Gross domestic product (GDP), Current prices, Fiscal year, Domestic in Korea
Korea: Gross domestic product (GDP), Current prices, Fiscal year, Domestic was 3,401.61 trillion in 2031. ◆ Volatile
Latest (2031)
3,401.61 trillion
Change on year
up 4.0%
World rank
2nd
of 26 countries
All-time high
3,401.61 trillion
in 2031
All-time low
40.42 trillion
in 1980
Years of data
52
1980–2031
Gross domestic product (GDP), Current prices, Fiscal year, Domestic in Korea, 1980–2031
Source: International Monetary Fund.
Analysis
In 2031, gross domestic product (gdp), current prices, fiscal year, domestic in Korea stood at 3,401.61 trillion. That is the highest value across all 52 years on record.
That represents a change of up 4.0% on the previous year and up 53.1% over ten years.
Over the whole period, gross domestic product (gdp), current prices, fiscal year, domestic in Korea peaked at 3,401.61 trillion in 2031 and was at its lowest, 40.42 trillion, in 1980.
That places Korea 2nd out of 26 countries with data for 2031, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Current prices, Fiscal year, Domestic in Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 40.42 trillion | — |
| 1981 | 50.59 trillion | +25.2% |
| 1982 | 58.43 trillion | +15.5% |
| 1983 | 69.52 trillion | +19.0% |
| 1984 | 80.40 trillion | +15.6% |
| 1985 | 90.28 trillion | +12.3% |
| 1986 | 105.75 trillion | +17.1% |
| 1987 | 125.23 trillion | +18.4% |
| 1988 | 150.30 trillion | +20.0% |
| 1989 | 170.71 trillion | +13.6% |
| 1990 | 206.71 trillion | +21.1% |
| 1991 | 249.97 trillion | +20.9% |
| 1992 | 286.44 trillion | +14.6% |
| 1993 | 325.65 trillion | +13.7% |
| 1994 | 385.00 trillion | +18.2% |
| 1995 | 452.19 trillion | +17.5% |
| 1996 | 507.77 trillion | +12.3% |
| 1997 | 560.50 trillion | +10.4% |
| 1998 | 556.79 trillion | -0.7% |
| 1999 | 613.07 trillion | +10.1% |
| 2000 | 675.73 trillion | +10.2% |
| 2001 | 732.72 trillion | +8.4% |
| 2002 | 813.23 trillion | +11.0% |
| 2003 | 868.11 trillion | +6.7% |
| 2004 | 942.88 trillion | +8.6% |
| 2005 | 995.18 trillion | +5.5% |
| 2006 | 1,045.66 trillion | +5.1% |
| 2007 | 1,134.54 trillion | +8.5% |
| 2008 | 1,202.97 trillion | +6.0% |
| 2009 | 1,255.31 trillion | +4.4% |
| 2010 | 1,379.46 trillion | +9.9% |
| 2011 | 1,448.58 trillion | +5.0% |
| 2012 | 1,504.67 trillion | +3.9% |
| 2013 | 1,570.94 trillion | +4.4% |
| 2014 | 1,638.48 trillion | +4.3% |
| 2015 | 1,740.78 trillion | +6.2% |
| 2016 | 1,833.03 trillion | +5.3% |
| 2017 | 1,934.23 trillion | +5.5% |
| 2018 | 2,006.97 trillion | +3.8% |
| 2019 | 2,040.59 trillion | +1.7% |
| 2020 | 2,058.47 trillion | +0.9% |
| 2021 | 2,221.91 trillion | +7.9% |
| 2022 | 2,323.78 trillion | +4.6% |
| 2023 | 2,408.69 trillion | +3.7% |
| 2024 | 2,556.86 trillion | +6.2% |
| 2025 | 2,663.34 trillion | +4.2% |
| 2026 | 2,788.21 trillion | +4.7% |
| 2027 | 2,900.19 trillion | +4.0% |
| 2028 | 3,021.36 trillion | +4.2% |
| 2029 | 3,147.26 trillion | +4.2% |
| 2030 | 3,270.88 trillion | +3.9% |
| 2031 | 3,401.61 trillion | +4.0% |
Korea compared with similar countries
- Korea's 3,401.61 trillion is above the median for high income countries, which is 2.99 trillion, 1136.4× the median. (13 countries reporting)
- Korea's 3,401.61 trillion is above the median for East Asia & Pacific, which is 4.46 trillion, 762.0× the median. (7 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 94.16 trillion | 40.42 trillion | 170.71 trillion | 10 |
| 1990s | 414.41 trillion | 206.71 trillion | 613.07 trillion | 10 |
| 2000s | 966.63 trillion | 675.73 trillion | 1,255.31 trillion | 10 |
| 2010s | 1,709.77 trillion | 1,379.46 trillion | 2,040.59 trillion | 10 |
| 2020s | 2,609.01 trillion | 2,058.47 trillion | 3,147.26 trillion | 10 |
| 2030s | 3,336.24 trillion | 3,270.88 trillion | 3,401.61 trillion | 2 |
Countries ranked near Korea
More public sector data for Korea
- Arms imports 1.01 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 19.5 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 362.84 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.01 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 919.23 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0254 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -0.4824 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 47.57 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 2,234 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is gross domestic product (gdp), current prices, fiscal year, domestic in Korea?
- Gross domestic product (gdp), current prices, fiscal year, domestic in Korea was 3,401.61 trillion in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, fiscal year, domestic recorded in Korea?
- The highest recorded value was 3,401.61 trillion in 2031.
- What is the lowest gross domestic product (gdp), current prices, fiscal year, domestic recorded in Korea?
- The lowest recorded value was 40.42 trillion in 1980.
- How does Korea rank for gross domestic product (gdp), current prices, fiscal year, domestic?
- Korea ranks 2nd out of 26 countries with data for 2031.
- Is gross domestic product (gdp), current prices, fiscal year, domestic rising or falling in Korea?
- Over the last ten years it is up 53.1%. The long-run trend across the full record is volatile.
- Where does this Korea data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Current prices, Fiscal year, Domestic currency (9/26/2025). Statizoid updates them automatically from the source API.
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About this data
The World Economic Outlook (WEO) database is created during the biannual WEO exercise, which begins in January and June of each year and results in the April and September/October WEO publication. Selected series from the publication are available in a database format.