The Gross Domestic Product per capita in South Korea was last recorded at 34121.02 US dollars in 2023. The GDP per Capita in South Korea is equivalent to 270 percent of the world's average. This dataset provides - South Korea GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The gross domestic product (GDP) per capita in South Korea stood at 36,240 U.S. dollars in 2024. From 1980 to 2024, the GDP per capita rose by 34,500 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. Between 2024 and 2030, the GDP per capita will rise by 8,020 U.S. dollars, showing an overall upward trend with periodic ups and downs.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

Key information about South Korea GDP Per Capita

• South Korea Gross Domestic Product (GDP) per Capita reached 36,222.600 USD in Dec 2024, compared with 35,681.000 USD in Dec 2023.
• South Korea GDP Per Capita data is updated yearly, available from Dec 1953 to Dec 2024, with an average number of 5.500 USD.
• The data reached an all-time high of 5.500 USD in Dec 2025 and a record low of 5.500 in Dec 2025.

Related information about South Korea GDP Per Capita data

• In the latest reports, South Korea GDP expanded 1.705 % YoY in Sep 2025.
• South Korea Nominal GDP reached 471.908 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) increased 2.803 % in Jun 2025.
• Gross Savings Rate of South Korea was measured at 35.242 % in Jun 2025.

The Gross Domestic Product per capita in South Korea was last recorded at 49995.49 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in South Korea, when adjusted by Purchasing Power Parity is equivalent to 281 percent of the world's average. This dataset provides the latest reported value for - South Korea GDP per capita PPP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP per capita (constant 2015 US$) in South Korea was reported at 34121 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Korea - GDP per capita (constant 2000 US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

The statistic shows the growth of the real gross domestic product (GDP) in South Korea from 1954 to 2024, with projections up until 2030. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a change in it is a sign of economic growth. In 2024, the real GDP in South Korea grew by about 2.0 percent compared to the previous year.

Key information about South Korea Private Consumption: % of GDP

• South Korea Private Consumption accounted for 47.2 % of its Nominal GDP in Jun 2025, compared with a ratio of 50.3 % in the previous quarter.
• South Korea Private Consumption contribution to Nominal GDP ratio is updated quarterly, available from Mar 1960 to Jun 2025, with an average share of 0.0 %.

CEIC calculates Private Consumption as % of Nominal GDP from quarterly Private Consumption Expenditure and quarterly Nominal GDP. The Bank of Korea provides Private Consumption Expenditure in local currency and Nominal GDP in local currency.


Related information about South Korea Private Consumption: % of GDP

• In the latest reports, South Korea GDP expanded 1.7 % YoY in Sep 2025.
• Its Nominal GDP reached 471.9 USD bn in Jun 2025.
• South Korea GDP Per Capita reached 36,222.6 USD in Dec 2024.
• Its Gross Savings Rate was measured at 35.2 % in Jun 2025.

Actual value and historical data chart for South Korea GDP Per Capita Ppp Us Dollar

Key information about South Korea Nominal GDP

• South Korea Nominal GDP reached 471.9 USD bn in Jun 2025, compared with 445.8 USD bn in the previous quarter.
• Nominal GDP in South Korea is updated quarterly, available from Mar 1960 to Jun 2025, with an average number of 91.6 USD bn.
• The data reached an all-time high of 491.3 USD bn in Jun 2021 and a record low of 576.3 USD mn in Jun 1961.

CEIC converts quarterly Nominal GDP into USD. The Bank of Korea provides Nominal GDP in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.


Related information about South Korea Nominal GDP

• In the latest reports, South Korea GDP expanded 1.7 % YoY in Sep 2025.
• Its GDP deflator (implicit price deflator) increased 2.8 % in Jun 2025.
• South Korea GDP Per Capita reached 36,222.6 USD in Dec 2024.
• Its Gross Savings Rate was measured at 35.2 % in Jun 2025.
• For Nominal GDP contributions, Investment accounted for 29.4 % in Jun 2025.
• Public Consumption accounted for 18.1 % in Jun 2025.
• Private Consumption accounted for 47.2 % in Jun 2025.

Actual value and historical data chart for South Korea GDP Per Capita Current Lcu

In 2023, South Korea's nominal gross domestic product (GDP) reached approximately ***** trillion South Korean won, while North Korea's amounted to about **** trillion South Korean won. Consequently, South Korea's nominal GDP was approximately ** times larger than that of North Korea during that year. Moreover, North Korea's GDP growth has been notably slower than that of South Korea.North Korea's economic development North Korea's economy is centered around its capital city and military, with particular emphasis on the expansion of its nuclear capabilities in recent decades. Roughly ** percent of foreign trade has been with China in the past decade, from which it imports mainly intermediate goods and raw materials. Food shortages, exacerbated by the COVID-19 pandemic, are a recurring issue for North Korea, as poor harvests, international sanctions, and a downturn in inter-Korean trade have created sourcing problems. The full extent of this issue remains unknown, but it is estimated that almost **** the population is undernourished. Kaesong Industrial ComplexThe Kaesong Industrial Complex project began in 2000 and was a crucial part of South Korea's efforts to improve relations with North Korea. It aimed to foster cooperation between the two Koreas and promote stability in the region. The industrial park, located in Kaesong, North Korea, was intended to provide a platform for small and medium-sized South Korean companies. South Korea would provide the necessary capital and infrastructure, while North Korean workers would be tasked with manufacturing products, aiming to stimulate economic growth on both sides of the border. Unfortunately, the complex was affected by tensions between the two Koreas and shut down in 2016. It has not been reopened since.

