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.

Graph and download economic data for Gross Domestic Product for Republic of Korea (MKTGDPKRA646NWDB) from 1960 to 2023 about Korea and GDP.

Graph and download economic data for Fertility Rate, Total for the Democratic People's Republic of Korea (SPDYNTFRTINPRK) from 1960 to 2023 about North Korea, fertility, and rate.

The Gross Domestic Product (GDP) in South Korea expanded 0.60 percent in the second 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 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.

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

The statistic shows gross domestic product (GDP) of South Korea from 1987 to 2024, with projections up until 2029. 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 1.87 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.

Graph and download economic data for Population, Total for Republic of Korea (POPTOTKRA647NWDB) from 1960 to 2024 about Korea and population.

In 2025, the total population of South Korea is projected to be around ***** million. In thirty years, the number of people aged 15 to 64 is estimated to decrease by one-third, while the number of older adults is anticipated to more than double. Additionally, the overall population is expected to decline by around *** million people by that time. Declining birth rate Several factors are contributing to the expected demographic changes in South Korea. Firstly, the birth rate has been declining for years. As of 2024, South Korea had the lowest fertility rate in the world. This trend continues despite the efforts of successive governments to encourage young people to have children. An increasing number of South Korean women are prioritizing their careers, often choosing to focus on work rather than starting a family at a young age. While the employment rate for South Korean women is still lower than that of men, it has steadily risen over the past decade. Increase in life expectancy Secondly, life expectancy in South Korea has steadily increased due to improved living standards and healthcare. The average life expectancy at birth for South Koreans has risen from less than 75 years to almost 83 years over the past twenty years. As a result, the proportion of people aged 65 and older has grown from less than ** percent to around ** percent in the last decade.

Graph and download economic data for National Accounts: GDP by Expenditure: Current Prices: Gross Domestic Product: Total for Korea (KORGDPNADSMEI) from 1960 to 2022 about Korea and GDP.

In 2024, the population of South Korea was estimated to be about ***** million. The population of North Korea was approximately ***** million, which is roughly half the population of South Korea. Economic comparison between South and North Korea Following the Korean War (1950-1953), South Korea and North Korea pursued vastly different trajectories, both politically and economically. South Korea embraced capitalism and free market principles, which fueled its rapid economic growth and transformed it into one of the world's leading economies. In contrast, North Korea adopted a state-controlled, centrally planned economy, leading to isolation and economic stagnation. While South Korea's gross domestic product (GDP) reached around ***** trillion South Korean won in 2023, only about ** trillion won was recorded for North Korea. Food crisis in North Korea North Korea has faced food insecurity for a long time, and this has been exacerbated in the aftermath of the COVID-19 pandemic. It was estimated that the country had a food shortage of around ******* metric tons in 2023. Although the North Korean government maintains a centrally planned economic system, food distribution has long been a problem, as an increasing number of North Korean defectors have reported that they have never received food from North Korean authorities.

The Gross Domestic Product (GDP) in South Korea expanded 0.50 percent in the second 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.

Unemployment Rate in South Korea decreased to 2.60 percent in June from 2.70 percent in May of 2025. This dataset provides - South Korea Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the birth rate in South Korea stood at 0.75 births per woman. The country has long struggled with a declining birth rate, dropping below one birth per woman in 2018.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Korea (NAEXKP07KRQ652S) from Q1 1960 to Q3 2023 about Korea, imports, goods, services, real, and GDP.

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.

Graph and download economic data for Crude Birth Rate for the Republic of Korea (SPDYNCBRTINKOR) from 1960 to 2023 about birth, Korea, crude, and rate.

Graph and download economic data for Composite Leading Indicators: Reference Series (GDP) Calendar and Seasonally Adjusted for Korea (LORSGPORKRQ659S) from Q1 1961 to Q4 2023 about leading indicator, Korea, and GDP.

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

The total population of South Korea was estimated to reach around **** million in 2025. While South Korea's population has increased since the 1960s, it is expected to fall to about ** million by 2072.