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.

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.

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 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.

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

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.

• 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.

South Korea Gross Domestic Product (GDP) data was reported at 673,343.300 KRW bn in Sep 2025. This records an increase from the previous number of 657,836.900 KRW bn for Jun 2025. South Korea Gross Domestic Product (GDP) data is updated quarterly, averaging 76,805.900 KRW bn from Mar 1960 (Median) to Sep 2025, with 263 observations. The data reached an all-time high of 673,343.300 KRW bn in Sep 2025 and a record low of 49.090 KRW bn in Mar 1960. South Korea Gross Domestic Product (GDP) 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.A: SNA08: GDP: by Expenditure: Current Price.

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.

Quarterly dataset of the South Korea GDP Growth Rate (YoY), including historical data, latest releases, and long-term trends from 1961-03-31 to 2025-09-30. Available for free download in CSV format.

The latest data from show economic growth of 1.71 percent, which is an increase from the rate of growth of 0.62 percent in the previous quarter and
an increase compared to the growth rate of 1.53 percent in the same quarter last year. The economic growth time series for South Korea cover the...

Key information about South Korea Nominal GDP Growth

• South Korea Nominal GDP Growth was reported at 3.424 % in Jun 2025.
• This records an increase from the previous number of 2.159 % for Mar 2025.
• South Korea Nominal GDP Growth data is updated quarterly, averaging 12.013 % from Mar 1961 to Jun 2025, with 258 observations.
• The data reached an all-time high of 49.049 % in Sep 1963 and a record low of -4.749 % in Dec 1998.
• South Korea Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

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

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 Potential(GDP) Gross Domestic ProductGrowth: Volume data was reported at 1.978 % in 2026. This records a decrease from the previous number of 2.025 % for 2025. South Korea Potential(GDP) Gross Domestic ProductGrowth: Volume data is updated yearly, averaging 4.421 % from Dec 1986 (Median) to 2026, with 41 observations. The data reached an all-time high of 9.644 % in 1990 and a record low of 1.978 % in 2026. South Korea Potential(GDP) Gross Domestic ProductGrowth: Volume 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: Potential Output and Output Gap: Forecast: OECD Member: Annual. GDPVTR_ANNPCT - Potential output, volume, growth. Percentage change compared to the previous period. Quarterly growth expressed at annual rate.

GDP from Public Administration in South Korea increased to 37047.60 KRW Billion in the second quarter of 2025 from 36633.60 KRW Billion in the first quarter of 2025. This dataset provides the latest reported value for - South Korea Gdp From Public Administration - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Nominal Gross Domestic Product for Republic of Korea (NGDPSAXDCKRQ) from Q1 1960 to Q1 2025 about Korea and GDP.

Graph and download economic data for Real Gross Domestic Product for Republic of Korea (NGDPRSAXDCKRQ) from Q1 1960 to Q2 2025 about Korea, real, and GDP.

Household debt to GDP, in percent in South Korea, March, 2025 The most recent value is 89.5 percent as of March 2025, a decline compared to the previous value of 89.6 percent. Historically, the average for South Korea from March 1999 to March 2025 is 73.23 percent. The minimum of 43.5 percent was recorded in December 1999, while the maximum of 99.1 percent was reached in September 2021. | TheGlobalEconomy.com

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.