The statistic shows gross domestic product (GDP) of South Korea from 1987 to 2023, with projections up until 2029. GDP or gross domestic product is the sum of all goods and services produced in a country in a year; it is a strong indicator of economic strength. In 2023, South Korea's GDP was around 1.71 trillion U.S. dollars. See global GDP for a global comparison.
South Korea is an OECD member and a member of the G20 states. Among the latter, its GDP growth was higher than that of the United States or the European Union in 2013. South Korea is one of the fastest-growing economies worldwide. Its standard of living is also considered to be quite high, the unemployment rate, which is one key factor, has been at around 3 percent, give or take a few percentage points, for the past decade. As a comparison, the United States’ unemployment rate was almost twice, sometimes three times as high as in South Korea during the same period. As for employment, South Korea’s rate is almost the same as that of the United States or France, with more than 60 percent of employed persons in the population.
South Korea: Gross domestic product (GDP) in current prices from 1987 to 2029
(in billion U.S. dollars)
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IMF. (October 10, 2024). South Korea: Gross domestic product (GDP) in current prices from 1987 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved February 19, 2025, from https://www.statista.com/statistics/263579/gross-domestic-product-gdp-in-south-korea/?__sso_cookie_checker=failed
IMF. "South Korea: Gross domestic product (GDP) in current prices from 1987 to 2029 (in billion U.S. dollars)." Chart. October 10, 2024. Statista. Accessed February 19, 2025. https://www.statista.com/statistics/263579/gross-domestic-product-gdp-in-south-korea/?__sso_cookie_checker=failed
IMF. (2024). South Korea: Gross domestic product (GDP) in current prices from 1987 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: February 19, 2025. https://www.statista.com/statistics/263579/gross-domestic-product-gdp-in-south-korea/?__sso_cookie_checker=failed
IMF. "South Korea: Gross Domestic Product (Gdp) in Current Prices from 1987 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Oct 2024, https://www.statista.com/statistics/263579/gross-domestic-product-gdp-in-south-korea/?__sso_cookie_checker=failed
IMF, South Korea: Gross domestic product (GDP) in current prices from 1987 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/263579/gross-domestic-product-gdp-in-south-korea/?__sso_cookie_checker=failed (last visited February 19, 2025)
South Korea: Gross domestic product (GDP) in current prices from 1987 to 2029 (in billion U.S. dollars) [Graph], IMF, October 10, 2024. [Online]. Available: https://www.statista.com/statistics/263579/gross-domestic-product-gdp-in-south-korea/?__sso_cookie_checker=failed