Gross domestic product (GDP), Current prices, US dollar in Republic of Korea
Republic of Korea: Gross domestic product (GDP), Current prices, US dollar was 2.36 trillion in 2031. ◆ Volatile
Gross domestic product (GDP), Current prices, US dollar in Republic of Korea, 1980–2031
Source: International Monetary Fund.
Analysis
In 2031, gross domestic product (gdp), current prices, us dollar in Republic of Korea stood at 2.36 trillion. That is the highest value across all 52 years on record.
The figure is up 4.0% on the previous year and up 21.4% over ten years.
Over the whole period, gross domestic product (gdp), current prices, us dollar in Republic of Korea peaked at 2.36 trillion in 2031 and was at its lowest, 66.52 billion, in 1980.
That places Republic of Korea 5th out of 26 countries with data for 2031, putting it 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, US dollar in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 66.52 billion | — |
| 1981 | 74.29 billion | +11.7% |
| 1982 | 79.91 billion | +7.6% |
| 1983 | 89.62 billion | +12.1% |
| 1984 | 99.75 billion | +11.3% |
| 1985 | 103.76 billion | +4.0% |
| 1986 | 119.97 billion | +15.6% |
| 1987 | 152.24 billion | +26.9% |
| 1988 | 205.48 billion | +35.0% |
| 1989 | 254.24 billion | +23.7% |
| 1990 | 292.06 billion | +14.9% |
| 1991 | 340.86 billion | +16.7% |
| 1992 | 366.91 billion | +7.6% |
| 1993 | 405.77 billion | +10.6% |
| 1994 | 478.99 billion | +18.0% |
| 1995 | 586.30 billion | +22.4% |
| 1996 | 631.19 billion | +7.7% |
| 1997 | 590.07 billion | -6.5% |
| 1998 | 396.80 billion | -32.8% |
| 1999 | 515.43 billion | +29.9% |
| 2000 | 597.80 billion | +16.0% |
| 2001 | 567.65 billion | -5.0% |
| 2002 | 649.75 billion | +14.5% |
| 2003 | 728.50 billion | +12.1% |
| 2004 | 822.58 billion | +12.9% |
| 2005 | 971.54 billion | +18.1% |
| 2006 | 1.09 trillion | +12.7% |
| 2007 | 1.22 trillion | +11.5% |
| 2008 | 1.09 trillion | -10.4% |
| 2009 | 982.85 billion | -10.1% |
| 2010 | 1.19 trillion | +21.4% |
| 2011 | 1.31 trillion | +9.6% |
| 2012 | 1.34 trillion | +2.1% |
| 2013 | 1.43 trillion | +7.4% |
| 2014 | 1.56 trillion | +8.5% |
| 2015 | 1.54 trillion | -1.1% |
| 2016 | 1.58 trillion | +2.6% |
| 2017 | 1.71 trillion | +8.3% |
| 2018 | 1.82 trillion | +6.7% |
| 2019 | 1.75 trillion | -4.0% |
| 2020 | 1.74 trillion | -0.4% |
| 2021 | 1.94 trillion | +11.3% |
| 2022 | 1.80 trillion | -7.4% |
| 2023 | 1.84 trillion | +2.5% |
| 2024 | 1.88 trillion | +1.7% |
| 2025 | 1.87 trillion | -0.2% |
| 2026 | 1.93 trillion | +3.1% |
| 2027 | 2.01 trillion | +4.1% |
| 2028 | 2.09 trillion | +4.2% |
| 2029 | 2.18 trillion | +4.2% |
| 2030 | 2.27 trillion | +3.9% |
| 2031 | 2.36 trillion | +4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 124.58 billion | 66.52 billion | 254.24 billion | 10 |
| 1990s | 460.44 billion | 292.06 billion | 631.19 billion | 10 |
| 2000s | 872.95 billion | 567.65 billion | 1.22 trillion | 10 |
| 2010s | 1.52 trillion | 1.19 trillion | 1.82 trillion | 10 |
| 2020s | 1.93 trillion | 1.74 trillion | 2.18 trillion | 10 |
| 2030s | 2.31 trillion | 2.27 trillion | 2.36 trillion | 2 |
Countries ranked near Republic of Korea
More economy & growth data for Republic of Korea
- Final consumption expenditure (constant 2015 US$), per capita 24,301 constant 2015 US$ per person (2025)
- Gross national expenditure (current US$), annual growth rate -1.35 % change on previous year (2025)
- Gross national expenditure (current US$), per unit of GDP 0.948 current US$ per US$ of GDP (2025)
- Gross national expenditure (current US$), per capita 34,344 current US$ per person (2025)
- Gross national expenditure (current LCU), annual growth rate 2.92 % change on previous year (2025)
- Gross national expenditure (current LCU), per unit of GDP 1,348 current LCU per US$ of GDP (2025)
- Gross national expenditure (current LCU), per capita 48.85 million current LCU per person (2025)
- Gross national expenditure (constant 2015 US$), annual growth rate 0.6957 % change on previous year (2025)
- Gross national expenditure (constant 2015 US$), per unit of GDP 0.9523 constant 2015 US$ per US$ of GDP (2025)
- Gross national expenditure (constant 2015 US$), per capita 34,500 constant 2015 US$ per person (2025)
Frequently asked questions
- What is gross domestic product (gdp), current prices, us dollar in Republic of Korea?
- Gross domestic product (gdp), current prices, us dollar in Republic of Korea was 2.36 trillion in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, us dollar recorded in Republic of Korea?
- The highest recorded value was 2.36 trillion in 2031.
- What is the lowest gross domestic product (gdp), current prices, us dollar recorded in Republic of Korea?
- The lowest recorded value was 66.52 billion in 1980.
- How does Republic of Korea rank for gross domestic product (gdp), current prices, us dollar?
- Republic of Korea ranks 5th out of 26 countries with data for 2031.
- Is gross domestic product (gdp), current prices, us dollar rising or falling in Republic of Korea?
- Over the last ten years it is up 21.4%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Current prices, US dollar (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.