The statistic shows gross domestic product (GDP) of South Korea from 1987 to 2024, with projections up until 2029. GDP or gross domestic product is the sum of all goods and services produced in a country in a year; it is a strong indicator of economic strength. In 2024, South Korea's GDP was around 1.87 trillion U.S. dollars. See global GDP for a global comparison. South Korea’s economy South Korea is doing quite well economically. It is among the leading export countries worldwide, it mainly exports electronics, automobiles and machinery. South Korea is also one of the leading import countries worldwide. Additionally, it is one of the leading countries with the largest proportion of global domestic product / GDP based on Purchasing Power Parity (PPP). Its GDP has been increasing for the last few years, while the gross domestic product / GDP growth in South Korea has not been steady but increasing since 2009. South Korea is an OECD member and a member of the G20 states. Among the latter, its GDP growth was higher than that of the United States or the European Union in 2013. South Korea is one of the fastest-growing economies worldwide. Its standard of living is also considered to be quite high, the unemployment rate, which is one key factor, has been at around 3 percent, give or take a few percentage points, for the past decade. As a comparison, the United States’ unemployment rate was almost twice, sometimes three times as high as in South Korea during the same period. As for employment, South Korea’s rate is almost the same as that of the United States or France, with more than 60 percent of employed persons in the population.

For most of the 20th century, Ireland stood out as one of the poorest countries in Western Europe, not experience the same post-war boom in prosperity that was felt by virtually all other countries in the region. At the onset of the 1973-1975 Recession, Ireland's GDP per capita was less than 60 percent of GDP per capita in the European Union and less than a quarter of GDP per capita in the U.S. Catching up in the 1980s By the 1980s, a wave of foreign investment saw Ireland's export sector grow exponentially, and between 1975 and 1990, Ireland had the second-fastest growth of exports in the world (behind Japan). Additionally, as Ireland joined the European Communities in 1973, it became more integrated into the European economy; before 1973, around three-quarters of Ireland's exports went to the United Kingdom, but this fell to one-third by the 1990s. Ireland's period of industrialization was relatively short in comparison to its neighbors, as it transitioned from an agriculture-based economy to a producer of high-tech products and services. Ireland's low tax rate and other incentives also attracted many American tech companies in the 1980s, such as Apple, Intel, and Microsoft, who were keen on establishing a presence in the European Union. The Celtic Tiger Named after the Four Asian Tigers (Hong Kong, Singapore, South Korea, and Taiwan), which experienced rapid economic growth in the 1970s and 1980s, the period of prosperity between the 1990s and 2000s in Ireland has been dubbed the "Celtic Tiger." Over this time, Ireland's GDP per capita grew to exceed the average in the EU by 10 percent in 2000, and it would eventually surpass that of the U.S. in 2003. Ireland was severely impacted by the financial crisis of 2008 due to the instability of its property sector and extensive lending by banks, and it was the first European economy to go into recession. By the late 2010s, most sectors of the economy had returned to pre-recession levels, and today, Ireland's GDP per capita remains among the top in the world, second in the EU only to Luxembourg.

Explore real GDP growth projections dataset, including insights into the impact of COVID-19 on economic trends. This dataset covers countries such as Spain, Australia, France, Italy, Brazil, and more.

growth rate, Real, COVID-19, GDP

Spain, Australia, France, Italy, Brazil, Argentina, United Kingdom, United States, Canada, Russia, Turkiye, World, China, Mexico, Korea, India, Saudi Arabia, South Africa, Germany, Indonesia, JapanFollow data.kapsarc.org for timely data to advance energy economics research..Source: OECD Economic Outlook database.- India projections are based on fiscal years, starting in April. The European Union is a full member of the G20, but the G20 aggregate only includes countries that are also members in their own right. Spain is a permanent invitee to the G20. World and G20 aggregates use moving nominal GDP weights at purchasing power parities. Difference in percentage points, based on rounded figures.

In 2024, China’s level of total investment reached around 40.4 percent of the gross domestic product (GDP). This value is expected to remain stable in 2025 and increase slightly in the following years. Final consumption accounted for 55.7 percent in 2023. International comparison of total investments The GDP of a country can be calculated by the expenditure approach, which sums up final consumption (private and public), total investment, and net exports. The ratio of consumption to investment may vary greatly between different countries.Matured economies normally consume a larger share of their economic output. In the U.S. and many European countries, total investment ranges roughly at only 20 to 25 percent of the GDP. In comparison, some emerging economies reached levels of 30 to 40 percent of investment during times of rapid economic development. Level of total investment in China China is among the countries that spend the highest share of their GDP on investments. Between 1980 and 2000, 30 to 40 percent of its economic output were invested, roughly on par with South Korea or Japan. While the latter’s investment spending ratio decreased in later years, China’s even grew, especially after the global financial crisis, peaking at staggering 47 percent of GDP in 2011.However, returns on those investments declined year by year, indicated by lower GDP growth rates. This resulted in a quickly growing debt burden, which reached nearly 285 percent of the GDP in 2023, up from only 135 percent in 2008. The Chinese government defined the goal to shift to consumption driven growth, but the transformation takes longer than expected.

