Korea, Rep. - GDP per capita (current US$) 1960 - 2022
Korea, Rep.'s gdp per capita (current us$) is currently $32,254.62 USD (United States dollar) according to the most recent World Bank data for the country (2022).
Definition
GDP per capita is determined by dividing the gross domestic product by the population at midyear. GDP represents the total value generated by resident producers within the economy, inclusive of product taxes and excluding subsidies not factored into product value. This calculation does not consider deductions for asset depreciation, depletion, or degradation of natural resources. The data is presented in current U.S. dollars.- Korea, Rep.'s gdp per capita (current us$) 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 $33,436.92, a 5.76% increase from 2017.
Measure: Estimated Value
Average, Lowest, and Highest Recorded Values
The average gdp per capita (current us$), 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 in 2021.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$). The world aggregate recorded a 2,581.33% growth in the same period.
Korea, Rep.'s GDP per capita (current US$) - Historical Data
| Year | GDP per capita (current US$) | Average Growth Rate (%) |
|---|---|---|
| 1960 | $158.27 | |
| 1961 | $93.83 | -40.72% |
| 1962 | $106.16 | 13.14% |
| 1963 | $146.30 | 37.81% |
| 1964 | $123.61 | -15.51% |
| 1965 | $108.72 | -12.04% |
| 1966 | $133.48 | 22.77% |
| 1967 | $161.16 | 20.74% |
| 1968 | $198.43 | 23.13% |
| 1969 | $243.43 | 22.68% |
| 1970 | $279.30 | 14.74% |
| 1971 | $301.18 | 7.83% |
| 1972 | $324.20 | 7.64% |
| 1973 | $406.90 | 25.51% |
| 1974 | $563.36 | 38.45% |
| 1975 | $617.46 | 9.60% |
| 1976 | $834.13 | 35.09% |
| 1977 | $1,055.88 | 26.58% |
| 1978 | $1,405.82 | 33.14% |
| 1979 | $1,783.62 | 26.87% |
| 1980 | $1,715.43 | -3.82% |
| 1981 | $1,883.45 | 9.79% |
| 1982 | $1,992.53 | 5.79% |
| 1983 | $2,198.93 | 10.36% |
| 1984 | $2,413.26 | 9.75% |
| 1985 | $2,482.40 | 2.86% |
| 1986 | $2,834.90 | 14.20% |
| 1987 | $3,554.60 | 25.39% |
| 1988 | $4,748.63 | 33.59% |
| 1989 | $5,817.03 | 22.50% |
| 1990 | $6,610.04 | 13.63% |
| 1991 | $7,636.98 | 15.54% |
| 1992 | $8,126.67 | 6.41% |
| 1993 | $8,884.93 | 9.33% |
| 1994 | $10,385.34 | 16.89% |
| 1995 | $12,564.78 | 20.99% |
| 1996 | $13,403.05 | 6.67% |
| 1997 | $12,398.48 | -7.50% |
| 1998 | $8,281.70 | -33.20% |
| 1999 | $10,672.42 | 28.87% |
| 2000 | $12,256.99 | 14.85% |
| 2001 | $11,561.25 | -5.68% |
| 2002 | $13,165.07 | 13.87% |
| 2003 | $14,672.86 | 11.45% |
| 2004 | $16,496.12 | 12.43% |
| 2005 | $19,402.50 | 17.62% |
| 2006 | $21,743.48 | 12.07% |
| 2007 | $24,086.41 | 10.78% |
| 2008 | $21,350.43 | -11.36% |
| 2009 | $19,143.85 | -10.34% |
| 2010 | $23,087.23 | 20.60% |
| 2011 | $25,096.26 | 8.70% |
| 2012 | $25,466.76 | 1.48% |
| 2013 | $27,182.73 | 6.74% |
| 2014 | $29,249.58 | 7.60% |
| 2015 | $28,732.23 | -1.77% |
| 2016 | $29,288.87 | 1.94% |
| 2017 | $31,616.84 | 7.95% |
| 2018 | $33,436.92 | 5.76% |
| 2019 | $31,902.42 | -4.59% |
| 2020 | $31,721.30 | -0.57% |
| 2021 | $34,997.78 | 10.33% |
| 2022 | $32,254.62 | -7.84% |
Expand
Comparison with Countries in the East Asia & Pacific Region.
Among countries in the same World Bank East Asia & Pacific (EAP) region, Korea, Rep. comes in 9th with $32,254.60 gdp per capita (current us$).
