The Gross Domestic Product (GDP) in South Korea was worth 1630.53 billion US dollars in 2020, according to official data from the World Bank. The GDP value of South Korea represents 1.44 percent of the world economy. source: World Bank
GDP in South Korea averaged 500.07 USD Billion from 1960 until 2020, reaching an all time high of 1724.85 USD Billion in 2018 and a record low of 2.42 USD Billion in 1961. This page provides - South Korea GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea GDP - values, historical data and charts - was last updated on October of 2021.
GDP in South Korea is expected to reach 1660.00 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea GDP is projected to trend around 1710.00 USD Billion in 2022 and 1780.00 USD Billion in 2023, according to our econometric models.