Korea, Rep.'s Gross Domestic Product (GDP)

NEW ESTIMATES FOR GROSS DOMESTIC PRODUCT IN PPP INT$ ADJUSTED FOR BASE YEAR AND INFORMAL ECONOMY

The official estimate for Korea's GDP was $2.348 trillion at the end of 2022 in puchasing power partity terms.

World Economics has developed a database presenting GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. World Economics estimates Korea's GDP to be $2.881 trillion - 23% larger than official estimates.

2023 data is based on IMF growth rate estimates applied to World Economics GDP data.

Korea's data is highlighted in the table below, use the filter and sort order options to allow easy comparison with other countries.

Data source: World Economics Research, London




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GDP PPP Estimates: All Countries 2022 Estimate
Billions, Int$		 2023 Estimate
Billions, Int$		 World Economics
Data Quality Rating
(A-E)





China $31,558.79 $33,199.84 C
United States $23,149.01 $23,565.69 A
India $15,875.07 $16,843.45 D
Japan $5,675.45 $5,754.91 A
Russia $5,509.97 $5,592.62 C
Germany $5,010.54 $4,995.51 A
Indonesia $4,810.51 $5,051.04 C
Brazil $4,287.58 $4,377.62 B
Turkey $3,696.18 $3,807.07 B
France $3,532.91 $3,561.17 A
United Kingdom $3,478.51 $3,492.42 A
Mexico $3,375.11 $3,462.86 C
Italy $3,179.64 $3,214.62 A
Korea, Rep. $2,881.11 $2,921.44 A
Spain $2,301.29 $2,358.82 A
Saudi Arabia $2,287.59 $2,294.45 C
Canada $2,105.77 $2,141.57 A
Nigeria $2,023.83 $2,088.59 E
Egypt $2,011.95 $2,086.39 D
Thailand $1,834.57 $1,896.94 D
Poland $1,695.15 $1,715.49 B
Taiwan $1,551.24 $1,583.82 C
Vietnam $1,535.17 $1,624.21 E
Bangladesh $1,494.71 $1,576.92 E
Australia $1,457.17 $1,480.49 A
Argentina $1,448.82 $1,412.60 D
Pakistan $1,424.32 $1,417.20 D
Philippines $1,389.60 $1,475.76 C
Malaysia $1,305.38 $1,364.12 B
South Africa $1,174.47 $1,175.65 B
Netherlands $1,141.21 $1,150.34 A
Colombia $1,081.21 $1,092.02 B
United Arab Emirates $844.86 $874.43 B
Romania $763.34 $781.66 B
Belgium $736.88 $742.03 A
Switzerland $678.85 $684.28 A
Kazakhstan $675.98 $708.43 D
Peru $661.74 $677.62 D
Singapore $661.52 $671.45 A
Sweden $651.75 $648.49 A
Ireland $648.92 $685.26 A
Chile $606.43 $600.36 A
Algeria $589.42 $604.75 B
Austria $546.58 $555.32 A
Ukraine $538.53 $522.38 C
Israel $506.54 $521.23 A
Czech Republic $501.87 $499.36 A
Hong Kong $487.54 $504.61 A
Portugal $446.56 $451.03 A
Ethiopia $445.82 $473.02 E
Norway $424.22 $433.13 A
Greece $422.61 $433.59 B
Hungary $421.84 $423.95 B
Morocco $417.53 $430.06 C
Denmark $405.41 $405.41 A
Angola $393.39 $407.16 E
Kenya $389.56 $410.20 C
Sri Lanka $383.55 $371.66 C
Uzbekistan $362.99 $382.23 D
Myanmar $349.44 $358.53 D
Sudan $326.05 $329.96 E
Qatar $318.82 $326.47 B
Finland $316.01 $316.01 A
Dominican Republic $291.04 $303.26 B
Kuwait $289.84 $292.45 D
Ghana $289.62 $294.25 C
Ecuador $288.96 $297.34 D
Tanzania $264.66 $278.42 D
