South Korea Population

1956 - 2023 | Yearly | Person mn | CEIC Data

Key information about South Korea population

  • The South Korea population reached 51.7 million people in Dec 2023, compared with the previously reported figure of 51.7 million people in Dec 2022
  • The data reached an all-time high of 51.8 million people in Dec 2020 and a record low of 20.7 million people in Dec 1956

Statistics Korea provides annual Mid-year Population.


Further information about South Korea population data

  • In the latest reports, South Korea Unemployment Rate dropped to 2.5 % in Jul 2024
  • Monthly earnings of the South Korea population was 2,801.0 USD in May 2024
  • South Korea Labour Force Participation Rate dropped to 64.9 % in Jul 2024

View South Korea's Population from 1956 to 2023 in the chart:

South Korea Population

What was South Korea's Population in 2023?

The South Korea population reached 51.7 million people in Dec 2023, compared with the previously reported figure of 51.7 million people in Dec 2022 See the table below for more data.

Last Previous Min Max Unit Frequency Range
51.7 2023 51.7 2022 20.7 1956 51.8 2020 Person mn yearly 1956 - 2023

Population by Country Comparison

country/region Last Frequency Range
Albania (Person mn) 2.8 2020 yearly 1989 - 2020
Algeria (Person mn) 43.4 2019 yearly 1950 - 2019
Argentina (Person mn) 46.7 2023 yearly 1950 - 2023
Armenia (Person mn) 3.0 2023 yearly 1989 - 2023
Australia (Person mn) 27.0 2023 yearly 1950 - 2023
Austria (Person mn) 9.2 2023 yearly 1950 - 2023
Azerbaijan (Person mn) 10.2 2023 yearly 1925 - 2023
Bahrain (Person mn) 1.6 2024 yearly 1950 - 2024
Bangladesh (Person mn) 169.3 2021 yearly 1990 - 2021
Belarus (Person mn) 9.2 2023 yearly 1949 - 2023
Belgium (Person mn) 11.8 2023 yearly 1953 - 2023
Bolivia (Person mn) 11.7 2020 yearly 1950 - 2020
Bosnia and Herzegovina (Person mn) 3.4 2022 yearly 1996 - 2022
Botswana (Person mn) 2.4 2020 yearly 1950 - 2020
Brazil (Person mn) 212.6 2024 yearly 1950 - 2024
Brunei (Person mn) 0.5 2023 yearly 1950 - 2023
Bulgaria (Person mn) 6.4 2023 yearly 1880 - 2023
Cambodia (Person mn) 16.6 2021 yearly 1950 - 2021
Canada (Person mn) 41.3 2024 yearly 1950 - 2024
Chile (Person mn) 20.0 2023 yearly 1950 - 2023
China (Person mn) 1,409.7 2023 yearly 1949 - 2023
Colombia (Person mn) 52.2 2023 yearly 1950 - 2023
Croatia (Person mn) 3.9 2021 yearly 1960 - 2021
Cyprus (Person mn) 0.9 2022 yearly 1974 - 2022
Czech Republic (Person mn) 10.9 2023 yearly 1950 - 2023
Denmark (Person mn) 5.8 2020 yearly 1900 - 2020
Ecuador (Person mn) 17.8 2023 yearly 1950 - 2023
Egypt (Person mn) 106.6 2024 yearly 1980 - 2024
Estonia (Person mn) 1.4 2023 yearly 1999 - 2023
European Union (Person mn) 448.8 2022 yearly 1959 - 2022
Finland (Person mn) 5.6 2023 yearly 1749 - 2023
France (Person mn) 68.0 2022 yearly 1949 - 2022
Georgia (Person mn) 3.7 2023 yearly 1950 - 2023
Germany (Person mn) 84.7 2023 yearly 1950 - 2023
Ghana (Person mn) 31.1 2020 yearly 1950 - 2020
Greece (Person mn) 10.4 2022 yearly 1950 - 2022
Hong Kong SAR, China (Person mn) 7.5 2023 yearly 1961 - 2023
Hungary (Person mn) 9.6 2024 yearly 1948 - 2024
Iceland (Person mn) 0.4 2023 yearly 1732 - 2023
India (Person mn) 1,395.0 2024 yearly 1951 - 2024
Indonesia (Person mn) 274.9 2022 yearly 1950 - 2022