In 2023, Seoul's gross regional domestic product (GRDP) per capita amounted to about ** million South Korean won, up from about ** million won in the previous year. The GRDP per capita in Seoul has shown steady growth over the past few years.

South Korea Ref. Year = 2015: Real Gross Domestic Product (GDP): Per Capita: PPP data was reported at 0.041 KRW bn in 2025. This records an increase from the previous number of 0.040 KRW bn for 2024. South Korea Ref. Year = 2015: Real Gross Domestic Product (GDP): Per Capita: PPP data is updated yearly, averaging 0.017 KRW bn from Dec 1970 (Median) to 2025, with 56 observations. The data reached an all-time high of 0.041 KRW bn in 2025 and a record low of 0.002 KRW bn in 1970. South Korea Ref. Year = 2015: Real Gross Domestic Product (GDP): Per Capita: PPP 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: Per Capita: Forecast: OECD Member: Annual. GDPV_CAP - Gross domestic product per capita volumeExpenditure approach OECD calculation, see OECD Economic Outlook database documentation

Key information about South Korea Real GDP Growth

• The Gross Domestic Product (GDP) in South Korea expanded 1.7 % YoY in Sep 2025, following a growth of 0.6 % in the previous quarter.
• Real GDP Growth YoY data in South Korea is updated quarterly, available from Mar 1961 to Sep 2025, with an average rate of 6.4 %.
• The data reached an all-time high of 19.8 % in Dec 1969 and a record low of -7.1 % in Jun 1998.

CEIC calculates quarterly Real GDP Growth from quarterly Real GDP. The Bank of Korea provides Real GDP in local currency, at chain linked 2020 prices.


Related information about South Korea Real GDP Growth

• In the latest reports, Nominal GDP of South Korea reached 471.9 USD bn in Jun 2025.
• Its GDP deflator (implicit price deflator) increased 2.8 % in Jun 2025.
• GDP Per Capita in South Korea reached 36,222.6 USD in Dec 2024.
• Its Gross Savings Rate was measured at 35.2 % in Jun 2025.
• For Nominal GDP contributions, Investment accounted for 29.4 % in Jun 2025.
• Public Consumption accounted for 18.1 % in Jun 2025.
• Private Consumption accounted for 47.2 % in Jun 2025.

Key information about South Korea GDP Deflator Growth

• South Korea GDP deflator (implicit price deflator) increased 2.8 % in Jun 2025, compared with an increase of 2.4 % in the previous quarter.
• South Korea GDP Deflator Growth data is updated quarterly, available from Mar 1961 to Jun 2025, with an average rate of 6.8 %.
• The data reached an all-time high of 38.9 % in Jun 1964 and a record low of -4.8 % in Mar 1999.

CEIC calculates quarterly GDP Deflator Growth from quarterly GDP Deflator. The Bank of Korea provides GDP Deflator, at chain linked 2020 prices.


Related information about South Korea GDP Deflator Growth

• In the latest reports, South Korea GDP expanded 1.7 % YoY in Sep 2025.
• Its Nominal GDP reached 471.9 USD bn in Jun 2025.
• South Korea GDP Per Capita reached 36,222.6 USD in Dec 2024.
• Its Gross Savings Rate was measured at 35.2 % in Jun 2025.

Actual value and historical data chart for South Korea GDP Per Capita Constant Lcu

South Korea GDP: sa: Gross Capital Formation (GCF): QoQ data was reported at 2.100 % bn in Dec 2024. This records an increase from the previous number of -2.900 % bn for Sep 2024. South Korea GDP: sa: Gross Capital Formation (GCF): QoQ data is updated quarterly, averaging 3.600 % bn from Jun 1960 (Median) to Dec 2024, with 259 observations. The data reached an all-time high of 124.300 % bn in Jun 1961 and a record low of -68.100 % bn in Sep 1963. South Korea GDP: sa: Gross Capital Formation (GCF): QoQ data remains active status in CEIC and is reported by The Bank of Korea. The data is categorized under Global Database’s South Korea – Table KR.A002: SNA08: GDP: by Expenditure: Current Price: Seasonally Adjusted.

Os dados de Pib Per Capita da Coreia do Sul foram registrados em 36,222.600 USD em 2024. Este é um registro de um aumento com relação aos números anteriores de 35,681.000 USD em 2023. Os dados de Pib Per Capita da Coreia do Sul são atualizados anualmente, com uma média de 5.500 USD em 1953 até 2024, com 72 observações. Os dados alcançaram um alto recorde de 5.500 USD em 2025 e um baixo recorde de 5.500 USD em 2025. Os dados de Pib Per Capita da Coreia do Sul permanecem com status ativo na CEIC e são reportados pela fonte: The Bank of Korea. Os dados são classificados sob o Global Database’ Coréia Do Sul – Table KR.A: SNA08: GDP: by Expenditure: Current Price: Annual.

Actual value and historical data chart for South Korea GDP Per Person Employed Constant 1990 Ppp Dollar

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Gross Fixed Capital Formation for Korea (NAEXKP04KRA657S) from 1961 to 2024 about fixed capital formation, Korea, fixed, capital, gross, real, and GDP.