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The economy of South Korea is a highly developed mixed economy. [19] [20] [21] By nominal GDP, the economy was worth ₩2.61 quadrillion (US$1.87 trillion).It has the 4th largest economy in Asia and the 12th largest in the world as of 2025. [3]
This is a list of South Korean regions by GDP. All data are sourced from the latest regional statistics published by the South Korean Government, [1] the OECD and the International Monetary Fund (IMF). [2] [3] The South Korean won has been converted to the international dollar using the IMF's Purchasing Power Parity conversion rate.
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
SEOUL (Reuters) -South Korea's economy expanded at the fastest pace in 11 years in 2021 helped by a jump in exports and construction activity, tempering declines in capital investment and a slow ...
1950s - South sustained by crucial US military, economic and political support.. 1960s - Major programme of industrial development.. 1988 - First free parliamentary elections.. 1996 - South Korea ...
IMF – GDP per capita (Nominal) 2014 & 29: 180 IMF – GDP per capita (PPP) 2014 & 30: 181 IMF – Foreign exchange reserves: 2015 & 6 & 98 World Economic Forum – Financial Development Index: 2012 & 15: 62 World Economic Forum – Global Competitiveness Report: 2019 & 13: 141 World Economic Forum – Global Enabling Trade Report: 2014 & 30: 138
South Korea's economy was one of the world's fastest-growing from the early 1960s to the late 1990s, and was still one of the fastest-growing developed countries in the 2000s, along with Hong Kong, Singapore and Taiwan, the other three Asian Tigers. [199] It recorded the fastest rise in average GDP per capita in the world between 1980 and 1990 ...
Under its worst-case scenario, real GDP in those three countries in 2028 could be 1% or more below Fitch's current expectations, if U.S. trade protectionism increases sharply. ... South Korea and ...