GDP Constant Prices in South Korea increased to 477714.20 KRW Billion in the third quarter of 2021 from 476244.60 KRW Billion in the second quarter of 2021. source: The Bank of Korea

GDP Constant Prices in South Korea averaged 169413.11 KRW Billion from 1960 until 2021, reaching an all time high of 477714.20 KRW Billion in the third quarter of 2021 and a record low of 7059.60 KRW Billion in the first quarter of 1960. This page provides - South Korea GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea GDP Constant Prices - values, historical data and charts - was last updated on October of 2021.

GDP Constant Prices in South Korea is expected to be 478453.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea GDP Constant Prices is projected to trend around 490415.00 KRW Billion in 2022 and 504637.00 KRW Billion in 2023, according to our econometric models.

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South Korea GDP Constant Prices


South Korea Last Unit Reference Previous Highest Lowest
GDP Growth Rate 0.30 percent Sep/21 0.80 7.80 -7.00
GDP Annual Growth Rate 4.00 percent Sep/21 6.00 20.80 -7.30
GDP Constant Prices 477714.20 KRW Billion Sep/21 476244.60 477714.20 7059.60
Gross National Product 471381.30 KRW Billion Jun/21 454947.30 481951.90 7478.10
Gross Fixed Capital Formation 139788.00 KRW Billion Sep/21 142524.10 143459.20 376.00