GDP of South Korea
| Source | World Bank : Nominal (current), Nominal (constant), PPP (current), PPP (constant) |
| IMF World Economic Outlook (October 2024) | |
| Date | 01 Dec 2024 |
According to the IMF World Economic Outlook (October 2024), South Korea's nominal GDP in 2024 is projected to be around $1,870 billion at current prices. Based on PPP, South Korea's GDP in 2024 is forecast at 3,258 billion international dollars.
South Korea has the fourth-largest economy by GDP (nominal) and sixth-largest by GDP (PPP) in Asia, the 12th largest by nominal GDP in the world, and 14th by GDP (PPP).
- Nominal
- PPP
| Year | GDP (billions of $/Int. $) | |
|---|---|---|
| Nominal | PPP | |
| 2023 | 1,839.06 | 3,105.15 |
| 2024 | 1,869.92 | 3,258.37 |
| 2025 | 1,947.13 | 3,389.43 |
| 2026 | 2,029.48 | 3,526.87 |
| 2027 | 2,114.44 | 3,667.73 |
| 2028 | 2,197.40 | 3,813.39 |
| 2029 | 2,278.69 | 3,962.48 |
| Year | GDP Nominal (billions of $) | GDP PPP (billions Int. $) | Share (%) to World | Rank/Total | ||||
|---|---|---|---|---|---|---|---|---|
| Current | Constant (2015) | Current | Constant (2021) | Nominal | PPP | Nominal | PPP | |
| 1960 | 3.96 | 25.70 | - | - | 0.290 | - | 32/104 | - |
| 1961 | 2.42 | 27.49 | - | - | 0.168 | - | 38/106 | - |
| 1962 | 2.81 | 28.56 | - | - | 0.182 | - | 37/108 | - |
| 1963 | 3.99 | 31.13 | - | - | 0.240 | - | 34/108 | - |
| 1964 | 3.46 | 34.08 | - | - | 0.189 | - | 37/108 | - |
| 1965 | 3.12 | 36.58 | - | - | 0.157 | - | 39/116 | - |
| 1966 | 3.93 | 40.96 | - | - | 0.182 | - | 38/117 | - |
| 1967 | 4.86 | 44.68 | - | - | 0.212 | - | 37/120 | - |
| 1968 | 6.12 | 50.57 | - | - | 0.247 | - | 32/121 | - |
| 1969 | 7.68 | 57.93 | - | - | 0.281 | - | 31/121 | - |
| 1970 | 9.01 | 63.75 | - | - | 0.300 | - | 30/141 | - |
| 1971 | 9.90 | 70.48 | - | - | 0.299 | - | 28/142 | - |
| 1972 | 10.86 | 75.56 | - | - | 0.283 | - | 30/142 | - |
| 1973 | 13.88 | 86.82 | - | - | 0.298 | - | 31/142 | - |
| 1974 | 19.54 | 95.08 | - | - | 0.365 | - | 29/142 | - |
| 1975 | 21.78 | 102.53 | - | - | 0.364 | - | 29/145 | - |
| 1976 | 29.90 | 116.09 | - | - | 0.459 | - | 29/145 | - |
| 1977 | 38.45 | 130.41 | - | - | 0.523 | - | 25/148 | - |
| 1978 | 51.97 | 144.69 | - | - | 0.597 | - | 22/147 | - |
| 1979 | 66.95 | 157.24 | - | - | 0.662 | - | 22/148 | - |
| 1980 | 65.40 | 154.65 | - | - | 0.573 | - | 24/155 | - |
| 1981 | 72.93 | 165.86 | - | - | 0.618 | - | 22/156 | - |
| 1982 | 78.36 | 179.69 | - | - | 0.673 | - | 22/158 | - |
| 1983 | 87.76 | 203.72 | - | - | 0.733 | - | 21/159 | - |
| 1984 | 97.51 | 225.22 | - | - | 0.783 | - | 19/161 | - |
| 1985 | 101.30 | 242.87 | - | - | 0.778 | - | 18/163 | - |
| 1986 | 116.84 | 270.38 | - | - | 0.761 | - | 18/163 | - |
| 1987 | 147.95 | 304.78 | - | - | 0.846 | - | 16/169 | - |
| 1988 | 199.59 | 341.32 | - | - | 1.02 | - | 16/172 | - |
