Gross Domestic Product — Value US$, 2015 prices in Republic of Korea
Republic of Korea: Gross Domestic Product — Value US$, 2015 prices was 1.91 million million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices in Republic of Korea, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2024, gross domestic product — value us$, 2015 prices in Republic of Korea stood at 1.91 million million USD. That is the highest value across all 55 years on record.
That represents a change of up 2.0% on the previous year and up 28.0% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Republic of Korea peaked at 1.91 million million USD in 2024 and was at its lowest, 64,515 million USD, in 1970.
Republic of Korea ranks 9th of 203 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices in Republic of Korea, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 64,515 million USD | — |
| 1971 | 71,387 million USD | +10.7% |
| 1972 | 76,625 million USD | +7.3% |
| 1973 | 88,099 million USD | +15.0% |
| 1974 | 96,600 million USD | +9.6% |
| 1975 | 104,261 million USD | +7.9% |
| 1976 | 118,090 million USD | +13.3% |
| 1977 | 132,706 million USD | +12.4% |
| 1978 | 147,396 million USD | +11.1% |
| 1979 | 160,274 million USD | +8.7% |
| 1980 | 157,831 million USD | -1.5% |
| 1981 | 169,516 million USD | +7.4% |
| 1982 | 183,872 million USD | +8.5% |
| 1983 | 208,633 million USD | +13.5% |
| 1984 | 230,825 million USD | +10.6% |
| 1985 | 249,149 million USD | +7.9% |
| 1986 | 277,809 million USD | +11.5% |
| 1987 | 313,625 million USD | +12.9% |
| 1988 | 351,677 million USD | +12.1% |
| 1989 | 376,875 million USD | +7.2% |
| 1990 | 414,656 million USD | +10.0% |
| 1991 | 459,750 million USD | +10.9% |
| 1992 | 488,952 million USD | +6.4% |
| 1993 | 523,153 million USD | +7.0% |
| 1994 | 572,182 million USD | +9.4% |
| 1995 | 627,889 million USD | +9.7% |
| 1996 | 678,060 million USD | +8.0% |
| 1997 | 720,657 million USD | +6.3% |
| 1998 | 685,064 million USD | -4.9% |
| 1999 | 764,650 million USD | +11.6% |
| 2000 | 835,011 million USD | +9.2% |
| 2001 | 874,474 million USD | +4.7% |
| 2002 | 942,193 million USD | +7.7% |
| 2003 | 971,163 million USD | +3.1% |
| 2004 | 1.02 million million USD | +5.2% |
| 2005 | 1.07 million million USD | +4.4% |
| 2006 | 1.12 million million USD | +5.2% |
| 2007 | 1.19 million million USD | +5.8% |
| 2008 | 1.22 million million USD | +3.0% |
| 2009 | 1.23 million million USD | +0.8% |
| 2010 | 1.32 million million USD | +7.0% |
| 2011 | 1.37 million million USD | +3.7% |
| 2012 | 1.40 million million USD | +2.5% |
| 2013 | 1.45 million million USD | +3.3% |
| 2014 | 1.50 million million USD | +3.2% |
| 2015 | 1.54 million million USD | +2.9% |
| 2016 | 1.59 million million USD | +3.2% |
| 2017 | 1.64 million million USD | +3.4% |
| 2018 | 1.69 million million USD | +3.2% |
| 2019 | 1.73 million million USD | +2.3% |
| 2020 | 1.72 million million USD | -0.7% |
| 2021 | 1.80 million million USD | +4.6% |
| 2022 | 1.85 million million USD | +2.7% |
| 2023 | 1.88 million million USD | +1.4% |
| 2024 | 1.91 million million USD | +2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 105,995 million USD | 64,515 million USD | 160,274 million USD | 10 |
| 1980s | 251,981 million USD | 157,831 million USD | 376,875 million USD | 10 |
| 1990s | 593,501 million USD | 414,656 million USD | 764,650 million USD | 10 |
| 2000s | 1.05 million million USD | 835,011 million USD | 1.23 million million USD | 10 |
| 2010s | 1.52 million million USD | 1.32 million million USD | 1.73 million million USD | 10 |
| 2020s | 1.83 million million USD | 1.72 million million USD | 1.91 million million USD | 5 |
Countries ranked near Republic of Korea
- 6 France 2.70 million million USD compare
- 6 Viet Nam 404,124 million USD compare
- 7 Brazil 2.03 million million USD compare
- 8 Italy 2.03 million million USD compare
- 8 Venezuela (Bolivarian Republic of) 105,555 million USD compare
- 9 United Republic of Tanzania 80,605 million USD compare
- 10 Canada 1.81 million million USD compare
- 10 Democratic Republic of the Congo 60,632 million USD compare
- 11 Australia and New Zealand 1.74 million million USD compare
- 11 Melanesia 43,564 million USD compare
- 12 Bolivia (Plurinational State of) 40,048 million USD compare
- 12 USSR 1.63 million million USD compare
More economy & growth data for Republic of Korea
- Gross Fixed Capital Formation — Annual growth US$, 2015 prices 4 % (2024)
- Gross Fixed Capital Formation — Annual growth US$ 1.5 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local 4 % (2024)
- Gross Fixed Capital Formation — Annual growth Standard Local Currency 6.06 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP Standard Local Currency 32.07 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 29.86 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 32.07 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 571,534 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 646.38 million million SLC (2024)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Republic of Korea?
- Gross domestic product — value us$, 2015 prices in Republic of Korea was 1.91 million million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Republic of Korea?
- The highest recorded value was 1.91 million million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Republic of Korea?
- The lowest recorded value was 64,515 million USD in 1970.
- How does Republic of Korea rank for gross domestic product — value us$, 2015 prices?
- Republic of Korea ranks 9th out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Republic of Korea?
- Over the last ten years it is up 28.0%. The long-run trend across the full record is volatile.
- Where does this Republic of Korea data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).