New Zealand $247.80 $250.53 A
Cote d'Ivoire $245.43 $260.65 D
Belarus $242.01 $243.71 C
Guatemala $236.01 $244.04 C
Bulgaria $221.41 $224.51 B
Panama $210.72 $221.26 D
Azerbaijan $209.50 $215.78 D
Congo, Dem. Rep $207.63 $220.71 E
Oman $203.40 $206.86 B
Slovak Republic $202.59 $205.22 B
Libya $202.41 $237.84 E
Nepal $202.40 $211.30 E
Serbia $196.51 $200.44 B
Bolivia $177.91 $181.11 E
Tunisia $170.51 $172.73 D
Croatia $169.81 $172.69 B
Uganda $160.79 $169.95 D
Cameroon $150.13 $156.59 D
Turkmenistan $147.00 $150.38 C
Costa Rica $144.33 $148.22 A
Paraguay $139.84 $146.13 D
Lithuania $136.40 $135.99 B
Jordan $133.01 $136.60 B
Cambodia $131.94 $139.59 E
Afghanistan $119.87 $118.68 E
Uruguay $111.33 $113.55 B
Slovenia $110.12 $111.88 A
Zambia $109.21 $113.58 D
Bahrain $101.80 $104.85 C
Senegal $96.89 $104.94 C
Honduras $96.09 $99.65 E
Georgia $92.46 $96.16 B
Mali $90.74 $95.28 E
Lebanon $90.22 $92.02 C
El Salvador $86.42 $88.49 D
Laos $84.75 $88.14 E
Luxembourg $82.61 $83.51 A
Latvia $77.00 $77.31 B
Madagascar $75.97 $79.16 E
Burkina Faso $74.08 $77.72 C
Bosnia and Herzegovina $70.73 $72.15 D
Benin $68.13 $72.21 C
Gabon $67.19 $69.20 E
Zimbabwe $65.55 $67.19 E
Mozambique $62.92 $66.06 D
Guinea $62.44 $65.93 E
Estonia $62.33 $61.58 B
Armenia $62.05 $65.47 B
Nicaragua $61.27 $63.11 D
Yemen, Rep. $60.20 $59.90 E
Botswana $57.71 $59.84 C
Papua New Guinea $56.64 $58.74 E
Tajikistan $56.34 $59.16 D
Albania $55.87 $57.16 C
Haiti $52.84 $53.00 E
Mongolia $51.43 $53.74 B
Niger $51.04 $54.16 C
Cyprus $50.41 $51.67 A
Trinidad and Tobago $49.93 $51.52 D
Moldova $48.64 $49.61 B
North Macedonia $46.37 $47.02 B
Rwanda $46.10 $48.96 C
Kyrgyzstan $45.09 $46.67 C
Chad $44.04 $45.58 E
Malawi $42.62 $43.64 C
Jamaica $40.50 $41.40 E
Brunei Darussalam $39.06 $40.35 E
Guyana $38.95 $53.44 E
Mauritania $38.69 $40.39 D
Congo, Rep. $35.10 $36.54 E
Mauritius $34.60 $36.20 B
Namibia $33.97 $34.92 C
Malta $31.60 $32.71 B
Togo $27.86 $29.39 C
Sierra Leone $24.55 $25.31 D
Iceland $24.19 $24.75 A
Bahamas, The $18.76 $19.57 B
Eswatini $17.75 $18.25 D
Burundi $15.96 $16.49 E
Bhutan $13.78 $14.43 E
Suriname $12.64 $12.94 C
Liberia $12.17 $12.69 E
Gambia $9.50 $10.03 D
Central African Republic $8.48 $8.69 E
Lesotho $8.28 $8.46 D
Guinea-Bissau $5.95 $6.21 E
Cabo Verde $5.23 $5.46 C
Comoros $3.71 $3.82 C

See: Data for individual countries by using country lists







Note: Data for years shown use end of of year values.

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Data quality rating definitions:
         A: As good as it gets
         B: Good
         C: Use with caution
         D: Poor
         E: Extremely poor quality


Please read our Terms of Service and Disclaimer relating to this data.



ACCESS DATA FOR MORE COUNTRIES

KOREA'S ECONOMICS
KOREA'S DEMOGRAPHY
KOREA'S ENVIRONMENT, SOCIAL & GOVERNANCE
PUBLIC SOURCE & RELATED DATA

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