GDP price levels relative to the US in Republic of Korea
Republic of Korea: GDP price levels relative to the US was 0.5936 in 2024. ▼ Falling
GDP price levels relative to the US in Republic of Korea, 1990–2024
Source: World Development Indicators - World Bank (2026) – processed by Our World in Data.
Analysis
The most recent figure for gdp price levels relative to the us in Republic of Korea is 0.5936, measured in 2024.
The figure is down 4.4% on the previous year and down 28.3% over ten years.
Over the whole period, gdp price levels relative to the us in Republic of Korea peaked at 0.934 in 1995 and was at its lowest, 0.5538, in 1998.
That places Republic of Korea 65th out of 202 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 35 years of available data.
GDP price levels relative to the US in Republic of Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 0.7952 | — |
| 1991 | 0.8096 | +1.8% |
| 1992 | 0.8012 | -1.0% |
| 1993 | 0.8089 | +0.9% |
| 1994 | 0.8552 | +5.7% |
| 1995 | 0.934 | +9.2% |
| 1996 | 0.9144 | -2.1% |
| 1997 | 0.7895 | -13.7% |
| 1998 | 0.5538 | -29.9% |
| 1999 | 0.635 | +14.7% |
| 2000 | 0.6607 | +4.1% |
| 2001 | 0.5861 | -11.3% |
| 2002 | 0.6153 | +5.0% |
| 2003 | 0.6637 | +7.9% |
| 2004 | 0.6944 | +4.6% |
| 2005 | 0.7703 | +10.9% |
| 2006 | 0.8083 | +4.9% |
| 2007 | 0.8289 | +2.5% |
| 2008 | 0.713 | -14.0% |
| 2009 | 0.6486 | -9.0% |
| 2010 | 0.7268 | +12.1% |
| 2011 | 0.7711 | +6.1% |
| 2012 | 0.7587 | -1.6% |
| 2013 | 0.7937 | +4.6% |
| 2014 | 0.8281 | +4.3% |
| 2015 | 0.7582 | -8.4% |
| 2016 | 0.7399 | -2.4% |
| 2017 | 0.7716 | +4.3% |
| 2018 | 0.777 | +0.7% |
| 2019 | 0.7273 | -6.4% |
| 2020 | 0.7027 | -3.4% |
| 2021 | 0.7254 | +3.2% |
| 2022 | 0.6273 | -13.5% |
| 2023 | 0.6212 | -1.0% |
| 2024 | 0.5936 | -4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7897 | 0.5538 | 0.934 | 10 |
| 2000s | 0.6989 | 0.5861 | 0.8289 | 10 |
| 2010s | 0.7652 | 0.7268 | 0.8281 | 10 |
| 2020s | 0.654 | 0.5936 | 0.7254 | 5 |
Countries ranked near Republic of Korea
- 62 Jamaica 0.6015 compare
- 63 Costa Rica 0.5975 compare
- 64 Slovenia 0.5958 compare
- 66 Palestine, State of 0.5931 compare
- 67 Grenada 0.5801 compare
- 68 Macau, China 0.5671 compare
More economy & growth data for Republic of Korea
- Gross capital formation (constant 2015 US$), annual growth rate -1.74 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2815 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 10,198 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 0.6183 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.406 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 14,708 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 4.98 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 577.49 current LCU per US$ of GDP (2025)
- Imports of goods and services (current LCU), per capita 20.92 million current LCU per person (2025)
- Imports of goods and services (constant 2015 US$), annual growth rate 3.84 % change on previous year (2025)
Frequently asked questions
- What is gdp price levels relative to the us in Republic of Korea?
- Gdp price levels relative to the us in Republic of Korea was 0.5936 in 2024, according to World Development Indicators - World Bank (2026) – processed by Our World in Data.
- What is the highest gdp price levels relative to the us recorded in Republic of Korea?
- The highest recorded value was 0.934 in 1995.
- What is the lowest gdp price levels relative to the us recorded in Republic of Korea?
- The lowest recorded value was 0.5538 in 1998.
- How does Republic of Korea rank for gdp price levels relative to the us?
- Republic of Korea ranks 65th out of 202 countries with data for 2024.
- Is gdp price levels relative to the us rising or falling in Republic of Korea?
- Over the last ten years it is down 28.3%. The long-run trend across the full record is falling.
- Where does this Republic of Korea data come from?
- The figures come from World Development Indicators - World Bank (2026) – processed by Our World in Data, published as part of GDP price levels relative to the US. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Ratio of Purchasing Power Parity (PPP) conversion factor to market exchange rate.