South Korea: Nominal GDP

Name: South Korea: Nominal GDP
Creator: Global Macro Database
License: https://www.globalmacrodata.com/license.html

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

2025: 2,660 trillionlocal currency
Change on 2024: +4.1%year on year
Average growth, 2015–2025: +4.3%a year
In US dollars, 2025: $1.87 trillionUS dollars

Nominal GDP

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Recent values

Millions of local currency

Year	Value
2031	3,567,016,960	Forecast
2030	3,429,927,936	Forecast
2029	3,300,296,960	Forecast
2028	3,168,273,664	Forecast
2027	3,041,213,952	Forecast
2026	2,939,581,696	Forecast
2025	2,662,277,376
2024	2,556,857,344
2023	2,408,687,360
2022	2,323,781,376
2021	2,221,913,088
2020	2,058,466,560
2019	2,040,594,304
2018	2,006,974,464
2017	1,934,233,984
2016	1,833,026,560

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

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South Korea documentation (PDF)

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 →

GMD release 2026_09 · License & terms

Nominal GDP

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