Gross Domestic Product, GDP in millions constant 2021 international $ in Korea
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 Korea, 1991–2027
Source: International Labour Organization.
Analysis
The most recent figure for gross domestic product, gdp in millions constant 2021 international $ in 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 Korea peaked at 2.81 million in 2027 and was at its lowest, 657,258, in 1991.
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 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% |
Korea compared with similar countries
- Korea's 2.81 million is above the median for high income countries, which is 390,765, 7.2× the median. (62 countries reporting)
- 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 Korea
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 2.81 million in 2027, according to International Labour Organization.
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in 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 Korea?
- The lowest recorded value was 657,258 in 1991.
- How does Korea rank for gross domestic product, gdp in millions constant 2021 international $?
- 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 Korea?
- Over the last ten years it is up 22.1%. The long-run trend across the full record is rising.
- Where does this 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.