Korea, Rep.'s gdp per capita (current us$) is currently $32,254.62 USD
(United States dollar) according to the most recent World Bank data for the country (2022)
GDP per capita is determined by dividing the gross domestic product by the population at midyear. GDP represents the total value generated by resident producers within the economy, inclusive of product taxes and excluding subsidies not factored into product value. This calculation does not consider deductions for asset depreciation, depletion, or degradation of natural resources. The data is presented in current U.S. dollars.
- Korea, Rep.'s gdp per capita (current us$) for 2022 was $32,254.62, a -7.84% increase from 2021, with a -$2,744 difference.
- In 2021 it was $34,997.78, a 10.33% increase from 2020, with a +$3,276 difference.
- In 2020 it was $31,721.30, a -0.57% increase from 2019.
- In 2019 it was $31,902.42, a -4.59% increase from 2018.
- In 2018 it was $33,436.92, a 5.76% increase from 2017.
Average, Lowest, and Highest Recorded Values
The average gdp per capita (current us$)
, value for Korea, Rep. is currently $11,040.69
(average of years with recorded data) with a lowest recorded value of $93.83
in 1961 and a highest value of $34,997.78
For comparison, the world wide [World Bank] aggregate for 1961 was $471.69 and in 2021 it was $12,282.00. Essentially, in 1961, Korea, Rep. contributed 19.89% to the world wide aggregate. While in 2021 it contributed 284.95% to the aggregate, recording a 1,332.44% increase in amounts contributed within the 60-year period. Nonetheless, the country recorded a 37,198.44% increase in gdp per capita (current us$) within the same period.
Similarly, from 1961 (when the lowest value was recorded) to 2022, Korea, Rep. recorded a 34,274.95%
increase in gdp per capita (current us$). The world aggregate recorded a 2,581.33% growth in the same period.