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Republic of Korea - Gross domestic product per capita in current prices

29,938 (US dollars) in 2017

In 2017, GDP per capita for Republic of Korea was 29,938 US dollars. GDP per capita of Republic of Korea increased from 8,085 US dollars in 1998 to 29,938 US dollars in 2017 growing at an average annual rate of 7.61 %.

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What is GDP per capita?

GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.

What is Republic of Korea GDP per capita?

Date Value Change, %
2017 29,938 8.44 %
2016 27,608 1.86 %
2015 27,105 -2.54 %
2014 27,811 7.42 %
2013 25,890 6.29 %
2012 24,359 1.16 %
2011 24,080 9.02 %
2010 22,087 20.75 %
2009 18,292 -10.47 %
2008 20,431 -11.40 %
2007 23,061 10.40 %
2006 20,888