Gross Domestic Product, GDP in millions constant 2021 international $ in Korea
Korea: Gross Domestic Product, GDP in millions constant 2021 international $ was 2.15 % change on previous year in 2027. ◆ Volatile
Gross Domestic Product, GDP in millions constant 2021 international $ in 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 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 Korea peaked at 11.47 % change on previous year in 1999 and was at its lowest, -5.13 % change on previous year, in 1998.
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 international $ in 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% |
Biggest year-on-year movements
Years where Gross Domestic Product, GDP in millions constant 2021 international $ 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 | +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 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 of America 2.06 % change on previous year 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 in millions constant 2021 international $ in Korea?
- Gross domestic product, gdp in millions constant 2021 international $ in 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 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 Korea?
- The lowest recorded value was -5.13 % change on previous year in 1998.
- How does Korea rank for gross domestic product, gdp in millions constant 2021 international $?
- 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 Korea?
- Over the last ten years it is down 31.9%. The long-run trend across the full record is volatile.
- Where does this 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
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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.