South Korea: Gross Domestic Product (GDP)
* indicates monthly or quarterly data series
The most recent value is 641917.7 billion South Korean Won as of Q3 2024, an increase compared to the previous value of 634718.4 billion South Korean Won. Historically, the average for South Korea from Q1 1960 to Q3 2024 is 159968.22 billion South Korean Won. The minimum of 49.06 billion South Korean Won was recorded in Q1 1960, while the maximum of 641917.7 billion South Korean Won was reached in Q3 2024.
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* indicates monthly or quarterly data series
- Measure: billion South Korean Won
- Source: Korean Statistical Information Service
| Recent values | South Korea: GDP, billion currency units |
|---|---|
| 2024 Q3 | 641917.7 |
| 2024 Q2 | 634718.4 |
| 2024 Q1 | 606213.9 |
| 2023 Q4 | 632769.8 |
| 2023 Q3 | 611097.6 |
| 2023 Q2 | 592222.8 |
| 2023 Q1 | 565099.2 |
| 2022 Q4 | 599728.8 |
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Definition: The Gross Domestic Product (GDP) is the sum of the 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. The data are in billion local currency units using current prices.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Economic growth | 1.36 | 2023 | percent |
| GDP, constant dollars | 1,764.5 | 2023 | billion U.S. dollars |
| GDP, current U.S. dollars | 1,712.79 | 2023 | billion U.S. dollars |
| GDP per capita, current dollars | 33,121.37 | 2023 | U.S. dollars |
| GDP per capita, PPP | 50,572 | 2023 | U.S. dollars |
| GDP per capita, constant dollars | 34,121.02 | 2023 | U.S. dollars |
| Productivity, relative to the U.S. | 54.75 | 2022 | index points |
| Productivity, current USD | 53.3 | 2023 | USD per hour worked |
| Economic growth, quarterly | 1.50 | Q3/2024 | percent |
| Economic growth Q-on-Q | 0.10 | Q3/2024 | percent |
| Gross Domestic Product (GDP) | 641,917.70 | Q3/2024 | billion |