Gross Domestic Product, GDP in millions constant 2021 international $ in South Korea
South Korea: Gross Domestic Product, GDP in millions constant 2021 international $ was 2.81 million in 2027. ▲ Rising
Gross Domestic Product, GDP in millions constant 2021 international $ in South Korea, 1991–2027
Source: International Labour Organization.
Analysis
The most recent figure for gross domestic product, gdp in millions constant 2021 international $ in South Korea is 2.81 million, measured in 2027. That is the highest value across all 37 years on record.
That represents a change of up 2.2% on the previous year and up 22.1% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in South Korea peaked at 2.81 million in 2027 and was at its lowest, 657,258, in 1991.
South Korea ranks 14th of 188 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 37 years of available data.
Gross Domestic Product, GDP in millions constant 2021 international $ in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 657,258 | — |
| 1992 | 697,999 | +6.2% |
| 1993 | 746,004 | +6.9% |
| 1994 | 815,148 | +9.3% |
| 1995 | 893,521 | +9.6% |
| 1996 | 964,026 | +7.9% |
| 1997 | 1.02 million | +6.2% |
| 1998 | 971,011 | -5.1% |
| 1999 | 1.08 million | +11.5% |
| 2000 | 1.18 million | +9.1% |
| 2001 | 1.24 million | +4.9% |
| 2002 | 1.33 million | +7.7% |
| 2003 | 1.38 million | +3.1% |
| 2004 | 1.45 million | +5.2% |
| 2005 | 1.51 million | +4.3% |
| 2006 | 1.59 million | +5.3% |
| 2007 | 1.68 million | +5.8% |
| 2008 | 1.73 million | +3.0% |
| 2009 | 1.75 million | +0.8% |
| 2010 | 1.86 million | +6.8% |
| 2011 | 1.93 million | +3.7% |
| 2012 | 1.98 million | +2.4% |
| 2013 | 2.04 million | +3.2% |
| 2014 | 2.11 million | +3.2% |
| 2015 | 2.17 million | +2.8% |
| 2016 | 2.23 million | +2.9% |
| 2017 | 2.30 million | +3.2% |
| 2018 | 2.37 million | +2.9% |
| 2019 | 2.42 million | +2.2% |
| 2020 | 2.40 million | -0.7% |
| 2021 | 2.51 million | +4.6% |
| 2022 | 2.58 million | +2.7% |
| 2023 | 2.62 million | +1.6% |
| 2024 | 2.68 million | +2.0% |
| 2025 | 2.70 million | +0.9% |
| 2026 | 2.75 million | +1.8% |
| 2027 | 2.81 million | +2.2% |
South Korea compared with similar countries
- South Korea's 2.81 million is above the median for high income countries, which is 390,765, 7.2× the median. (62 countries reporting)
- South Korea's 2.81 million is above the median for East Asia & Pacific, which is 84,340, 33.3× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 872,315 | 657,258 | 1.08 million | 9 |
| 2000s | 1.48 million | 1.18 million | 1.75 million | 10 |
| 2010s | 2.14 million | 1.86 million | 2.42 million | 10 |
| 2020s | 2.63 million | 2.40 million | 2.81 million | 8 |
Countries ranked near South Korea
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 2.81 million in 2027, according to International Labour Organization.
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in South Korea?
- The highest recorded value was 2.81 million in 2027.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in South Korea?
- The lowest recorded value was 657,258 in 1991.
- How does South Korea rank for gross domestic product, gdp in millions constant 2021 international $?
- South Korea ranks 14th out of 188 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 up 22.1%. The long-run trend across the full record is rising.
- Where does this South Korea data come from?
- The figures come from International Labour Organization, published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 37 observations, free to reuse under ILO Terms of Use (attribution required).
About this data
Gross Domestic Product (GDP), Purchasing Power Parity (millions of PPP, constant 2021 international dollars) is a measure to assess the total economic output of a country, adjusted for differences in the purchasing power of the different currencies relative to the US dollar. It is derived from the World Development Indicators of the World Bank. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.