GDP Constant Prices in South Korea increased to 470846.70 KRW Billion in the first quarter of 2021 from 463395 KRW Billion in the fourth quarter of 2020. source: The Bank of Korea

GDP Constant Prices in South Korea averaged 166860.93 KRW Billion from 1960 until 2021, reaching an all time high of 470846.70 KRW Billion in the first quarter of 2021 and a record low of 7059.60 KRW Billion in the first quarter of 1960. This page provides - South Korea GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Korea GDP Constant Prices - values, historical data and charts - was last updated on May of 2021.

GDP Constant Prices in South Korea is expected to be 462104.00 KRW Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Constant Prices in South Korea to stand at 483089.00 in 12 months time. In the long-term, the South Korea GDP Constant Prices is projected to trend around 489229.00 KRW Billion in 2022 and 503417.00 KRW Billion in 2023, according to our econometric models.

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South Korea GDP Constant Prices

Actual Previous Highest Lowest Dates Unit Frequency
470846.70 463395.00 470846.70 7059.60 1960 - 2021 KRW Billion Quarterly
Constant Prices 2015, SA

South Korea GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.60 1.20 7.80 -7.00 percent [+]
GDP Annual Growth Rate 1.80 -1.20 20.80 -7.30 percent [+]
GDP 1646.74 1724.85 1724.85 2.42 USD Billion [+]
GDP Constant Prices 470846.70 463395.00 470846.70 7059.60 KRW Billion [+]
Gross National Product 481951.90 456035.70 481951.90 7478.10 KRW Billion [+]
Gross Fixed Capital Formation 142219.00 139111.10 144244.50 376.00 KRW Billion [+]
GDP per capita 28605.70 28091.40 28605.70 932.00 USD [+]
GDP per capita PPP 42661.20 41894.10 42661.20 12669.90 USD [+]
GDP From Agriculture 8558.30 8048.50 8669.90 1813.40 KRW Billion [+]
GDP From Construction 22105.30 22091.00 23779.30 342.00 KRW Billion [+]
GDP From Manufacturing 129270.30 125601.20 129270.30 319.10 KRW Billion [+]
GDP From Mining 469.70 510.60 1328.10 286.30 KRW Billion [+]
GDP From Public Administration 28517.40 28166.40 28517.40 1673.48 KRW Billion [+]
GDP From Services 260912.40 258125.40 263615.90 4287.20 KRW Billion [+]
GDP From Transport 13118.30 12924.30 15913.00 123.20 KRW Billion [+]
GDP From Utilities 12661.30 12051.60 12661.30 14.90 KRW Billion [+]