The economy was worth ₩2.24 quadrillion (US$1.72 trillion). It has the 4th largest economy in Asia and the 14th largest in the world as of 2024. History · Post-COVID economy · Economic inequality

The country's GDP more than tripled from USD 504.6 billion in 2001 to USD 1,646.3 billion in 2019, the 12th largest total in the world. In fact, during the ...

The Gross Domestic Product (GDP) in South Korea was worth 1712.79 billion US dollars in 2023, according to official data from the World Bank.

GDP growth in Korea has recovered, supported by strong exports. Employment remains stable at a high level, while unemployment is low.

South Korea's economic freedom score is 73.1, making its economy the 14th freest in the 2024 Index of Economic Freedom. Its rating has decreased slightly ...

Korea is one of the few countries that has successfully transformed itself from a low-income to a high-income economy and a global leader in innovation and ...

Overview In 2022, South Korea was the number 13 economy in the world in terms of GDP (current US$), the number 5 in total exports, the number 10 in total ...

The Korean economy is projected to grow by 2.0% in 2025, decelerating from 2024 (2.2%), as the slowdown in domestic demand moderates while export growth ...

South Korea has historically exhibited solid economic growth rates, averaging +4.9% in the 2000s and +3.3% in the 2010s. The Covid-19 pandemic and the country's ...

The Korean economy has been able to show a sustained recovery, mainly driven by robust performances in the export and manufacturing sectors.