Korea, Rep. — GDP
GDP (Nominal) for Korea, Rep., 1960–2025.
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%. Within East Asia & Pacific it ranks 3 of 36 economies; Australia (1.80 trillion) is just below it. Its sharpest one-year move was up 42% in 1963. That is 6% above this series' own ten-year average.
Data highlights
From its 1960 level: doubled by 1970; grown tenfold by 1978. Doubling roughly every 7.3 years at that pace.
World ranking. Climbed: 35th of 111 in 1960 → 32nd of 146 in 1970 → 26th of 163 in 1980 → 15th of 192 in 1990 → 12th of 204 in 2000 → 13th of 212 in 2010 → 9th of 210 in 2020 → 13th of 186 in 2025.
Key figures
Full history — 1960 to 2025
| Year | current US$ | Change |
|---|---|---|
| 2025 | 1,872,374,961,553.15 | -0.2% |
| 2024 | 1,875,388,209,406.8 | +1.7% |
| 2023 | 1,844,800,934,391.54 | +2.5% |
| 2022 | 1,799,363,116,866.52 | -7.4% |
| 2021 | 1,942,313,560,965.9 | +11.4% |
| 2020 | 1,744,070,276,373.34 | -0.4% |
| 2019 | 1,751,045,752,054.63 | -4.0% |
| 2018 | 1,824,251,454,306.83 | +6.7% |
| 2017 | 1,710,196,756,713.17 | +8.3% |
| 2016 | 1,579,150,518,945.44 | +2.6% |
| 2015 | 1,539,212,301,135.55 | -1.1% |
| 2014 | 1,556,252,422,020.44 | +8.5% |
| 2013 | 1,434,669,686,501.84 | +7.4% |
| 2012 | 1,335,343,586,437.67 | +2.2% |
| 2011 | 1,307,103,477,219.1 | +9.6% |
| 2010 | 1,192,830,015,737.68 | +21.3% |
| 2009 | 983,065,242,417.36 | -9.9% |
| 2008 | 1,091,580,692,542.34 | -10.6% |
| 2007 | 1,220,911,904,593.06 | +11.5% |
| 2006 | 1,095,175,538,508.19 | +12.7% |
| 2005 | 971,740,329,983.88 | +18.0% |
| 2004 | 823,251,107,638.81 | +13.0% |
| 2003 | 728,516,494,684.27 | +12.1% |
| 2002 | 650,014,391,470.21 | +14.5% |
| 2001 | 567,564,806,235.44 | -5.0% |
| 2000 | 597,487,173,479.11 | +15.9% |
| 1999 | 515,697,079,289.01 | +29.8% |
| 1998 | 397,297,216,492.19 | -32.6% |
| 1997 | 589,202,526,424.14 | -6.7% |
| 1996 | 631,196,863,758.28 | +7.7% |
| 1995 | 586,286,469,400.67 | +22.4% |
| 1994 | 479,181,794,216.86 | +18.1% |
| 1993 | 405,705,302,846.45 | +10.6% |
| 1992 | 366,921,291,824.72 | +7.6% |
| 1991 | 340,851,946,803.81 | +16.7% |
| 1990 | 292,064,221,388.99 | +14.9% |
| 1989 | 254,236,243,100.44 | +23.7% |
| 1988 | 205,477,530,605.22 | +35.0% |
| 1987 | 152,240,393,645.51 | +26.9% |
| 1986 | 119,965,960,795.24 | +15.6% |
| 1985 | 103,764,281,280.89 | +4.0% |
| 1984 | 99,749,645,088.6 | +11.3% |
| 1983 | 89,621,208,322.34 | +12.1% |
| 1982 | 79,921,300,446.65 | +7.6% |
| 1981 | 74,287,368,087.35 | +11.6% |
| 1980 | 66,547,970,350.62 | -2.3% |
| 1979 | 68,083,884,297.52 | +28.9% |
| 1978 | 52,824,793,388.43 | +35.2% |
| 1977 | 39,064,462,809.92 | +28.6% |
| 1976 | 30,371,074,380.17 | +37.3% |
| 1975 | 22,126,033,057.85 | +11.4% |
| 1974 | 19,860,929,976.7 | +41.2% |
| 1973 | 14,067,523,813.04 | +28.0% |
| 1972 | 10,990,490,569.73 | +9.8% |
| 1971 | 10,005,257,131.33 | +10.1% |
| 1970 | 9,085,001,793.56 | +17.3% |
| 1969 | 7,743,940,188.95 | +25.6% |
| 1968 | 6,167,109,472.43 | +26.0% |
| 1967 | 4,895,076,718 | +23.7% |
| 1966 | 3,957,064,541.39 | +26.0% |
| 1965 | 3,141,131,708.31 | -9.7% |
| 1964 | 3,476,789,681.58 | -13.2% |
| 1963 | 4,007,692,307.69 | +41.8% |
| 1962 | 2,826,923,076.92 | +16.5% |
| 1961 | 2,427,244,760.67 | -38.9% |
| 1960 | 3,973,069,306.93 | — |
Frequently asked questions
What was Korea, Rep.’s GDP in 1961?
2,427,244,760.67 (1961). The full year-by-year table above lists every published year, most recent first.
Are Korea, Rep.’s GDP figures nominal or inflation-adjusted?
They are exactly as the World Bank publishes them — current US$ — with no inflation restatement and no PPP conversion. Years the source does not report are omitted rather than interpolated.
Is Korea, Rep.’s GDP growing or shrinking?
Between 1960 and 2025 the series was growing overall: +47026.7% in total — about 9.9% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.CD. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 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. Earlier years are in the full-history table below.
Related data
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.