| 1989 | 246.93 | 365.46 | - | - | 1.21 | - | 15/173 | - |
| 1990 | 283.37 | 401.56 | 358.19 | 595.17 | 1.24 | 1.21 | 15/188 | 19/186 |
| 1991 | 330.65 | 444.84 | 410.21 | 659.32 | 1.39 | 1.32 | 12/188 | 18/187 |
| 1992 | 355.53 | 472.42 | 445.57 | 700.19 | 1.40 | 1.37 | 13/191 | 18/188 |
| 1993 | 392.67 | 504.91 | 487.50 | 748.34 | 1.51 | 1.44 | 12/195 | 18/188 |
| 1994 | 463.62 | 551.70 | 544.06 | 817.70 | 1.66 | 1.52 | 12/196 | 17/189 |
| 1995 | 566.58 | 604.75 | 608.87 | 896.32 | 1.82 | 1.61 | 11/199 | 16/190 |
| 1996 | 610.17 | 652.47 | 668.94 | 967.05 | 1.92 | 1.67 | 11/199 | 16/190 |
| 1997 | 569.76 | 692.73 | 722.47 | 1,026.72 | 1.79 | 1.71 | 11/199 | 15/192 |
| 1998 | 383.33 | 657.19 | 693.13 | 974.06 | 1.21 | 1.59 | 15/201 | 16/192 |
| 1999 | 497.51 | 732.55 | 783.49 | 1,085.75 | 1.52 | 1.71 | 12/202 | 15/192 |
| 2000 | 576.18 | 798.93 | 871.48 | 1,184.13 | 1.70 | 1.77 | 12/203 | 15/194 |
| 2001 | 547.66 | 837.70 | 934.35 | 1,241.59 | 1.63 | 1.81 | 12/204 | 15/194 |
| 2002 | 627.25 | 902.41 | 1,019.45 | 1,337.50 | 1.80 | 1.88 | 11/208 | 13/195 |
| 2003 | 702.72 | 930.81 | 1,058.22 | 1,379.60 | 1.79 | 1.85 | 11/208 | 13/195 |
| 2004 | 793.18 | 979.19 | 1,143.11 | 1,451.30 | 1.80 | 1.85 | 11/208 | 13/195 |
| 2005 | 934.90 | 1,021.38 | 1,213.62 | 1,513.83 | 1.96 | 1.82 | 10/208 | 13/195 |
| 2006 | 1,053.22 | 1,075.15 | 1,302.23 | 1,593.52 | 2.04 | 1.79 | 11/209 | 14/196 |
| 2007 | 1,172.61 | 1,137.50 | 1,414.99 | 1,685.94 | 2.01 | 1.79 | 13/209 | 14/196 |
| 2008 | 1,047.34 | 1,171.77 | 1,469.00 | 1,736.74 | 1.63 | 1.76 | 15/210 | 14/199 |
| 2009 | 943.94 | 1,181.06 | 1,454.99 | 1,750.50 | 1.55 | 1.73 | 13/210 | 14/200 |
| 2010 | 1,143.67 | 1,261.43 | 1,572.68 | 1,869.62 | 1.72 | 1.75 | 14/210 | 13/200 |
| 2011 | 1,253.29 | 1,307.92 | 1,625.28 | 1,938.53 | 1.69 | 1.70 | 14/213 | 13/201 |
| 2012 | 1,278.05 | 1,339.35 | 1,684.56 | 1,985.10 | 1.69 | 1.67 | 14/211 | 13/199 |
| 2013 | 1,370.63 | 1,381.73 | 1,726.90 | 2,047.93 | 1.76 | 1.63 | 13/211 | 13/200 |
| 2014 | 1,484.49 | 1,425.98 | 1,792.60 | 2,113.51 | 1.86 | 1.63 | 12/212 | 14/199 |
| 2015 | 1,466.04 | 1,466.04 | 1,933.59 | 2,172.88 | 1.95 | 1.72 | 11/210 | 14/199 |
| 2016 | 1,499.68 | 1,509.24 | 2,026.97 | 2,236.91 | 1.96 | 1.73 | 11/210 | 14/198 |
| 2017 | 1,623.07 | 1,556.93 | 2,103.65 | 2,307.59 | 1.99 | 1.70 | 11/210 | 14/199 |
| 2018 | 1,725.37 | 1,602.19 | 2,220.44 | 2,374.68 | 1.99 | 1.69 | 10/210 | 14/199 |
| 2019 | 1,651.42 | 1,638.15 | 2,270.67 | 2,427.97 | 1.88 | 1.63 | 12/210 | 14/199 |
| 2020 | 1,644.31 | 1,626.53 | 2,340.03 | 2,410.74 | 1.92 | 1.68 | 10/209 | 14/198 |
| 2021 | 1,818.43 | 1,696.54 | 2,514.52 | 2,514.52 | 1.86 | 1.62 | 11/208 | 14/198 |
| 2022 | 1,673.92 | 1,740.87 | 2,667.44 | 2,580.22 | 1.65 | 1.55 | 13/202 | 14/194 |
| 2023 | 1,712.79 | 1,764.49 | 2,794.20 | 2,615.22 | 1.62 | 1.51 | 14/186 | 14/184 |