In 2022, real GDP per capita (LCU) for Republic of Korea was 38.1 million LCU. Between 1973 and 2022, real GDP per capita (LCU) of Republic of Korea grew substantially from 2.88 million to 38.1 million LCU rising at an increasing annual rate that reached a maximum of 11.72% in 1983 and then decreased to 2.84% in 2022.
The description is composed by our digital data assistant.GDP per capita is gross domestic product divided by midyear population. GDP at purchaser's prices 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.
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