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.

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).

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.

This statistic presents the results of a survey on South Korea's perceived and actual economic ranking among the world's top 200 countries as of October 2018. According to data published by Ipsos, South Korean respondents underestimated their country's global economic ranking. On average, the respondents thought that South Korea's GDP ranked 20th among top 200 countries, when South Korea was the ******** largest economy in the world.

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.

The Gross Domestic Product (GDP) in North Korea was worth 18 billion US dollars in 2019, according to official data from the World Bank. The GDP value of North Korea represents 0.02 percent of the world economy. This dataset provides - North Korea GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Time series data for the statistic Total Credit To General Government (% of GDP) and country Korea, Rep.. Indicator Definition:Total Credit To General Government (% of GDP)The indicator "Total Credit To General Government (% of GDP)" stands at 47.20 as of 3/31/2025, the highest value at least since 3/31/1991, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 4.42 percent compared to the value the year prior.The 1 year change in percent is 4.42.The 3 year change in percent is 7.76.The 5 year change in percent is 17.12.The 10 year change in percent is 27.22.The Serie's long term average value is 22.58. It's latest available value, on 3/31/2025, is 109.03 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 12/31/1996, to it's latest available value, on 3/31/2025, is +972.73%.The Serie's change in percent from it's maximum value, on 3/31/2025, to it's latest available value, on 3/31/2025, is 0.0%.

Time series data for the statistic Gross Domestic Product, Nominal, Unadjusted, Domestic Currency and country Korea, Rep.. Indicator Definition:Gross Domestic Product, Nominal, Unadjusted, Domestic CurrencyThe indicator "Gross Domestic Product, Nominal, Unadjusted, Domestic Currency" stands at 657.84 Trillion as of 06/30/2025. Regarding the One-Year-Change of the series, the current value constitutes an increase of 3.40 percent compared to the value the year prior.The 1 year change in percent is 3.40.The 3 year change in percent is 13.21.The 5 year change in percent is 30.83.The 10 year change in percent is 52.37.The Serie's long term average value is 308.16 Trillion. It's latest available value, on 06/30/2025, is 113.47 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 03/31/1990, to it's latest available value, on 06/30/2025, is +1,347.58%.The Serie's change in percent from it's maximum value, on 12/31/2024, to it's latest available value, on 06/30/2025, is -1.66%.

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Time series data for the data Real Gross Domestic Product - Components - Current Local Curreny Unit (CLU) for the country Korea, Rep.. Indicator Definition:Real Private Sector Final Consumption Expenditure, Unadjusted, Domestic CurrencyThe indicator "Real Private Sector Final Consumption Expenditure, Unadjusted, Domestic Currency" stands at 1.10 Quadrillion South Korean Wons as of 6/30/2025, the highest value at least since 6/30/1991, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.9575 percent compared to the value the year prior.The 1 year change in percent is 0.9575.The 3 year change in percent is 5.59.The 5 year change in percent is 8.89.The 10 year change in percent is 21.08.The Serie's long term average value is 0.746 Quadrillion South Korean Wons. It's latest available value, on 6/30/2025, is 47.57 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 3/31/1991, to it's latest available value, on 6/30/2025, is +244.97%.The Serie's change in percent from it's maximum value, on 6/30/2025, to it's latest available value, on 6/30/2025, is 0.0%.Indicator Definition:Real General Government Final Consumption Expenditure, Unadjusted, Domestic CurrencyThe indicator "Real General Government Final Consumption Expenditure, Unadjusted, Domestic Currency" stands at 0.4051 Quadrillion South Korean Wons as of 6/30/2025, the highest value at least since 6/30/1991, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 2.74 percent compared to the value the year prior.The 1 year change in percent is 2.74.The 3 year change in percent is 6.96.The 5 year change in percent is 17.93.The 10 year change in percent is 50.27.The Serie's long term average value is 0.212 Quadrillion South Korean Wons. It's latest available value, on 6/30/2025, is 90.98 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 3/31/1991, to it's latest available value, on 6/30/2025, is +369.26%.The Serie's change in percent from it's maximum value, on 6/30/2025, to it's latest available value, on 6/30/2025, is 0.0%.Indicator Definition:Real Gross Fixed Capital Formation, Unadjusted, Domestic CurrencyThe indicator "Real Gross Fixed Capital Formation, Unadjusted, Domestic Currency" stands at 0.646 Quadrillion South Korean Wons as of 6/30/2025, the lowest value since 3/31/2021. Regarding the One-Year-Change of the series, the current value constitutes a decrease of -2.51 percent compared to the value the year prior.The 1 year change in percent is -2.51.The 3 year change in percent is -1.91.The 5 year change in percent is 2.39.The 10 year change in percent is 20.65.The Serie's long term average value is 0.451 Quadrillion South Korean Wons. It's latest available value, on 6/30/2025, is 43.19 percent higher, compared to it's long term average value.The Serie's change in percent from it's minimum value, on 3/31/1991, to it's latest available value, on 6/30/2025, is +227.76%.The Serie's change in percent from it's maximum value, on 6/30/2023, to it's latest available value, on 6/30/2025, is -3.61%.Indicator Definition:Real Changes in Inventories, Unadjusted, Domestic CurrencyThe indicator "Real Changes in Inventories, Unadjusted, Domestic Currency" stands at 0.0054 Quadrillion South Korean Wons as of 6/30/2025. Regarding the One-Year-Change of the series, the current value constitutes an decrease of -0.0018 Quadrillion South Korean Wons compared to the value the year prior.The 1 year change is -0.0018 Quadrillion South Korean Wons.The 3 year change is -0.0075 Quadrillion South Korean Wons.The 5 year change is -0.0067 Quadrillion South Korean Wons.The 10 year change is -0.0041 Quadrillion South Korean Wons.The Serie's long term average value is 0.0132 Quadrillion South Korean Wons. It's latest available value, on 6/30/2025, is -0.0078 Quadrillion South Korean Wons lower, compared to it's long term average value.The Serie's change in South Korean Wons from it's minimum value, on 9/30/2009, to it's latest available value, on 6/30/2025, is +0.0144 Quadrillion.The Serie's change in South Korean Wons from it's maximum value, on 9/30/2008, to it's latest available value, on 6/30/2025, is -0.038 Quadrillion.Indicator Definition:Net Trade is defined as exports minus imports (measured in local currency units (LCU)).The indicator "Net Trade (Current LCU)" stands at 0.1357 Quadrillion South Korean Wons as of 6/30/2025, the highest value at least since 6/30/1991, the period currently displayed. Regarding the One-Year-Change of the series, the current value constitutes an increase of 0.0082 Quadrillion South Korean Wons compared to the value the year prior.The 1 year change is 0.0082 Quadrillion South Korean Wons.The 3 year change is 0.0346 Quadrillion South Korean Wons.The 5 year ...

