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Republic of Korea - Gross domestic product per capita based on purchasing-power-parity in current prices

39,548 (international dollars) in 2017

In 2017, GDP per capita based on PPP for Republic of Korea was 39,548 international dollars. GDP per capita based on PPP of Republic of Korea increased from 13,341 international dollars in 1998 to 39,548 international dollars in 2017 growing at an average annual rate of 5.92 %.

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What is GDP per capita based on PPP?

GDP per capita (PPP based) is gross domestic product converted to international dollars using purchasing power parity rates and divided by total population. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States. A purchasing power parity (PPP) between two countries, A and B, is the ratio of the number of units of country A’s currency needed to purchase in country A the same quantity of a specific good or service as one unit of country B’s currency will purchase in country B. PPPs can be expressed in the currency of either of the countries. In practice, they are usually computed among large numbers of countries and expressed in terms of a single currency, with the U.S. dollar (US$) most commonly used as the base or “numeraire” currency.

What is Republic of Korea GDP per capita based on PPP?

Date Value Change, %
2017 39,548 4.60 %
2016 37,810 3.59 %
2015 36,501 3.34 %
2014 35,320 4.64 %
2013 33,755 4.23 %
2012 32,386 3.71 %
2011 31,229 5.04 %
2010 29,731 7.20 %
2009 27,734 0.95 %
2008 27,471 4.04 %
2007 26,406 7.75 %
2006 24,506