Korea, Rep. — GDP
GDP (Nominal) for Korea, Rep., 1960–2025.
Latest value · 2025
1.87 trillion
GDP (Nominal) · current US$ · +47026.7% since 1960
GDP for Korea, Rep. was 1.87 trillion in 2025, according to the latest World Bank data. The series covers 66 years, from 1960 to 2025. The highest recorded value was 1.94 trillion in 2021. The lowest was 2.43 billion in 1961 (about 771.4× the low point). Across that span the compound annual growth rate works out to 9.93% per year.
Korea, Rep. ranks 13 of 212 economies on this measure (1 = highest), putting it in the top 6%. The median for East Asia & Pacific is 18.30 billion, so Korea, Rep. sits above it. It peaked in 2021 and has fallen 4% since. Over the last decade (2015–2025) the figure moved up 22%.
Key figures
Latest (2025)
1.87 trillion
First (1960)
3.97 billion
Change
+47026.7%
Highest
1.94 trillion
in 2021
Lowest
2.43 billion
in 1961
Average
624.35 billion
Annual growth (CAGR)
9.93%
Years of data
66
Recent years
| Year | current US$ |
|---|---|
| 2025 | 1,872,374,961,553.15 |
| 2024 | 1,875,388,209,406.8 |
| 2023 | 1,844,800,934,391.54 |
| 2022 | 1,799,363,116,866.52 |
| 2021 | 1,942,313,560,965.9 |
| 2020 | 1,744,070,276,373.34 |
| 2019 | 1,751,045,752,054.63 |
| 2018 | 1,824,251,454,306.83 |
| 2017 | 1,710,196,756,713.17 |
| 2016 | 1,579,150,518,945.44 |
| 2015 | 1,539,212,301,135.55 |
| 2014 | 1,556,252,422,020.44 |
Reading this correctly. Gross domestic product at current market prices, converted to US dollars at official exchange rates. This is the number usually meant by 'GDP'. Figures are in current US$. Comparing this series with a different measure of the same concept (for example a nominal figure against a purchasing-power-parity figure) will give misleading results.
Related data
Source. World Bank Open Data, indicator
NY.GDP.MKTP.CD — GDP (Nominal). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.