- Within the same region, Singapore comes in 1st with $82,807.60, gdp per capita (current us$).
- Australia comes in 2nd with $64,491.40.
- Hong Kong SAR, China comes in 3rd with $48,983.60.
- New Zealand comes in 4th with $48,249.30.
- Brunei Darussalam comes in 5th with $37,152.50.
- New Caledonia comes in 6th with $36,668.40.
- Guam comes in 7th with $35,904.90.
- Japan comes in 8th with $33,815.30.
- Macao SAR, China comes in 10th with $31,617.50.
- French Polynesia comes in 11th with $19,999.10.
- Northern Mariana Islands comes in 12th with $17,302.90.
- American Samoa comes in 13th with $15,743.30.
- China comes in 14th with $12,720.20.
- Palau comes in 15th with $12,083.90.
- Malaysia comes in 16th with $11,971.90.
- Nauru comes in 17th with $11,913.70.
- Thailand comes in 18th with $6,908.80.
- And Marshall Islands comes in 19th with $6,727.80, gdp per capita (current us$).
GDP per capita (current US$), Top 10 Countries in the East Asia & Pacific Region.
Top 10 Countries in the East Asia & Pacific Region.
| # | Country | GDP per capita (current US$) | Year |
|---|---|---|---|
| 1 | Singapore | $82,807.60 | 2022 |
| 2 | Australia | $64,491.40 | 2022 |
| 3 | Hong Kong SAR, China | $48,983.60 | 2022 |
| 4 | New Zealand | $48,249.30 | 2022 |
| 5 | Brunei Darussalam | $37,152.50 | 2022 |
| 6 | New Caledonia | $36,668.40 | 2021 |
| 7 | Guam | $35,904.90 | 2021 |
| 8 | Japan | $33,815.30 | 2022 |
| 9 | Korea, Rep. | $32,254.60 | 2022 |
| 10 | Macao SAR, China | $31,617.50 | 2022 |
Comparison with Countries in the High income Group.
Among countries in the same World Bank High income (HI) group, Korea, Rep. comes in 43rd with $32,254.60 gdp per capita (current us$).
- Within the same income group, France comes in 33rd with $40,963.80, gdp per capita (current us$).
- Virgin Islands (U.S.) comes in 34th with $39,552.20.
- Brunei Darussalam comes in 35th with $37,152.50.
- New Caledonia comes in 36th with $36,668.40.
- Sint Maarten (Dutch part) comes in 37th with $36,220.30.
- Guam comes in 38th with $35,904.90.
- Puerto Rico comes in 39th with $35,208.60.
- Italy comes in 40th with $34,158.00.
- Malta comes in 41st with $33,940.90.
- Japan comes in 42nd with $33,815.30.
- Macao SAR, China comes in 44th with $31,617.50.
- Bahamas, The comes in 45th with $31,458.30.
- Cyprus comes in 46th with $31,283.50.
- Saudi Arabia comes in 47th with $30,436.30.
- Bahrain comes in 48th with $30,152.00.
- Slovenia comes in 49th with $29,457.40.
- Spain comes in 50th with $29,350.20.
- Aruba comes in 51st with $29,342.10.
- Estonia comes in 52nd with $28,332.60.
- And Czechia comes in 53rd with $27,638.40, gdp per capita (current us$).
GDP per capita (current US$), Top 14 Countries in the High income Group.
Top 14 Countries in the High income Group.
| # | Country | GDP per capita (current US$) | Year |
|---|---|---|---|
| 1 | Monaco | $234,317.00 | 2021 |
| 2 | Liechtenstein | $184,083.00 | 2021 |
| 3 | Luxembourg | $126,426.00 | 2022 |
| 4 | Bermuda | $118,846.00 | 2022 |
| 5 | Norway | $106,149.00 | 2022 |
| 6 | Ireland | $104,039.00 | 2022 |
| 7 | Switzerland | $92,101.50 | 2022 |
| 8 | Cayman Islands | $88,475.60 | 2021 |
| 9 | Qatar | $88,046.30 | 2022 |
| 10 | Singapore | $82,807.60 | 2022 |
| 11 | Isle of Man | $79,530.60 | 2020 |
| 12 | United States | $76,398.60 | 2022 |
| 13 | Iceland | $72,903.00 | 2022 |
| 14 | Faroe Islands | $69,010.20 | 2021 |