South Korea CO2 Emissions: Tonnes of CO2 Equivalent per(GDP) Gross Domestic Productper Year data was reported at 0.219 Tonne/TH USD in 2023. This records a decrease from the previous number of 0.228 Tonne/TH USD for 2022. South Korea CO2 Emissions: Tonnes of CO2 Equivalent per(GDP) Gross Domestic Productper Year data is updated yearly, averaging 0.326 Tonne/TH USD from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 0.463 Tonne/TH USD in 1993 and a record low of 0.219 Tonne/TH USD in 2023. South Korea CO2 Emissions: Tonnes of CO2 Equivalent per(GDP) Gross Domestic Productper Year data remains active status in CEIC and is reported by European Commission’s Directorate-General for Joint Research Centre. The data is categorized under Global Database’s South Korea – Table KR.DG JRC.EDGAR: Environmental: Greenhouse Gas Emissions: CO2 Emissions: Annual.

In 2024, China's gross domestic product amounted to approximately ***** trillion U.S. dollars, which was the highest GDP across the Asia-Pacific region. Japan followed with a GDP of around **** trillion dollars.  China, Asia-Pacific's titan The significance of the Asia-Pacific region to the world is multifaceted, ranging from geopolitical importance to being home to more than half of the world's population. Characterized by emerging countries and dynamic economic activities, the region plays a key role in the global economy. China, the most populous country after India, and the second largest economy on the planet, accounted for about half of the total gross domestic product (GDP) in APAC as of 2023. The GDP growth in China was characterized by high rates for decades. Following the COVID-19 pandemic, the country has struggled to catch up with the previous level of growth rates and was forecast to stay at more modest real GDP growth rates in the coming years.  A new paradigm of development in the Asia-Pacific region Even though the Asia-Pacific region has made significant economic improvements in the last decades, from a developmental perspective, tackling existing socio-economic issues will be critical for future growth. An aspect worth mentioning is the GDP per capita in the region. EU countries, for example, had about ***** times as much GDP per capita compared to East Asia and the Pacific region in 2022. China has been working towards changing its economic focus to high-tech and service sectors while reducing its concentration on agriculture.

South Korea Ref. Year = 2015: GDP: Volume: Exports of Goods and Services: Single Hit Scenario data was reported at 798,000.000 KRW bn in 2021. This records an increase from the previous number of 770,000.000 KRW bn for 2020. South Korea Ref. Year = 2015: GDP: Volume: Exports of Goods and Services: Single Hit Scenario data is updated yearly, averaging 58,700.000 KRW bn from Dec 1960 (Median) to 2021, with 62 observations. The data reached an all-time high of 798,000.000 KRW bn in 2021 and a record low of 175.000 KRW bn in 1960. South Korea Ref. Year = 2015: GDP: Volume: Exports of Goods and Services: Single Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: GDP by Expenditure: Volume: Forecast: OECD Member: Annual. XGSV - Exports of goods and services, volume (national accounts basis) Exports of goods and services:https://stats.oecd.org/glossary/detail.asp?ID=918 System of national Accounts 2008:https://unstats.un.org/unsd/nationalaccount/docs/sna2008.pdf European system of accounts ESA2010:https://ec.europa.eu/eurostat/documents/3859598/5925693/KS-02-13-269-EN.PDF/44cd9d01-bc64-40e5-bd40-d17df0c69334 Understanding NATIONAL ACCOUNTS:https://www.oecd.org/sdd/UNA-2014.pdf

AMECO is the annual macro-economic database of the European Commission's Directorate General for Economic and Financial Affairs (DG ECFIN). The database is regularly cited in DG ECFIN's publications and is indispensable for DG ECFIN's analyses and reports. To ensure that DG ECFIN's analyses are verifiable and transparent to the public, AMECO data is made available free of charge. AMECO contains data for EU-27, the euro area, EU Member States, candidate countries and other OECD countries (United States, Japan, Canada, Switzerland, Norway, Iceland, Mexico, Korea, Australia and New Zealand).

