Actual value and historical data chart for South Korea Gni Per Capita PPP Us Dollar

Actual value and historical data chart for South Korea Gni Per Capita Atlas Method Us Dollar

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

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.

• 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.

Actual value and historical data chart for South Korea Gni Per Capita Growth Annual Percent

Key information about South Korea Gross National Product (GNP)

• South Korea Gross National Product (GNP) was reported at 476.417 USD bn in Jun 2025.
• This records an increase from the previous number of 437.513 USD bn for Mar 2025.
• South Korea Gross National Product (GNP) data is updated quarterly, averaging 92.329 USD bn from Mar 1960 to Jun 2025, with 262 observations.
• The data reached an all-time high of 504.355 USD bn in Dec 2021 and a record low of 554.231 USD mn in Sep 1961.

• South Korea Gross National Product (GNP) data remains active status in CEIC and is reported by CEIC Data.
• CEIC converts quarterly Gross National Product into USD. The Bank of Korea provides Gross National Product in local currency. Federal Reserve Board average market exchange rate is used for currency conversions.

Actual value and historical data chart for South Korea Gni Per Capita PPP Constant 2011 International $

Actual value and historical data chart for South Korea Gni Us Dollar

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.

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.

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.

• 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.

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.

Gross National Product in South Korea increased to 573849.60 KRW Billion in the second quarter of 2025 from 548046.20 KRW Billion in the first quarter of 2025. This dataset provides - South Korea Gross National Income - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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.

• 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.

Key information about South Korea Gross Savings Rate

• South Korea Gross Savings Rate was measured at 35.2% in Jun 2025, compared with 35.2% in the previous quarter.
• South Korea Gross Savings Rate is updated quarterly, with data available from Mar 1970 to Jun 2025, and an average rate of 35.2%.
• The data reached an all-time high of 35.2% in Sep 1988 and a record low of -0.8% in Mar 1972.
• CEIC calculates Gross National Savings Rate from quarterly Gross Savings and quarterly Gross National Income. The Bank of Korea provides Gross Savings in local currency and Gross National Income in local currency.
• In the latest reports, South Korea GDP expanded 1.7% YoY in Sep 2025.
• South Korea Nominal GDP reached 471,908.5 USD mn in Jun 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.

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.

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Commercial Ice Cream Freezers Market Size 2025-2029

The commercial ice cream freezers market size is forecast to increase by USD 6.42 billion at a CAGR of 9.6% between 2024 and 2029.

The market is experiencing significant growth due to the increasing demand for frozen desserts. This trend is driven by the rising preference for convenient and affordable frozen treats, particularly In the foodservice industry. Additionally, advances in freezer technologies, such as energy efficiency and improved design, are contributing to market growth. However, challenges persist, including the rise in compressor failure issues, which can lead to costly repairs and downtime for businesses. To mitigate these challenges, manufacturers are focusing on developing more durable and reliable freezers to meet the evolving needs of the market. Overall, the market is expected to continue its growth trajectory, driven by consumer demand and technological advancements.

What will be the Size of the Market During the Forecast Period?

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The market encompasses the production and sale of freezers specifically designed for storing and displaying ice cream, frozen desserts, and related products. This market is driven by the growing demand for frozen treats, fueled by consumer preferences for milk, cream, fruits, and both artificial and natural flavors. The freezing process plays a crucial role, with advancements in refrigeration components, such as compressors and CFC-free refrigerants, enabling more efficient and sustainable freezing solutions. Market trends include increasing labeling requirements for reduced fat, low fat, and non-fat options, as well as the growing popularity of electrically-powered freezers. Supermarkets and hypermarkets, bars and clubs, and food service establishments are key end-users, while the scope of the market extends to frozen fruits, vegetables, and other food products.
Varieties of commercial freezers include chest freezers, upright freezers, drawer freezers, portable freezers, and frost-free models. Overall, the market is expected to continue growing, driven by consumer demand and technological innovation.

How is this Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Capacity

  Medium
  Large
  Small


Technology

  Forced air cooling
  Static cooling


End-user

  Retail
  Restaurants
  Hotels
  Catering units


Usage

  Display
  Storage
  Hardening


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France


  North America

    Canada
    US


  Middle East and Africa



  South America

By Capacity Insights

The medium segment is estimated to witness significant growth during the forecast period.

The medium segment in the market caters to businesses requiring moderate to large volumes of frozen products, including ice cream and frozen desserts. Suitable for medium-sized retail and foodservice establishments such as specialty stores, ice cream parlors, and small grocery outlets, these freezers offer a balance between sufficient storage space and operational efficiency. With capacities ranging from 10 to 50 cubic feet, they provide ample space for diverse product offerings while maintaining an organized inventory system. Key features include energy-efficient compressors, CFC-free refrigerants, and electronic control systems. Insulating materials ensure minimal energy consumption, while intelligent characteristics such as auto defrosting and low energy consumption add to their convenience.

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The medium segment was valued at USD 3.22 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 55% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The commercial ice cream freezer market is driven by the rising demand for frozen desserts, particularly ice cream, due to increasing gross national income per capita and population growth in various regions. The temperature increase in Asia Pacific is projected to reach 35.6 degrees F during the forecast period, further fueling the demand for ice cream and subsequently, ice cream freezers. Milk, cream, fruits, artificial and natural flavors are integral components of ice cream production. The freezing process involves the use of freezers, refrigeration components such as compressors and

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

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.