Gross domestic product (GDP), Current prices, Fiscal year, Domestic in South Korea
South 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 South Korea, 1980–2031
Source: International Monetary Fund.
Analysis
In 2031, gross domestic product (gdp), current prices, fiscal year, domestic in South 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 South Korea peaked at 3,401.61 trillion in 2031 and was at its lowest, 40.42 trillion, in 1980.
That places South 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 South 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% |
South Korea compared with similar countries
- South 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)
- South 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 South Korea
More public sector data for South Korea
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 222.00 million SIPRI trend indicator values (2025)
- 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)
Frequently asked questions
- What is gross domestic product (gdp), current prices, fiscal year, domestic in South Korea?
- Gross domestic product (gdp), current prices, fiscal year, domestic in South 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 South 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 South Korea?
- The lowest recorded value was 40.42 trillion in 1980.
- How does South Korea rank for gross domestic product (gdp), current prices, fiscal year, domestic?
- South 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 South Korea?
- Over the last ten years it is up 53.1%. The long-run trend across the full record is volatile.
- Where does this South 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.