At **** U.S. dollars, Switzerland has the most expensive Big Macs in the world, according to the January 2025 Big Mac index. Concurrently, the cost of a Big Mac was **** dollars in the U.S., and **** U.S. dollars in the Euro area. What is the Big Mac index? The Big Mac index, published by The Economist, is a novel way of measuring whether the market exchange rates for different countries’ currencies are overvalued or undervalued. It does this by measuring each currency against a common standard – the Big Mac hamburger sold by McDonald’s restaurants all over the world. Twice a year the Economist converts the average national price of a Big Mac into U.S. dollars using the exchange rate at that point in time. As a Big Mac is a completely standardized product across the world, the argument goes that it should have the same relative cost in every country. Differences in the cost of a Big Mac expressed as U.S. dollars therefore reflect differences in the purchasing power of each currency. Is the Big Mac index a good measure of purchasing power parity? Purchasing power parity (PPP) is the idea that items should cost the same in different countries, based on the exchange rate at that time. This relationship does not hold in practice. Factors like tax rates, wage regulations, whether components need to be imported, and the level of market competition all contribute to price variations between countries. The Big Mac index does measure this basic point – that one U.S. dollar can buy more in some countries than others. There are more accurate ways to measure differences in PPP though, which convert a larger range of products into their dollar price. Adjusting for PPP can have a massive effect on how we understand a country’s economy. The country with the largest GDP adjusted for PPP is China, but when looking at the unadjusted GDP of different countries, the U.S. has the largest economy.

South Korea Ref. Year = 2015: GDP: Volume: Imports of Goods and Services: Double Hit Scenario data was reported at 681,000.000 KRW bn in 2021. This records an increase from the previous number of 670,000.000 KRW bn for 2020. South Korea Ref. Year = 2015: GDP: Volume: Imports of Goods and Services: Double Hit Scenario data is updated yearly, averaging 93,350.000 KRW bn from Dec 1960 (Median) to 2021, with 62 observations. The data reached an all-time high of 698,000.000 KRW bn in 2018 and a record low of 1,300.000 KRW bn in 1961. South Korea Ref. Year = 2015: GDP: Volume: Imports of Goods and Services: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: GDP by Expenditure: Volume: Forecast: OECD Member: Annual. MGSV - Imports of goods and services, volume (national accounts basis) System of national Accounts 2008:https://unstats.un.org/unsd/nationalaccount/docs/sna2008.pdf European system of accounts ESA2010:https://ec.europa.eu/eurostat/documents/3859598/5925693/KS-02-13-269-EN.PDF/44cd9d01-bc64-40e5-bd40-d17df0c69334 Understanding NATIONAL ACCOUNTS:https://www.oecd.org/sdd/UNA-2014.pdf

KR: Ref. Year = 2015: GDP: Volume: Gross Capital Formation: Double Hit Scenario data was reported at 540,000.000 KRW bn in 2021. This records a decrease from the previous number of 544,000.000 KRW bn for 2020. KR: Ref. Year = 2015: GDP: Volume: Gross Capital Formation: Double Hit Scenario data is updated yearly, averaging 183,500.000 KRW bn from Dec 1960 (Median) to 2021, with 62 observations. The data reached an all-time high of 577,000.000 KRW bn in 2017 and a record low of 2,240.000 KRW bn in 1960. KR: Ref. Year = 2015: GDP: Volume: Gross Capital Formation: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: GDP by Expenditure: Volume: Forecast: OECD Member: Annual. ITISKV - Gross capital formation, total, volume System of national Accounts 2008:https://unstats.un.org/unsd/nationalaccount/docs/sna2008.pdf European system of accounts ESA2010:https://ec.europa.eu/eurostat/documents/3859598/5925693/KS-02-13-269-EN.PDF/44cd9d01-bc64-40e5-bd40-d17df0c69334 Understanding NATIONAL ACCOUNTS:https://www.oecd.org/sdd/UNA-2014.pdf

This statistic shows Iran's main import partners in 2023, sorted by their share in total imports. In 2023, Iran's main import partner was the China with a share of 34 percent in all imports. Iran's struggling economy Iran’s main import partners in descending order of importance include the United Arab Emirates, China, Algeria, India, South Korea and Turkey. Together the United Arab Emirates and China compose over 50 percent of all imports. No European countries or the United States are close trade partners with Iran for neither imports nor exports. Iran has been isolated from the west with sanctions due to concerns over the country's role in the manufacture of weapons of mass destruction for decades. In 2011, further sanctions on Iran from the United States and Europe were agreed upon, which negatively affected Iran’s economy. This also had an effect on the value of totalimports into the country which also dropped slightly around the same period. This is likely due to the fact that Iran’s GDP per capita also reduced significantly thereafter, limiting the country’s capacity to import goods. Compared to the GDP per capita of Saudi Arabia, Iran’s is significantly lower. Aside from the Saudi Arabian oil trade, one difference could be attributed to the fact that Saudi Arabia, in contrast to Iran, has developed strong international ties and trades freely with Europe and the United States, whereas Iran remains isolated for the time being.

Among OECD countries in 2022, South Korea had the highest rate of yearly visits to a doctor per capita. On average, people in South Korea visited the doctors 15.7 times per year in person. Health care utilization is an important indicator of the success of a country’s health care system. There are many factors that affect health care utilization including healthcare structure and the supply of health care providers.

