The Gross Domestic Product (GDP) in South Korea was worth 1712.79 billion US dollars in 2023, according to official data from the World Bank. The GDP value of South Korea represents 1.62 percent of the world economy. source: World Bank
GDP in South Korea averaged 558.23 USD Billion from 1960 until 2023, reaching an all time high of 1818.43 USD Billion in 2021 and a record low of 2.42 USD Billion in 1961. This page provides - South Korea GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea GDP - values, historical data and charts - was last updated on May of 2025.
GDP in South Korea is expected to reach 1742.00 USD Billion by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea GDP is projected to trend around 1782.00 USD Billion in 2026 and 1830.00 USD Billion in 2027, according to our econometric models.