Gross National Product in South Korea increased to 481951.90 KRW Billion in the fourth quarter of 2020 from 456035.70 KRW Billion in the third quarter of 2020. source: The Bank of Korea

Gross National Product in South Korea averaged 168936.08 KRW Billion from 1960 until 2020, reaching an all time high of 481951.90 KRW Billion in the fourth quarter of 2020 and a record low of 7478.10 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 April of 2021.

Gross National Product in South Korea is expected to be 456825.00 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 494483.00 in 12 months time. In the long-term, the South Korea Gross National Income is projected to trend around 508821.00 KRW Billion in 2022 and 523577.00 KRW Billion in 2023, according to our econometric models.

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South Korea Gross National Income

Actual Previous Highest Lowest Dates Unit Frequency
481951.90 456035.70 481951.90 7478.10 1960 - 2020 KRW Billion Quarterly
Constant Prices 2015, NSA

South Korea GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.20 2.10 7.80 -7.00 percent [+]
GDP Annual Growth Rate -1.20 -1.10 20.80 -7.30 percent [+]
GDP 1646.74 1724.85 1724.85 2.42 USD Billion [+]
GDP Constant Prices 463395.00 457783.70 468814.30 7059.60 KRW Billion [+]
Gross National Product 481951.90 456035.70 481951.90 7478.10 KRW Billion [+]
Gross Fixed Capital Formation 139111.10 134853.00 144244.50 376.00 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 8048.50 7760.50 8669.90 1813.40 KRW Billion [+]
GDP From Construction 22091.00 21464.20 23779.30 342.00 KRW Billion [+]
GDP From Manufacturing 125601.20 121752.60 125601.20 319.10 KRW Billion [+]
GDP From Mining 510.60 392.40 1328.10 286.30 KRW Billion [+]
GDP From Public Administration 27855.70 27463.50 27855.70 1673.48 KRW Billion [+]
GDP From Services 258125.40 256838.20 263615.90 4287.20 KRW Billion [+]
GDP From Transport 12924.30 13147.60 15913.00 123.20 KRW Billion [+]
GDP From Utilities 12051.60 11232.80 12136.70 14.90 KRW Billion [+]