Korea, Rep. 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$1.75 trillion
↑ 2.42% vs 2023GDP per Capita
$33,921.55
↑ 2.42% vs 2023GDP Growth (Annual %)
2.42%
↑ 1.06pp vs 2023Inflation Rate (CPI %)
2.32%
↓ 1.28pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $1.71 trillion | $1.75 trillion | +2.42% |
| GDP per Capita | $33,121.37 | $33,921.55 | +2.42% |
| GDP Growth (Annual %) | 1.36% | 2.42% | +1.06pp |
| Inflation (CPI %) | 3.60% | 2.32% | -1.28pp |
| Unemployment Rate (%) | 2.68% | 2.60% | -0.07pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $1.75 trillion
- GDP per Capita
- $33,921.55
- GDP Growth (Annual %)
- 2.42%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 2.32%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 2.60%
- Interest Rate (Real %)
- N/A
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)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, Korea, Rep.'s Gross Domestic Product (GDP) is $1.75 trillion. This represents the total value of goods and services produced in the country.
The GDP per capita in Korea, Rep. for 2024 is $33,921.55. 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 2024 is 2.32%. This measures the annual percentage change in the cost of consumer goods and services.
Korea, Rep.'s annual GDP growth rate for 2024 is 2.42%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Korea, Rep. for 2024 is 2.60%. This represents the percentage of the labor force that is unemployed and actively seeking employment.