South Korea Gross National Income - Forecast

Gross National Product in South Korea is expected to be 418523.00 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 405116.00 in 12 months time. In the long-term, the South Korea Gross National Income is projected to trend around 460760.00 KRW Billion in 2020, according to our econometric models.


Forecast Data Chart
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South Korea GDP Last Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 0.6 0.9 0.9 0.8 1 1
GDP Annual Growth Rate 2.8 3.2 2.6 2.7 2.9 2
GDP 1531 1577 1622 1622 1622 1700
GDP Constant Prices 397959 404215 405892 408704 409500 421782
Gross National Product 406054 436424 404328 417017 417829 455391
Gross Fixed Capital Formation 123423 128600 130390 126755 127002 134189
GDP per capita 26152 26500 26800 26800 26800 27200
GDP per capita PPP 35938 36653 37400 37400 37400 38201
GDP From Agriculture 7287 7299 7692 7484 7498 7616
GDP From Construction 17199 17945 18209 17664 17698 18725
GDP From Manufacturing 114354 115452 116608 117442 117670 120470
GDP From Mining 526 565 571 541 542 589
GDP From Public Administration 23995 24207 24412 24643 24691 25259
GDP From Services 210746 213957 215096 216436 216858 223255
GDP From Transport 13205 13526 13314 13561 13588 14114
GDP From Utilities 7890 7997 7397 8103 8119 8344