Gross domestic product (GDP), Purchasing power parity (PPP) in Korea
Korea: Gross domestic product (GDP), Purchasing power parity (PPP) was 1.51 in 2031. ▲ Rising
Gross domestic product (GDP), Purchasing power parity (PPP) in Korea, 1980–2031
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), purchasing power parity (ppp) in Korea is 1.51, measured in 2031.
The figure is down 1.1% on the previous year and down 11.9% over ten years.
Over the whole period, gross domestic product (gdp), purchasing power parity (ppp) in Korea peaked at 1.81 in 2010 and was at its lowest, 0.6338, in 1980.
That places Korea 4th out of 26 countries with data for 2031, putting it in the top quarter.
The long-run direction has been consistently rising across the 52 years of available data.
Gross domestic product (GDP), Purchasing power parity (PPP) in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.6338 | — |
| 1981 | 0.6651 | +4.9% |
| 1982 | 0.7177 | +7.9% |
| 1983 | 0.7943 | +10.7% |
| 1984 | 0.8411 | +5.9% |
| 1985 | 0.8764 | +4.2% |
| 1986 | 0.9464 | +8.0% |
| 1987 | 1.03 | +8.7% |
| 1988 | 1.1 | +7.4% |
| 1989 | 1.14 | +3.4% |
| 1990 | 1.21 | +5.8% |
| 1991 | 1.31 | +8.4% |
| 1992 | 1.25 | -4.5% |
| 1993 | 1.31 | +5.0% |
| 1994 | 1.4 | +6.4% |
| 1995 | 1.48 | +5.9% |
| 1996 | 1.54 | +4.1% |
| 1997 | 1.57 | +2.1% |
| 1998 | 1.46 | -7.4% |
| 1999 | 1.57 | +7.9% |
| 2000 | 1.63 | +3.9% |
| 2001 | 1.67 | +2.2% |
| 2002 | 1.75 | +4.8% |
| 2003 | 1.74 | -0.5% |
| 2004 | 1.74 | +0.0% |
| 2005 | 1.74 | -0.3% |
| 2006 | 1.74 | +0.1% |
| 2007 | 1.75 | +0.6% |
| 2008 | 1.75 | +0.2% |
| 2009 | 1.78 | +1.5% |
| 2010 | 1.81 | +1.8% |
| 2011 | 1.81 | -0.1% |
| 2012 | 1.79 | -0.7% |
| 2013 | 1.79 | -0.0% |
| 2014 | 1.79 | -0.3% |
| 2015 | 1.78 | -0.4% |
| 2016 | 1.78 | +0.0% |
| 2017 | 1.78 | -0.3% |
| 2018 | 1.77 | -0.4% |
| 2019 | 1.71 | -3.2% |
| 2020 | 1.77 | +3.3% |
| 2021 | 1.71 | -3.4% |
| 2022 | 1.69 | -0.9% |
| 2023 | 1.67 | -1.6% |
| 2024 | 1.65 | -1.3% |
| 2025 | 1.61 | -2.3% |
| 2026 | 1.59 | -1.1% |
| 2027 | 1.57 | -1.0% |
| 2028 | 1.56 | -1.0% |
| 2029 | 1.54 | -1.1% |
| 2030 | 1.52 | -1.1% |
| 2031 | 1.51 | -1.1% |
Korea compared with similar countries
- Korea's 1.51 is above the median for high income countries, which is 0.4819, 3.1× the median. (13 countries reporting)
- Korea's 1.51 is above the median for East Asia & Pacific, which is 0.8497, 1.8× the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.8751 | 0.6338 | 1.14 | 10 |
| 1990s | 1.41 | 1.21 | 1.57 | 10 |
| 2000s | 1.73 | 1.63 | 1.78 | 10 |
| 2010s | 1.78 | 1.71 | 1.81 | 10 |
| 2020s | 1.64 | 1.54 | 1.77 | 10 |
| 2030s | 1.51 | 1.51 | 1.52 | 2 |
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), purchasing power parity (ppp) in Korea?
- Gross domestic product (gdp), purchasing power parity (ppp) in Korea was 1.51 in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), purchasing power parity (ppp) recorded in Korea?
- The highest recorded value was 1.81 in 2010.
- What is the lowest gross domestic product (gdp), purchasing power parity (ppp) recorded in Korea?
- The lowest recorded value was 0.6338 in 1980.
- How does Korea rank for gross domestic product (gdp), purchasing power parity (ppp)?
- Korea ranks 4th out of 26 countries with data for 2031.
- Is gross domestic product (gdp), purchasing power parity (ppp) rising or falling in Korea?
- Over the last ten years it is down 11.9%. The long-run trend across the full record is rising.
- Where does this Korea data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Purchasing power parity (PPP) international dollar, percent of world GDP, Percent, ICP benchmarks 2017-2021 (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.