The ratio of national debt to gross domestic product (GDP) in South Korea was forecast to continuously increase between 2024 and 2030 by in total 6.7 percentage points. After the tenth consecutive increasing year, the ratio is estimated to reach 59.19 percent and therefore a new peak in 2030. Notably, the ratio of national debt to gross domestic product (GDP) was continuously increasing over the past years.This indicator describes the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like China, Japan, and Taiwan.

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.

The budget balance in relation to the GDP in South Korea was forecast to continuously increase between 2024 and 2030 by in total 0.23 percentage points. The budget balance is estimated to amount to -0.41 percent in 2030. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more key insights for the budget balance in relation to the GDP in countries like Japan, Taiwan, and China.

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 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.

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 %.

• 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.

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.

• 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.

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

Leading Economic Index South Korea increased to 122.30 in October of 2025 over the same month in the previous year. This dataset provides - South Korea Leading Economic Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

South Korea: Economic freedom, overall index (0-100): The latest value from 2025 is 74 index points, an increase from 73 index points in 2024. In comparison, the world average is 60 index points, based on data from 174 countries. Historically, the average for South Korea from 1995 to 2025 is 71 index points. The minimum value, 66 index points, was reached in 2005 while the maximum of 75 index points was recorded in 2022.

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.

South Korea Exports: First 25 days: EU data was reported at 3.529 USD bn in Mar 2019. South Korea Exports: First 25 days: EU data is updated monthly, averaging 3.529 USD bn from Mar 2019 (Median) to Mar 2019, with 1 observations. South Korea Exports: First 25 days: EU data remains active status in CEIC and is reported by Ministry of Trade, Industry and Energy. The data is categorized under Global Database’s South Korea – Table KR.JA002: Trade Statistics: First 25 days.

In 2024, the gross domestic product (GDP) produced from the manufacturing sector in South Korea amounted to approximately 611 trillion South Korean won, being the most valuable sector by far compared to other sectors of the country. However, when looking at the combined GDP of all service industry sectors, their total exceeded 1,000 trillion won. This indicates that the service sector collectively plays a crucial role in driving the country's economic growth.

South Korea GDP Nowcast: sa: YoY: Contribution: Trade Statistics: Imports cif 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: Trade Statistics: Imports cif 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 0.000 % in 12 May 2025 and a record low of 0.000 % in 12 May 2025. South Korea GDP Nowcast: sa: YoY: Contribution: Trade Statistics: Imports cif 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).

South Korea Exports: Europe: EU (28) data was reported at 6,768,024.000 USD th in Mar 2025. This records an increase from the previous number of 5,686,513.000 USD th for Feb 2025. South Korea Exports: Europe: EU (28) data is updated monthly, averaging 4,219,918.000 USD th from Jan 2000 (Median) to Mar 2025, with 303 observations. The data reached an all-time high of 6,944,221.000 USD th in Mar 2022 and a record low of 1,587,088.000 USD th in Jul 2001. South Korea Exports: Europe: EU (28) data remains active status in CEIC and is reported by Korea Customs Service. The data is categorized under Global Database’s South Korea – Table KR.JA007: Trade Statistics: Export: Value: by Country. Figures represent the trade statistics of Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, and the United Kingdom, regardless of their entry or exit dates in the European Union.

South Korea Exports: First 25 days: LI: Articles of Plastic data was reported at 655.000 USD mn in Mar 2019. South Korea Exports: First 25 days: LI: Articles of Plastic data is updated monthly, averaging 655.000 USD mn from Mar 2019 (Median) to Mar 2019, with 1 observations. South Korea Exports: First 25 days: LI: Articles of Plastic data remains active status in CEIC and is reported by Ministry of Trade, Industry and Energy. The data is categorized under Global Database’s South Korea – Table KR.JA002: Trade Statistics: First 25 days.

This forecast statistic shows the sales value of department store retail in South Korea from 2008 to 2013, with forecasts up until 2020. By 2016, sales values of department store retail in South Korea are projected to reach approximately 56.63 billion U.S. dollars.Figures include retail sales in other non-specialized large stores.

South Korea Imports: First 25 days: EU data was reported at 3.940 USD bn in Mar 2019. South Korea Imports: First 25 days: EU data is updated monthly, averaging 3.940 USD bn from Mar 2019 (Median) to Mar 2019, with 1 observations. South Korea Imports: First 25 days: EU data remains active status in CEIC and is reported by Ministry of Trade, Industry and Energy. The data is categorized under Global Database’s South Korea – Table KR.JA002: Trade Statistics: First 25 days.

KR: No of Internet Subscriber: High Speed: xDSL data was reported at 740.034 Person th in Sep 2018. This records a decrease from the previous number of 750.474 Person th for Aug 2018. KR: No of Internet Subscriber: High Speed: xDSL data is updated monthly, averaging 2,818.174 Person th from Jul 2002 (Median) to Sep 2018, with 195 observations. The data reached an all-time high of 7,635.425 Person th in May 2011 and a record low of 740.034 Person th in Sep 2018. KR: No of Internet Subscriber: High Speed: xDSL data remains active status in CEIC and is reported by Ministry of Science and ICT. The data is categorized under Global Database’s Korea – Table KR.TB001: Communication Statistics.