GDP of South Korea

SourceWorld Bank : Nominal (current), Nominal (constant), PPP (current), PPP (constant)
IMF World Economic Outlook (October 2024)
Date01 Dec 2024

According to the IMF World Economic Outlook (October 2024), South Korea's nominal GDP in 2024 is projected to be around $1,870 billion at current prices. Based on PPP, South Korea's GDP in 2024 is forecast at 3,258 billion international dollars.

South Korea has the fourth-largest economy by GDP (nominal) and sixth-largest by GDP (PPP) in Asia, the 12th largest by nominal GDP in the world, and 14th by GDP (PPP).

See Also:

GDP per capita of South Korea GDP Growth of South Korea View More Economy Statistics

Top Statistics :

Olympics Medal Table 2020 List of continents by gdp per capita World urban population
  • Nominal
  • PPP

Projections by IMF

Year GDP (billions of $/Int. $)
NominalPPP
20231,839.063,105.15
20241,869.923,258.37
20251,947.133,389.43
20262,029.483,526.87
20272,114.443,667.73
20282,197.403,813.39
20292,278.693,962.48

Estimates by World Bank

Year GDP Nominal (billions of $) GDP PPP (billions Int. $) Share (%) to World Rank/Total
CurrentConstant (2015) CurrentConstant (2021)NominalPPPNominalPPP
19603.9625.70--0.290-32/104-
19612.4227.49--0.168-38/106-
19622.8128.56--0.182-37/108-
19633.9931.13--0.240-34/108-
19643.4634.08--0.189-37/108-
19653.1236.58--0.157-39/116-
19663.9340.96--0.182-38/117-
19674.8644.68--0.212-37/120-
19686.1250.57--0.247-32/121-
19697.6857.93--0.281-31/121-
19709.0163.75--0.300-30/141-
19719.9070.48--0.299-28/142-
197210.8675.56--0.283-30/142-
197313.8886.82--0.298-31/142-
197419.5495.08--0.365-29/142-
197521.78102.53--0.364-29/145-
197629.90116.09--0.459-29/145-
197738.45130.41--0.523-25/148-
197851.97144.69--0.597-22/147-
197966.95157.24--0.662-22/148-
198065.40154.65--0.573-24/155-
198172.93165.86--0.618-22/156-
198278.36179.69--0.673-22/158-
198387.76203.72--0.733-21/159-
198497.51225.22--0.783-19/161-
1985101.30242.87--0.778-18/163-
1986116.84270.38--0.761-18/163-
1987147.95304.78--0.846-16/169-
1988199.59341.32--1.02-16/172-
1989246.93365.46--1.21-15/173-
1990283.37401.56358.19595.171.241.2115/18819/186
1991330.65444.84410.21659.321.391.3212/18818/187
1992355.53472.42445.57700.191.401.3713/19118/188
1993392.67504.91487.50748.341.511.4412/19518/188
1994463.62551.70544.06817.701.661.5212/19617/189
1995566.58604.75608.87896.321.821.6111/19916/190
1996610.17652.47668.94967.051.921.6711/19916/190
1997569.76692.73722.471,026.721.791.7111/19915/192
1998383.33657.19693.13974.061.211.5915/20116/192
1999497.51732.55783.491,085.751.521.7112/20215/192
2000576.18798.93871.481,184.131.701.7712/20315/194
2001547.66837.70934.351,241.591.631.8112/20415/194
2002627.25902.411,019.451,337.501.801.8811/20813/195
2003702.72930.811,058.221,379.601.791.8511/20813/195
2004793.18979.191,143.111,451.301.801.8511/20813/195
2005934.901,021.381,213.621,513.831.961.8210/20813/195
20061,053.221,075.151,302.231,593.522.041.7911/20914/196
20071,172.611,137.501,414.991,685.942.011.7913/20914/196
20081,047.341,171.771,469.001,736.741.631.7615/21014/199
2009943.941,181.061,454.991,750.501.551.7313/21014/200
20101,143.671,261.431,572.681,869.621.721.7514/21013/200
20111,253.291,307.921,625.281,938.531.691.7014/21313/201
20121,278.051,339.351,684.561,985.101.691.6714/21113/199
20131,370.631,381.731,726.902,047.931.761.6313/21113/200
20141,484.491,425.981,792.602,113.511.861.6312/21214/199
20151,466.041,466.041,933.592,172.881.951.7211/21014/199
20161,499.681,509.242,026.972,236.911.961.7311/21014/198
20171,623.071,556.932,103.652,307.591.991.7011/21014/199
20181,725.371,602.192,220.442,374.681.991.6910/21014/199
20191,651.421,638.152,270.672,427.971.881.6312/21014/199
20201,644.311,626.532,340.032,410.741.921.6810/20914/198
20211,818.431,696.542,514.522,514.521.861.6211/20814/198
20221,673.921,740.872,667.442,580.221.651.5513/20214/194
20231,712.791,764.492,794.202,615.221.621.5114/18614/184