Gross National Product in South Korea decreased to 437974.60 KRW Billion in the first quarter of 2020 from 477883.70 KRW Billion in the fourth quarter of 2019.

Gross National Product in South Korea averaged 162756.80 KRW Billion from 1960 until 2020, reaching an all time high of 477883.70 KRW Billion in the fourth quarter of 2019 and a record low of 7259.71 KRW Billion in the first quarter of 1960. This page provides - South Korea Gross National Income - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea Gross National Income - values, historical data and charts - was last updated on August of 2020. source: The Bank of Korea

Gross National Product in South Korea is expected to be 454626.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Gross National Product in South Korea to stand at 453304.00 in 12 months time. In the long-term, the South Korea Gross National Income is projected to trend around 495174.00 KRW Billion in 2021 and 507553.00 KRW Billion in 2022, according to our econometric models.

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South Korea Gross National Income

Actual Previous Highest Lowest Dates Unit Frequency
437974.60 477883.70 477883.70 7259.71 1960 - 2020 KRW Billion Quarterly
Constant Prices 2015, NSA

South Korea GDP Last Previous Highest Lowest Unit
GDP Growth Rate -3.30 -1.30 7.80 -7.00 percent [+]
GDP Annual Growth Rate -2.90 1.40 20.80 -7.30 percent [+]
GDP 1642.38 1720.58 1720.58 2.42 USD Billion [+]
GDP Constant Prices 447377.90 462805.50 468814.30 6626.29 KRW Billion [+]
Gross National Product 437974.60 477883.70 477883.70 7259.71 KRW Billion [+]
Gross Fixed Capital Formation 136374.60 136891.30 143486.50 359.12 KRW Billion [+]
GDP per capita 28605.70 28091.40 28605.70 932.00 USD [+]
GDP per capita PPP 42661.20 41894.10 42661.20 12669.90 USD [+]
GDP From Agriculture 7608.90 8423.20 8635.10 1627.32 KRW Billion [+]
GDP From Construction 22725.90 22365.00 23837.40 279.27 KRW Billion [+]
GDP From Manufacturing 113041.10 123745.40 125987.10 297.74 KRW Billion [+]
GDP From Mining 429.90 559.30 895.20 178.51 KRW Billion [+]
GDP From Public Administration 27855.70 27463.50 27855.70 1673.48 KRW Billion [+]
GDP From Services 254452.80 255204.60 260084.80 4114.30 KRW Billion [+]
GDP From Transport 12756.00 13684.00 15770.30 113.95 KRW Billion [+]
GDP From Utilities 12463.70 12227.90 12845.80 10.30 KRW Billion [+]