This dataset provides values for GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2023, the gross regional product of South Korea's Gyeonggi Province amounted to about *** trillion South Korean won, followed by the capital Seoul with around *** trillion won. Gyeonggi and Seoul accounted for almost ** percent of South Korea's gross domestic product (GDP) that year.

This dataset provides values for GDP PER CAPITA reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2021, Macao had the highest estimated gross domestic product (GDP) growth with **** percent, followed by the Maldives with an estimated GDP growth of **** percent. Many economies were forecasted to have seen a decline in GDP in 2021, possibly due to COVID-19, reaching up to *** percent in Myanmar. Nevertheless, almost economies were forecasted to recover in 2022 and 2023.

The economic state in Asia

In 2020, China led the Asia Pacific region in terms of GDP with approximately **** trillion U.S. dollars, followed by India, South Korea, and Australia. In comparison, the GDP value for emerging and developing Asia was at aproximately **** trillion international dollars in that year. In terms of GDP per capita, Singapore ranked the highest with approximately **** U.S. dollars, followed by Australia with a per capita GDP of around **** U.S. dollars.

Higher GDP growth for developing Asia Pacific countries

For 2022 and 2023, it was forecasted that Macao and the Maldives would have the highest GDP growth. Overall, Afghanistan had the highest predicted rise in GDP growth from 2021 to 2023. South Asia, Southeast Asia, and Southwest Asia were forecasted to be leading the region’s economic growth with comparably higher GDP growth rates. Developed countries including Australia, New Zealand and Japan were projected to have stagnant GDP growth.

The statistic shows the total population of South Korea from 2020 to 2024, with projections up until 2030. In 2024, the total population of South Korea was about 51.75 million people. Population of South Korea South Korea, also called Republic of Korea, has one of the highest population densities worldwide, i.e. a very high number of inhabitants per square kilometer. However, this does not equal bad standard of living; on the Human Development Index, which ranks countries by their level of living standards using key factors, such as unemployment rate, literacy rate, fertility and mortality rates, etc., South Korea is among the highest-ranked countries. When looking at the aforementioned key factors, South Korea indeed seems to offer a fairly stable environment for its inhabitants, economically and demographically: The country’s unemployment rate has been relatively steady for the past decade, its gross domestic product (GDP) is constantly increasing, and it is among the countries with the highest trade surplus worldwide. As for standard of living, life expectancy at birth in South Korea is among the highest worldwide – South Korea is even mentioned in a recent ranking of the best birthplaces for children. Despite the high population density, South Korea is now one of the countries with the lowest fertility rates, i.e. the number of babies born by women of childbearing age. This apparent discrepancy could be explained by a high number of immigrants coupled with the aforementioned high life expectancy.

