South Korea Gross National Income  Forecast


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Gross National Product in South Korea is expected to be 426000.00 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 390444.65 in 12 months time. In the long-term, the South Korea Gross National Income is projected to trend around 475000.00 KRW Billion in 2020, according to our econometric models.


South Korea GDP Last Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 1.4 0.6 0.7 0.8 1.5 1
GDP Annual Growth Rate 3.6 2.6 2.9 3.1 2.7 3
GDP 1411 1460 1503 1503 1503 1600
GDP Constant Prices 392067 387136 389846 397514 402133 420903
Gross National Product 399159 426000 412000 415000 390445 475000
Gross Fixed Capital Formation 126109 120000 119000 125000 128428 134000
GDP per capita 25459 25911 26007 26102 26197 26913
GDP per capita PPP 34986 35870 35695 35816 35936 38201
GDP From Agriculture 6720 6710 7400 6980 7065 7108
GDP From Construction 17848 18400 18880 19200 17901 21000
GDP From Manufacturing 113517 110000 111740 111540 116379 116900
GDP From Mining 561 600 610 620 608 648
GDP From Public Administration 23243 23100 22400 22500 23680 24900
GDP From Services 206123 206702 209100 209300 210441 224801
GDP From Transport 13092 12960 13120 13200 13281 14000
GDP From Utilities 7834 7609 8010 7774 7988 8886