The economy of South Korea is a highly developed mixed economy. [19] [20] [21] By nominal GDP, the economy was worth ₩2.61 quadrillion (US$1.87 trillion).It has the 4th largest economy in Asia and the 12th largest in the world as of 2024. [3] South Korea is notable for its rapid economic development from an underdeveloped nation to a …

The Gross Domestic Product (GDP) in South Korea expanded 0.10 percent in the fourth quarter of 2024 over the previous quarter. GDP Growth Rate in South Korea is expected to be 0.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

South Korea gdp growth rate for 2021 was 4.30%, a 5.01% increase from 2020. South Korea gdp growth rate for 2020 was -0.71%, a 2.95% decline from 2019. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on …

South Korea gdp for 2022 was $1,673.92B, a 7.95% decline from 2021. South Korea gdp for 2021 was $1,818.43B, a 10.59% increase from 2020. South Korea gdp for 2020 was $1,644.31B, a 0.43% decline from 2019.

The statistic shows the growth of the real gross domestic product (GDP) in South Korea from 1954 to 2023, with projections up until 2029. GDP is the total value of all goods and services...

The International Monetary Fund (IMF) estimates South Korea's per capita gross domestic product (GDP) will reach $36,132 this year, an increase of 1.6% from $35,563 in 2023, according to its World Economic Outlook report released earlier this week.

South Korea economic growth for 2018 was $2,080.78B, a 1.32% increase from 2018. South Korea economic growth for 2018 was $2,053.68B, a 1.4% increase from 2017. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.

The Gross Domestic Product (GDP) in South Korea expanded 1.20 percent in the fourth quarter of 2024 over the same quarter of the previous year. This page provides - South Korea GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and …

World Bank national accounts data, and OECD National Accounts data files.

May 28, 2024 · The uptick in domestic demand was partially attributed to the release of a new smartphone from Samsung Electronics and an increase in government spending. The Korea Development Institute (KDI), a state-run think tank, adjusted its …