13 trillion | 4.29 trillion | 2 |
Countries ranked near Korea
More economy & growth data for Korea
- Total reserves minus gold (current US$), annual growth rate 3.04 % change on previous year (2025)
- Total reserves minus gold (current US$), per unit of GDP 0.2253 current US$ per US$ of GDP (2025)
- Total reserves minus gold (current US$), per capita 8,163 current US$ per person (2025)
- General government final consumption expenditure (current US$) 0.7703 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1765 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 6,393 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 5.14 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 251.03 current LCU per US$ of GDP (2025)
- General government final consumption expenditure (current LCU), per 9.09 million current LCU per person (2025)
- General government final consumption expenditure (constant 2015 US$) 2.96 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), current prices, purchasing power parity in Korea?
- Gross domestic product (gdp), current prices, purchasing power parity in Korea was 4.29 trillion in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, purchasing power parity recorded in Korea?
- The highest recorded value was 4.29 trillion in 2031.
- What is the lowest gross domestic product (gdp), current prices, purchasing power parity recorded in Korea?
- The lowest recorded value was 83.86 billion in 1980.
- How does Korea rank for gross domestic product (gdp), current prices, purchasing power parity?
- Korea ranks 4th out of 26 countries with data for 2031.
- Is gross domestic product (gdp), current prices, purchasing power parity rising or falling in Korea?
- Over the last ten years it is up 59.6%. 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), Current prices, Purchasing power parity (PPP) international dollar, ICP benchmarks 2017-2021 (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.