South Korea's Nominal GDP reached 401.611 USD bn in Sep 2019. Its GDP deflator (implicit price deflator) fell 1.625 % in Sep 2019. Gross Savings Rate of South Korea was measured at 36.467 % in Sep 2019. According to the OECD, the real GDP growth in South Korea reached the peak of 6.5% in 2010 following the all-time low of 0.7% in 2009. International agencies including WB, IMF, UN, EN and OECD argue that the GDP growth remain stable of about 2.7% - 3.1% last few years. South Korea trade to gdp ratio for 2017 was 80.78%, a 3.07% increase from 2016. South Korea trade to gdp ratio for 2016 was 77.71%, a 6% decline from 2015. South Korea trade to gdp ratio for 2015 was 83.71%, a 11.59% decline from 2014. Download Historical Data Save as Image GDP or gross domestic product is the sum of all goods and services produced in a country in a year; it is a strong indicator of economic strength. In 2017, South Korea's GDP was around 1.53 trillion U.S. dollars. See global GDP for a global comparison. South Korea’s economic freedom score is 74.0, making its economy the 25th freest in the 2020 Index. Its overall score has increased by 1.7 points due to higher scores in the rule-of-law pillar. South Korea - Economic Indicators. Asia-Pacific Daily Briefing: Korea's Unemployment Dip Is a Mirage. Sep 11, 2019. Download the full Asia-Pacific Daily Briefing South Korea’s seasonally adjusted unemployment rate unexpectedly dropped to 3.1% in August after holding steady at 4% in the prior months.
The Gross Domestic Product (GDP) in South Korea expanded 2.3 % YoY in Dec 2019, following a growth of 2.0 % in the previous quarter. Real GDP Growth Get the GDP (YoY) results in real time as they're announced and see the immediate global market impact. 19 Jan 2020 South Korea's fourth-quarter GDP growth seen picking up, but full-year pace slowest in a decade: Reuters poll. Joori Roh. 3 Min Read. SEOUL The Bank of Korea projects the economy to grow 2.3% in 2020 and 2.4% in 2021. Meanwhile, FocusEconomics panelists pencil in softer growth of 2.1% in 2020,
South Korea's quarterly GDP growth increased to 1.3 percent in the three months to December 2019, accelerating from 0.4 percent in the previous quarter and
GDP per capita in South Korea is expected to reach 27912.00 USD by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea GDP per capita is projected to trend around 28493.00 USD in 2021 and 29075.00 USD in 2022, according to our econometric models. The statistic shows gross domestic product (GDP) of South Korea from 1984 to 2018, with projections up until 2024. GDP or gross domestic product is the sum of all goods and services produced in a This page has economic forecasts for South Korea including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the South Korea economy. Download historical data for 20 million indicators using your browser. The economy of South Korea is the 4th largest in Asia and the 12th largest in the world. It is a highly developed mixed economy dominated by family-owned conglomerates called chaebols; however, the dominance of the chaebol is unlikely to last and engenders risk of slowing down the transformation of the South Korean economy for the benefit of future generations. The Gross Domestic Product (GDP) in South Korea expanded 2.3 % YoY in Dec 2019, following a growth of 2.0 % in the previous quarter. Real GDP Growth YoY data in South Korea is updated quarterly, available from Mar 1961 to Dec 2019, with an average rate of 7.3 %. The data reached an all-time high of 19.9 % in Dec 1969 and a record low of -7.3 % in Jun 1998. South Korea gnp for was $0.00B, a 100% decline from 2018. South Korea gnp for 2018 was $1,580.11B, a 8.19% increase from 2017. South Korea gnp for 2017 was $1,460.49B, a 2.93% increase from 2016. South Korea gnp for 2016 was $1,418.91B, a 2.07% increase from 2015. Growth Rate: 2.60%. GDP per capita in South Korea is expected to reach 27912.00 USD by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea GDP per capita is projected to trend around 28493.00 USD in 2021 and 29075.00 USD in 2022, according to our econometric models.
22 Jan 2020 Korea`s gross domestic product (GDP) in 2019 grew 2 percent from the previous year, in line with November estimates, according to the Bank 26 Jan 2016 The ailing South Korean economy grew 2.6 percent in 2015, the lowest in three years, largely due to slumping exports and manufacturing, the 21 Jan 2020 South Korea's government spending surge helped the economy post its fastest quarterly growth in more than two years but sagging exports 18 Dec 2019 The country's gross domestic product is forecast to expand 2.4% in 2020, slower than the government's July projection of 2.6% but faster than this 26 Sep 2019 LG Economic Research Institute expects South Korea's growth rate to drop further next year to one-point-eight percent. It also revised down this The country's GDP growth rate dropped to 0.3% in 2009. Although the Republic of Korea managed the global financial crisis relatively well, showing the fastest 10 Apr 2017 For 50 years (1960-2010), South Korea GDP per capita at constant prices (i.e. excluding inflation) at Purchasing Power Parity (PPP) increased