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South Korea: Nominal GDP

Millions of local currency · 1911–2025 · 106 observations · forecasts to 2031 · nGDP

2025
2,670 trillionlocal currency
Change on 2024
+4.2%year on year
Average growth, 2015–2025
+4.4%a year
In US dollars, 2025
$1.88 trillionUS dollars

Nominal GDP

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100M10B1T100T10,000T192019401960198020002020South KoreaSouth Korea
ForecastLocal currency

Compare with other countries →Definition of Nominal GDP

Recent values

Millions of local currency

YearValue
20313,396,000,000Forecast
20303,265,000,000Forecast
20293,142,000,000Forecast
20283,016,000,000Forecast
20272,895,000,000Forecast
20262,783,000,000Forecast
20252,670,000,000
20242,563,000,000
20232,401,000,000
20222,324,000,000
20212,222,000,000
20202,058,000,000
20192,041,000,000
20182,007,000,000
20171,934,000,000
20161,833,000,000

Sources

  • Smits, Woltjer & Ma1911–1940
  • Mitchell1911–2010
  • Cha et al.1911–2015
  • IER, Hitotsubashi University1911–2016
  • Fouquin & Hugot (CEPII)1950–2014
  • Penn World Table1953–2019
  • IMF Global Debt Database1953–2024
  • WDI (archive)1960–1997
  • IMF International Financial Statistics1960–2025
  • OECD Economic Outlook1960–2025
  • World Development Indicators1960–2025
  • FAO1970–2023
  • United Nations1970–2024
  • Bordo1971–1997
  • IMF World Economic Outlook1980–2025
  • World Bank Global Economic Monitor1987–2023
  • Asian Development Bank (archive)2000–2024
  • Asian Development Bank2000–2025
  • OECD Economic Outlook (forecast)2025–2027
  • IMF WEO (forecast)2025–2031

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

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