South Korea: Gross Domestic Product, billions of U.S. dollars: For that indicator, The World Bank provides data for South Korea from 1960 to 2016. The average value for South Korea during that period was 403.5 billion U.S. dollars with a minumum of 2.42 billion U.S. dollars in 1961 and a maximum of 1411.33 billion U.S. dollars in 2014. See the global rankings for that indicator or use the country comparator to compare trends over time.
Definition: GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.