The Gross Domestic Product (GDP) in South Korea expanded 1.30 percent in the third quarter of 2025 over the previous quarter. This dataset provides - South Korea GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in South Korea was worth 1712.79 billion US dollars in 2023, according to official data from the World Bank. The GDP value of South Korea represents 1.62 percent of the world economy. This dataset provides - South Korea GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

As of May 2024, real gross domestic product (GDP) growth in South Korea was forecasted at *** percent for 2024 and *** percent for 2025. The coronavirus (COVID-19) adversely affected the South Korean economy, which, however, quickly recovered as early as 2021.

The statistic shows gross domestic product (GDP) of South Korea from 1987 to 2024, with projections up until 2030. 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 1.9 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.

GDP (current US$) in South Korea was reported at 1712792854202 USD in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Korea - GDP - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.

GDP, billion currency units in South Korea, June, 2025 The most recent value is 657836.9 billion South Korean Won as of Q2 2025, an increase compared to the previous value of 622771.1 billion South Korean Won. Historically, the average for South Korea from Q1 1960 to Q2 2025 is 171131.77 billion South Korean Won. The minimum of 49.09 billion South Korean Won was recorded in Q1 1960, while the maximum of 668933.8 billion South Korean Won was reached in Q4 2024. | TheGlobalEconomy.com

The Gross Domestic Product (GDP) in South Korea expanded 1.70 percent in the third quarter of 2025 over the same quarter of the previous year. This dataset provides - South Korea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Economic growth, quarterly in South Korea, September, 2025 The most recent value is 1.17 percent as of Q3 2025, an increase compared to the previous value of 0.67 percent. Historically, the average for South Korea from Q2 1960 to Q3 2025 is 1.69 percent. The minimum of -6.71 percent was recorded in Q1 1998, while the maximum of 8.37 percent was reached in Q3 1969. | TheGlobalEconomy.com

Investment as percent of GDP in South Korea, June, 2025 The most recent value is 29.51 percent as of Q2 2025, an increase compared to the previous value of 27.6 percent. Historically, the average for South Korea from Q1 1960 to Q2 2025 is 28.46 percent. The minimum of 8.44 percent was recorded in Q4 1960, while the maximum of 41.27 percent was reached in Q2 1991. | TheGlobalEconomy.com

GDP from Transport in South Korea increased to 26764.50 KRW Billion in the second quarter of 2025 from 26223.50 KRW Billion in the first quarter of 2025. This dataset provides the latest reported value for - South Korea Gdp From Transport - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2025, the export value of computers and peripheral devices from South Korea is forecasted to be roughly 16.07 billion U.S. dollars. This has fluctuated throughout the survey period.

Monthly and long-term Korea economic indicators data: historical series and analyst forecasts curated by FocusEconomics.

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.

GDP from Services in South Korea increased to 334600.10 KRW Billion in the second quarter of 2025 from 331842.40 KRW Billion in the first quarter of 2025. This dataset provides the latest reported value for - South Korea Gdp From Services - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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.

Consumption as percent of GDP in South Korea, June, 2025 The most recent value is 47.24 percent as of Q2 2025, a decline compared to the previous value of 50.33 percent. Historically, the average for South Korea from Q1 1960 to Q2 2025 is 59.38 percent. The minimum of 46.38 percent was recorded in Q4 2020, while the maximum of 116.12 percent was reached in Q1 1964. | TheGlobalEconomy.com

South Korea GDP Nowcast: sa: YoY: Contribution: Economic Expectation data was reported at 0.000 % in 12 May 2025. This stayed constant from the previous number of 0.000 % for 05 May 2025. South Korea GDP Nowcast: sa: YoY: Contribution: Economic Expectation data is updated weekly, averaging 0.000 % from Jan 2019 (Median) to 12 May 2025, with 332 observations. The data reached an all-time high of 6.030 % in 27 Sep 2021 and a record low of 0.000 % in 12 May 2025. South Korea GDP Nowcast: sa: YoY: Contribution: Economic Expectation data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s South Korea – Table KR.CEIC.NC: CEIC Nowcast: Gross Domestic Product (GDP).

Monthly dataset of the South Korea Core Inflation Rate, including historical data, latest releases, and long-term trends from 1976-01-31 to 2025-11-30. Available for free download in CSV format.

Consumer credit, billion currency units in South Korea, September, 2025 The most recent value is 625135.1 billion South Korean Won as of September 2025, an increase compared to the previous value of 624010.3 billion South Korean Won. Historically, the average for South Korea from December 2006 to September 2025 is 499413.94 billion South Korean Won. The minimum of 280253.1 billion South Korean Won was recorded in January 2007, while the maximum of 696169.6 billion South Korean Won was reached in November 2021. | TheGlobalEconomy.com

Economic Optimism Index in South Korea decreased to 94.10 points in November from 94.40 points in October of 2025. This dataset provides - South Korea Economic Optimism Index- actual values, historical data, forecast, chart, statistics, economic calendar and news.