This dataset provides values for HOUSEHOLDS DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

In 2024, North Korea's military spending accounted for over 34.38 percent of its gross domestic product (GDP), ranking it first among countries with the highest share of military expenditure in GDP. Additionally, North Korea had the highest military expenditure per capita among these countries.

In 1800, it is estimated that approximately 9.4 million people lived in the region of modern-day South Korea (and 13.8 million on the entire peninsula). The population of this region would remain fairly constant through much of the 19th century, but would begin to grow gradually starting in the mid-1800s, as the fall of the Joseon dynasty and pressure from the U.S. and Japan would end centuries of Korean isolationism. Following the opening of the country to foreign trade, the Korean peninsula would begin to modernize, and by the start of the 20th century, it would have a population of just over ten million. The Korean peninsula was then annexed by Japan in 1910, whose regime implemented industrialization and modernization policies that saw the population of South Korea rising from just under ten million in 1900, to over fifteen million by the start of the Second World War in 1939.

The Korean War Like most regions, the end of the Second World War coincided with a baby boom, that helped see South Korea's population grow by almost two million between 1945 and 1950. However, this boom would stop suddenly in the early 1950s, due to disruption caused by the Korean War. After WWII, the peninsula was split along the 38th parallel, with governments on both sides claiming to be the legitimate rulers of all Korea. Five years of tensions then culminated in North Korea's invasion of the South in June 1950, in the first major conflict of the Cold War. In September, the UN-backed South then repelled the Soviet- and Chinese-backed Northern army, and the frontlines would then fluctuate on either side of the 38th parallel throughout the next three years. The war came to an end in July, 1953, and had an estimated death toll of three million fatalities. The majority of fatalities were civilians on both sides, although the North suffered a disproportionate amount due to extensive bombing campaigns of the U.S. Unlike North Korea, the South's total population did not fall during the war.

Post-war South Korea Between the war's end and the late 1980s, the South's total population more than doubled. In these decades, South Korea was generally viewed as a nominal democracy under authoritarian and military leadership; it was not until 1988 when South Korea transitioned into a stable democracy, and grew its international presence. Much of South Korea's rapid socio-economic growth in the late 20th century was based on the West German model, and was greatly assisted by Japanese and U.S. investment. Today, South Korea is considered one of the world's wealthiest and most developed nations, ranking highly in terms of GDP, human development and life expectancy; it is home to some of the most valuable brands in the world, such as Samsung and Hyundai; and has a growing international cultural presence in music and cinema. In the past decades, South Korea's population growth has somewhat slowed, however it remains one of the most densely populated countries in the world, with total population of more than 51 million people.

The statistic depicts Australia's gross domestic product (GDP) from 1987 to 2024, with projections up until 2030. In 2024, GDP in Australia amounted to about 1.8 trillion US dollars. See global GDP for a global comparison. Australia’s economy and population Australia’s gross domestic product has been growing steadily, and all in all, Australia and its economic key factors show a well-set country. Australia is among the countries with the largest gross domestic product / GDP worldwide, and thus one of the largest economies. It was one of the few countries not severely stricken by the 2008 financial crisis; its unemployment rate, inflation rate and trade balance, for example, were hardly affected at all. In fact, the trade balance of Australia – a country’s exports minus its imports – has been higher than ever since 2010, with a slight dip in 2012. Australia mainly exports wine and agricultural products to countries like China, Japan or South Korea. One of Australia’s largest industries is tourism, which contributes a significant share to its gross domestic product. Almost half of approximately 23 million Australian residents are employed nowadays, life expectancy is increasing, and the fertility rate (the number of children born per woman) has been quite stable. A look at the distribution of the world population by continent shows that Australia is ranked last in terms of population and population density. Most of Australia's population lives at the coast in metropolitan areas, since parts of the continent are uninhabitable. Unsurprisingly, Australia is known as a country with very high living standards, four of its biggest cities – Melbourne, Adelaide, Sydney and Perth – are among the most livable cities worldwide.

In 2024, the value of the lending to households in Switzerland as a share of its gross domestic product (GDP) was higher than in any of the countries selected here. Australian, Canadian, and South Korean households had an amount of credit which was higher than the overall size of their economy. That year, household lending in Argentina amounted to *** percent of its GDP, which was the lowest figure in the ranking. What is the household debt? Household debt, also known as family debt, includes loans taken to pay for the home or other property, education, vehicles, and other expenses. The largest component of this is mortgage debt, which is seen by many as a way to build long-term equity. As such, households are willing to take on a large amount of this debt with the goal of owning an asset that holds value and can be used as a residence in the meantime. The cost of debt The cost of a loan depends on a number of factors such as the interest rate, borrower’s credit risk or time period of a loan. The value of mortgage and the rate of return on assets such as real estate also depend largely on geographic location. The highest borrowers in this statistic are likely living in countries where credit is affordable and expected returns are relatively high, incentivizing heavy borrowing.