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).

  • 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