Gross Domestic Product, GDP in millions constant 2021 … annual in South Korea
South Korea: Gross Domestic Product, GDP in millions constant 2021 … annual was 2.15 % change on previous year in 2027. ◆ Volatile
Gross Domestic Product, GDP in millions constant 2021 international $ in South Korea, 1992–2027
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2027, gross domestic product, gdp in millions constant 2021 international $ in South Korea stood at 2.15 % change on previous year.
Compared with earlier readings it is up 17.6% on the previous year and down 31.9% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in South Korea peaked at 11.47 % change on previous year in 1999 and was at its lowest, -5.13 % change on previous year, in 1998.
South Korea ranks 143rd of 189 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product, GDP in millions constant 2021 … annual in South Korea, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1992 | 6.2 % change on previous year | — |
| 1993 | 6.88 % change on previous year | +11.0% |
| 1994 | 9.27 % change on previous year | +34.8% |
| 1995 | 9.61 % change on previous year | +3.7% |
| 1996 | 7.89 % change on previous year | -17.9% |
| 1997 | 6.17 % change on previous year | -21.8% |
| 1998 | -5.13 % change on previous year | -183.1% |
| 1999 | 11.47 % change on previous year | -323.6% |
| 2000 | 9.06 % change on previous year | -21.0% |
| 2001 | 4.85 % change on previous year | -46.4% |
| 2002 | 7.72 % change on previous year | +59.2% |
| 2003 | 3.15 % change on previous year | -59.3% |
| 2004 | 5.2 % change on previous year | +65.2% |
| 2005 | 4.31 % change on previous year | -17.1% |
| 2006 | 5.26 % change on previous year | +22.2% |
| 2007 | 5.8 % change on previous year | +10.2% |
| 2008 | 3.01 % change on previous year | -48.0% |
| 2009 | 0.7925 % change on previous year | -73.7% |
| 2010 | 6.81 % change on previous year | +758.7% |
| 2011 | 3.69 % change on previous year | -45.8% |
| 2012 | 2.4 % change on previous year | -34.8% |
| 2013 | 3.16 % change on previous year | +31.7% |
| 2014 | 3.2 % change on previous year | +1.2% |
| 2015 | 2.81 % change on previous year | -12.3% |
| 2016 | 2.95 % change on previous year | +4.9% |
| 2017 | 3.16 % change on previous year | +7.2% |
| 2018 | 2.91 % change on previous year | -8.0% |
| 2019 | 2.24 % change on previous year | -22.8% |
| 2020 | -0.6999 % change on previous year | -131.2% |
| 2021 | 4.61 % change on previous year | -759.1% |
| 2022 | 2.73 % change on previous year | -40.9% |
| 2023 | 1.58 % change on previous year | -42.0% |
| 2024 | 2 % change on previous year | +26.6% |
| 2025 | 0.896 % change on previous year | -55.3% |
| 2026 | 1.83 % change on previous year | +104.2% |
| 2027 | 2.15 % change on previous year | +17.6% |
South Korea compared with similar countries
- South Korea's 2.15 % change on previous year is below the median for high income countries, which is 2.26 % change on previous year, 95% of the median. (62 countries reporting)
- South Korea's 2.15 % change on previous year is below the median for East Asia & Pacific, which is 2.95 % change on previous year, 73% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product, GDP in millions constant 2021 … annual in South 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 | +758.7% | 0.7925 % change on previous year | 6.81 % change on previous year |
| 2021 | +759.1% | -0.6999 % change on previous year | 4.61 % change on previous year |
| 1999 | +323.6% | -5.13 % change on previous year | 11.47 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.54 % change on previous year | -5.13 % change on previous year | 11.47 % change on previous year | 8 |
| 2000s | 4.92 % change on previous year | 0.7925 % change on previous year | 9.06 % change on previous year | 10 |
| 2010s | 3.33 % change on previous year | 2.24 % change on previous year | 6.81 % change on previous year | 10 |
| 2020s | 1.89 % change on previous year | -0.6999 % change on previous year | 4.61 % change on previous year | 8 |
Countries ranked near South Korea
- 140 Afghanistan 2.19 % change on previous year compare
- 141 Belize 2.17 % change on previous year compare
- 142 Australia 2.15 % change on previous year compare
- 144 Lithuania 2.13 % change on previous year compare
- 145 Eritrea 2.07 % change on previous year compare
- 146 United States 2.06 % change on previous year compare
More economy & growth data for South Korea
- Real gdp growth, annual growth rate -49.75 % change on previous year (2025)
- SDRs holdings, US dollar, annual growth rate 7.89 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0085 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 307.17 units per person (2025)
- SDRs holdings, SDR, annual growth rate 2.74 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0062 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 224.29 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.58 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0047 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 168.75 units per person (2025)
Frequently asked questions
- What is gross domestic product, gdp in millions constant 2021 international $ in South Korea?
- Gross domestic product, gdp in millions constant 2021 international $ in South Korea was 2.15 % change on previous year in 2027, according to Statizoid (derived).
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in South Korea?
- The highest recorded value was 11.47 % change on previous year in 1999.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in South Korea?
- The lowest recorded value was -5.13 % change on previous year in 1998.
- How does South Korea rank for gross domestic product, gdp in millions constant 2021 international $?
- South Korea ranks 143rd out of 189 countries with data for 2027.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in South Korea?
- Over the last ten years it is down 31.9%. The long-run trend across the full record is volatile.
- Where does this South Korea data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product, GDP in millions constant 2021 international $ International Labour Organization
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.