Gross Domestic Product of South Korea fell -0.7% in 2020 compared to last year. This rate is 29 -tenths of one percent less than the previous year, when changed 2.2%.
The GDP figure in 2020 was €1,441,078$1,644,610 million, leaving South Korea placed 10th in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in South Korea dropped €33,936$6,400 million with respect to 2019.
The GDP per capita of South Korea in 2020 was €27,801$31,727, €694$202 less than in 2019, when it was €28,495$31,929. To view the evolution of the GDP per capita, it is interesting to look back a few years and compare these data with those of 2010 when the GDP per capita in South Korea was €17,393$23,083.
If we order the countries according to their GDP per capita, South Korea is well positioned in terms of the standard of living of its population, coming 30th out of the 196 countries whose GDP we publish.
Here we show you the progression of the GDP in South Korea. You can see GDP in other countries in GDP and see all the economic information about South Korea in South Korea's economy.