OECD health systems

Healthcare systems globally include a variety of tools for accessing healthcare, including private insurance based systems, like in the U.S., and universal systems, like in the U.K. Health systems have varying costs among the OECD countries. Worldwide, Europe has the highest expenditures for health as a proportion of the GDP. Among all OECD countries, The United States had the highest share of government spending on health care. Recent estimates of current per capita health expenditures showed the United States also had, by far, the highest per capita spending on health worldwide.

Supply of health providers

Globally, the country with the highest physician density is Cuba, although most other countries with high number of physicians to population was found in Europe. The number of graduates of medicine impacts the number of available physicians in countries. Among OECD countries, Latvia had the highest rate of graduates of medicine, which was almost twice the rate of the OECD average.

******* had the highest level of the Human Development Index (HDI) worldwide in 2023 with a value of *****. With a score of ****, ****** followed closely behind *********** and had the second-highest level of human development in that year. The rise of the Asian tigers In the decades after the Cold War, the four so-called Asian tigers, South Korea, Singapore, Taiwan, and Hong Kong (now a Special Administrative Region of China) experienced rapid economic growth and increasing human development. At number eight and number 13 of the HDI, respectively, *********************** are the only Asian locations within the top-15 highest HDI scores. Both locations have experienced tremendous economic growth since the 1980’s and 1990’s. In 1980, the per capita GDP of Hong Kong was ***** U.S. dollars, increasing throughout the decades until reaching ****** in 2023, which is expected to continue to increase in the future. Meanwhile, in 1989, Singapore had a GDP of nearly ** billion U.S. dollars, which has risen to nearly *** billion U.S. dollars today and is also expected to keep increasing. Growth of the UAE The United Arab Emirates (UAE) is the only Middle Eastern country besides Israel within the highest ranking HDI scores globally. Within the Middle East and North Africa (MENA) region, the UAE has the third-largest GDP behind Saudi Arabia and Israel, reaching nearly *** billion U.S. dollars by 2022. Per capita, the UAE GDP was around ****** U.S. dollars in 1989, and has nearly doubled to ****** U.S. dollars by 2021. Moreover, this is expected to reach over ****** U.S. dollars by 2029. On top of being a major oil producer, the UAE has become a hub for finance and business and attracts millions of tourists annually.

South Korea Ref. Year = 2015: GDP: Volume: Exports of Goods and Services: Double Hit Scenario data was reported at 754,000.000 KRW bn in 2021. This records a decrease from the previous number of 755,000.000 KRW bn for 2020. South Korea Ref. Year = 2015: GDP: Volume: Exports of Goods and Services: Double Hit Scenario data is updated yearly, averaging 58,700.000 KRW bn from Dec 1960 (Median) to 2021, with 62 observations. The data reached an all-time high of 791,000.000 KRW bn in 2019 and a record low of 175.000 KRW bn in 1960. South Korea Ref. Year = 2015: GDP: Volume: Exports of Goods and Services: Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: GDP by Expenditure: Volume: Forecast: OECD Member: Annual. XGSV - Exports of goods and services, volume (national accounts basis) Exports of goods and services:https://stats.oecd.org/glossary/detail.asp?ID=918 System of national Accounts 2008:https://unstats.un.org/unsd/nationalaccount/docs/sna2008.pdf European system of accounts ESA2010:https://ec.europa.eu/eurostat/documents/3859598/5925693/KS-02-13-269-EN.PDF/44cd9d01-bc64-40e5-bd40-d17df0c69334 Understanding NATIONAL ACCOUNTS:https://www.oecd.org/sdd/UNA-2014.pdf

North Korea CO2 Emissions: Tonnes of CO2 Equivalent per(GDP) Gross Domestic Productper Year data was reported at 0.550 Tonne/TH USD in 2023. This records an increase from the previous number of 0.509 Tonne/TH USD for 2022. North Korea CO2 Emissions: Tonnes of CO2 Equivalent per(GDP) Gross Domestic Productper Year data is updated yearly, averaging 0.594 Tonne/TH USD from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 0.735 Tonne/TH USD in 1991 and a record low of 0.286 Tonne/TH USD in 2015. North Korea CO2 Emissions: Tonnes of CO2 Equivalent per(GDP) Gross Domestic Productper Year data remains active status in CEIC and is reported by European Commission’s Directorate-General for Joint Research Centre. The data is categorized under Global Database’s North Korea – Table KP.DG JRC.EDGAR: Environmental: Greenhouse Gas Emissions: CO2 Emissions: Annual.

European telecommunications operators invested ***** euros per capita in 2021. This was less than their counterparts in the United States, Japan and South Korea. Though investment in China was the lowest of the selected markets, it exceeded European investment when adjusted for GDP per capita.