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GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.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