Korea, Rep. 2016
Detailed economic analysis and indicators for 2016
Key Economic Indicators (2016)
GDP (Current USD)
$1.50 trillion
↑ 2.29% vs 2015GDP per Capita
$29,280.44
↑ 1.89% vs 2015GDP Growth (Annual %)
2.95%
↑ 0.14pp vs 2015Inflation Rate (CPI %)
0.97%
↑ 0.27pp vs 2015Year-over-Year Comparison
| Indicator | 2015 | 2016 | Change |
|---|---|---|---|
| GDP (Current USD) | $1.47 trillion | $1.50 trillion | +2.29% |
| GDP per Capita | $28,737.44 | $29,280.44 | +1.89% |
| GDP Growth (Annual %) | 2.81% | 2.95% | +0.14pp |
| Inflation (CPI %) | 0.71% | 0.97% | +0.27pp |
| Unemployment Rate (%) | 3.55% | 3.65% | +0.10pp |
All Economic Indicators (2016)
National Accounts
- GDP (Current USD)
- $1.50 trillion
- GDP per Capita
- $29,280.44
- GDP Growth (Annual %)
- 2.95%
- Gross National Income
- $1.51 trillion
Prices & Employment
- Inflation (CPI %)
- 0.97%
- Inflation (GDP Deflator %)
- 1.99%
- Unemployment Rate (%)
- 3.65%
- Interest Rate (Real %)
- 1.35%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 6.53%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2016, Korea, Rep.'s Gross Domestic Product (GDP) is $1.50 trillion. This represents the total value of goods and services produced in the country.
The GDP per capita in Korea, Rep. for 2016 is $29,280.44. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Korea, Rep. for 2016 is 0.97%. This measures the annual percentage change in the cost of consumer goods and services.
Korea, Rep.'s annual GDP growth rate for 2016 is 2.95%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Korea, Rep. for 2016 is 3.65%. This represents the percentage of the labor force that is unemployed and actively seeking employment.