In 2023, South Korea witnessed an increase in its Nominal GDP, rising to 1,712.79 billion dollars, and an increase in its GDP based on Purchasing Power Parity (PPP), which reached 2,794.20 international billion dollars as per the World Bank's estimates.
Relatedly, in the preceding year of 2022, South Korea has Nominal GDP stood at 1,673.92 billion dollars, while the GDP based on PPP was 2,667.44 international billion dollars.
The net change in South Korea's GDP (Nominal) in 2023 increased by 38.87 billion dollars(2.27%), and GDP (PPP) increased by 126.76 international billion dollars(4.54%).
Source: worldbank Nominal PPP| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 3.96 | - | - | - | - | - |
| 1961 | 2.42 | -1.54 | -63.64 % | - | - | - |
| 1962 | 2.81 | 0.39 | 13.88 % | - | - | - |
| 1963 | 3.99 | 1.18 | 29.57 % | - | - | - |
| 1964 | 3.46 | -0.53 | -15.32 % | - | - | - |
| 1965 | 3.12 | -0.34 | -10.90 % | - | - | - |
| 1966 | 3.93 | 0.81 | 20.61 % | - | - | - |
| 1967 | 4.86 | 0.93 | 19.14 % | - | - | - |
| 1968 | 6.12 | 1.26 | 20.59 % | - | - | - |
| 1969 | 7.68 | 1.56 | 20.31 % | - | - | - |
| 1970 | 9.01 | 1.33 | 14.76 % | - | - | - |
| 1971 | 9.90 | 0.89 | 8.99 % | - | - | - |
| 1972 | 10.86 | 0.96 | 8.84 % | - | - | - |
| 1973 | 13.88 | 3.02 | 21.76 % | - | - | - |
| 1974 | 19.54 | 5.66 | 28.97 % | - | - | - |
| 1975 | 21.78 | 2.24 | 10.28 % | - | - | - |
| 1976 | 29.90 | 8.12 | 27.16 % | - | - | - |
| 1977 | 38.45 | 8.55 | 22.24 % | - | - | - |
| 1978 | 51.97 | 13.52 | 26.02 % | - | - | - |
| 1979 | 66.95 | 14.98 | 22.37 % | - | - | - |
| 1980 | 65.40 | -1.55 | -2.37 % | - | - | - |
| 1981 | 72.93 | 7.53 | 10.32 % | - | - | - |
| 1982 | 78.36 | 5.43 | 6.93 % | - | - | - |
| 1983 | 87.76 | 9.40 | 10.71 % | - | - | - |
| 1984 | 97.51 | 9.75 | 10.00 % | - | - | - |
| 1985 | 101.30 | 3.79 | 3.74 % | - | - | - |
| 1986 | 116.84 | 15.54 | 13.30 % | - | - | - |
| 1987 | 147.95 | 31.11 | 21.03 % | - | - | - |
| 1988 | 199.59 | 51.64 | 25.87 % | - | - | - |
| 1989 | 246.93 | 47.34 | 19.17 % | - | - | - |
| 1990 | 283.37 | 36.44 | 12.86 % | 358.19 | - | - |
| 1991 | 330.65 | 47.28 | 14.30 % | 410.21 | 52.02 | 12.68 % |
| 1992 | 355.53 | 24.88 | 7.00 % | 445.57 | 35.36 | 7.94 % |
| 1993 | 392.67 | 37.14 | 9.46 % | 487.50 | 41.93 | 8.60 % |
| 1994 | 463.62 | 70.95 | 15.30 % | 544.06 | 56.56 | 10.40 % |
| 1995 | 566.58 | 102.96 | 18.17 % | 608.87 | 64.81 | 10.64 % |
| 1996 | 610.17 | 43.59 | 7.14 % | 668.94 | 60.07 | 8.98 % |
| 1997 | 569.76 | -40.41 | -7.09 % | 722.47 | 53.53 | 7.41 % |
| 1998 | 383.33 | -186.43 | -48.63 % | 693.13 | -29.34 | -4.23 % |
| 1999 | 497.51 | 114.18 | 22.95 % | 783.49 | 90.36 | 11.53 % |
| 2000 | 576.18 | 78.67 | 13.65 % | 871.48 | 87.99 | 10.10 % |
| 2001 | 547.66 | -28.52 | -5.21 % | 934.35 | 62.87 | 6.73 % |
| 2002 | 627.25 | 79.59 | 12.69 % | 1,019.45 | 85.10 | 8.35 % |
| 2003 | 702.72 | 75.47 | 10.74 % | 1,058.22 | 38.77 | 3.66 % |
| 2004 | 793.18 | 90.46 | 11.40 % | 1,143.11 | 84.89 | 7.43 % |
| 2005 | 934.90 | 141.72 | 15.16 % | 1,213.62 | 70.51 | 5.81 % |
| 2006 | 1,053.22 | 118.32 | 11.23 % | 1,302.23 | 88.61 | 6.80 % |
| 2007 | 1,172.61 | 119.39 | 10.18 % | 1,414.99 | 112.76 | 7.97 % |
| 2008 | 1,047.34 | -125.27 | -11.96 % | 1,469.00 | 54.01 | 3.68 % |
| 2009 | 943.94 | -103.40 | -10.95 % | 1,454.99 | -14.01 | -0.96 % |
| 2010 | 1,143.67 | 199.73 | 17.46 % | 1,572.68 | 117.69 | 7.48 % |
| 2011 | 1,253.29 | 109.62 | 8.75 % | 1,625.28 | 52.60 | 3.24 % |
| 2012 | 1,278.05 | 24.76 | 1.94 % | 1,684.56 | 59.28 | 3.52 % |
| 2013 | 1,370.63 | 92.58 | 6.75 % | 1,726.90 | 42.34 | 2.45 % |
| 2014 | 1,484.49 | 113.86 | 7.67 % | 1,792.60 | 65.70 | 3.67 % |
| 2015 | 1,466.04 | -18.45 | -1.26 % | 1,933.59 | 140.99 | 7.29 % |
| 2016 | 1,499.68 | 33.64 | 2.24 % | 2,026.97 | 93.38 | 4.61 % |
| 2017 | 1,623.07 | 123.39 | 7.60 % | 2,103.65 | 76.68 | 3.65 % |
| 2018 | 1,725.37 | 102.30 | 5.93 % | 2,220.44 | 116.79 | 5.26 % |
| 2019 | 1,651.42 | -73.95 | -4.48 % | 2,270.67 | 50.23 | 2.21 % |
| 2020 | 1,644.31 | -7.11 | -0.43 % | 2,340.03 | 69.36 | 2.96 % |
| 2021 | 1,818.43 | 174.12 | 9.58 % | 2,514.52 | 174.49 | 6.94 % |
| 2022 | 1,673.92 | -144.51 | -8.63 % | 2,667.44 | 152.92 | 5.73 % |
| 2023 | 1,712.79 | 38.87 | 2.27 % | 2,794.20 | 126.76 | 4.54 % |