South Korea: GDP, current U.S. dollars

For that indicator, we provide data for South Korea from 1960 to 2021. The average value for South Korea during that period was 521.51 billion U.S. dollars with a minimum of 2.42 billion U.S. dollars in 1961 and a maximum of 1810.96 billion U.S. dollars in 2021. The latest value from 2021 is 1810.96 billion U.S. dollars. For comparison, the world average in 2021 based on 186 countries is 510.60 billion U.S. dollars. 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.