South Korea: GDP, current U.S. dollars

* indicates monthly or quarterly data series
 South Korea

Gross Domestic Product, billions of U.S. dollars

 Latest value 1,673.92
 Year 2022
 Measure billion U.S. dollars
 Data availability 1960 - 2022
 Average 539.90
 Min - Max 2.42 - 1,818.43
 Source The World Bank
For that indicator, we provide data for South Korea from 1960 to 2022. The average value for South Korea during that period was 539.9 billion U.S. dollars with a minimum of 2.42 billion U.S. dollars in 1961 and a maximum of 1818.43 billion U.S. dollars in 2021. The latest value from 2022 is 1673.92 billion U.S. dollars. For comparison, the world average in 2022 based on 183 countries is 543.51 billion U.S. dollars. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
South Korea - GDP, current U.S. dollars - Recent values chart

Historical chart
South Korea - GDP, current U.S. dollars - historical chart - 1960-2022

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.

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Real and nominal economic growth

 Related indicators Latest value Reference Measure
 Economic growth 2.61 2022 percent
 GDP, constant dollars 1,740.9 2022 billion U.S. dollars
 GDP, current U.S. dollars 1,673.92 2022 billion U.S. dollars
 GDP per capita, current dollars 32,422.57 2022 U.S. dollars
 GDP per capita, PPP 45,560 2022 U.S. dollars
 GDP per capita, constant dollars 33,719.39 2022 U.S. dollars
 Productivity, relative to the U.S. 54.75 2022 index points
 Productivity, current USD 50.1 2022 USD per hour worked
 Economic growth, quarterly 1.40 Q3/2023 percent
 Economic growth Q-on-Q 0.60 Q3/2023 percent
 Gross Domestic Product (GDP) 572,283.50 Q3/2023 billion
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