Iran (Person mn) 84.0 2021 yearly 1950 - 2021
Ireland (Person mn) 5.4 2024 yearly 1900 - 2024
Israel (Person mn) 9.9 2023 yearly 1949 - 2023
Italy (Person mn) 59.0 2023 yearly 1911 - 2023
Ivory Coast (Person mn) 30.2 2022 yearly 1950 - 2022
Japan (Person mn) 124.3 2023 yearly 1899 - 2023
Jordan (Person mn) 11.5 2023 yearly 1950 - 2023
Kazakhstan (Person mn) 20.0 2023 yearly 1960 - 2023
Kenya (Person mn) 49.4 2021 yearly 1950 - 2021
South Korea (Person mn) 51.7 2023 yearly 1956 - 2023
Kosovo (Person mn) 1.8 2022 yearly 2002 - 2022
Kuwait (Person mn) 4.9 2023 yearly 1990 - 2023
Kyrgyzstan (Person mn) 7.2 2023 yearly 1950 - 2023
Laos (Person mn) 7.4 2022 yearly 1950 - 2022
Latvia (Person mn) 1.9 2023 yearly 1960 - 2023
Lebanon (Person mn) 6.8 2020 yearly 1950 - 2020
Lithuania (Person mn) 2.9 2023 yearly 1960 - 2023
Luxembourg (Person mn) 0.7 2023 yearly 1960 - 2023
Macau SAR, China (Person mn) 0.7 2023 yearly 1950 - 2023
North Macedonia (Person mn) 1.8 2023 yearly 1950 - 2023
Malawi (Person mn) 19.1 2020 yearly 1950 - 2020
Malaysia (Person mn) 34.1 2024 yearly 1947 - 2024
Malta (Person mn) 0.5 2022 yearly 1950 - 2022
Mauritius (Person mn) 1.3 2023 yearly 1950 - 2023
Mexico (Person mn) 130.6 2023 yearly 1950 - 2023
Moldova (Person mn) 2.4 2023 yearly 2013 - 2023
Mongolia (Person mn) 3.5 2023 yearly 1935 - 2023
Montenegro (Person mn) 0.6 2022 yearly 1921 - 2022
Morocco (Person mn) 36.7 2022 yearly 1960 - 2022
Mozambique (Person mn) 31.6 2022 yearly 1950 - 2022
Myanmar (Person mn) 54.4 2020 yearly 1950 - 2020
Nepal (Person mn) 29.7 2024 yearly 1950 - 2024
Netherlands (Person mn) 17.3 2018 yearly 1899 - 2018
New Zealand (Person mn) 5.3 2023 yearly 1950 - 2023
Nigeria (Person mn) 211.5 2021 yearly 1950 - 2021
Norway (Person mn) 5.4 2019 yearly 1845 - 2019
Oman (Person mn) 4.5 2020 yearly 1977 - 2020
Pakistan (Person mn) 241.5 2023 yearly 1950 - 2023
Palestinian Territory (Person mn) 5.9 2026 yearly 1950 - 2026
Panama (Person mn) 4.5 2024 yearly 1950 - 2024
Paraguay (Person mn) 7.6 2023 yearly 1950 - 2023
Peru (Person mn) 32.8 2020 yearly 1950 - 2020
Philippines (Person mn) 109.0 2020 yearly 1950 - 2020
Poland (Person mn) 37.6 2023 yearly 1946 - 2023
Portugal (Person mn) 10.6 2023 yearly 1960 - 2023
Qatar (Person mn) 2.8 2020 yearly 1984 - 2020
Romania (Person mn) 19.1 2023 yearly 1930 - 2023
Russia (Person mn) 146.2 2023 yearly 1949 - 2023
Saudi Arabia (Person mn) 32.2 2022 yearly 1950 - 2022
Serbia (Person mn) 6.6 2023 yearly 1991 - 2023
Singapore (Person mn) 6.0 2024 yearly 1950 - 2024
Slovakia (Person mn) 5.5 2020 yearly 1945 - 2020
Slovenia (Person mn) 2.1 2023 yearly 1920 - 2023
South Africa (Person mn) 60.6 2022 yearly 1960 - 2022
Spain (Person mn) 47.5 2021 yearly 1950 - 2021
Sri Lanka (Person mn) 21.9 2024 yearly 1948 - 2024
Sudan (Person mn) 37.3 2014 yearly 1970 - 2014
Sweden (Person mn) 10.4 2020 yearly 1749 - 2020
Switzerland (Person mn) 9.0 2023 yearly 1950 - 2023

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South Korea Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.3 Jun 2024 quarterly Jun 2000 - Jun 2024
Consolidated Fiscal Balance (USD mn) 1,471.760 Aug 2024 monthly Jul 1999 - Aug 2024
Tax Revenue (USD mn) 17,359.304 Sep 2024 monthly Jan 2000 - Sep 2024
Tax Revenue: % of GDP (%) 13.2 Jun 2024 quarterly Mar 2000 - Jun 2024
National Government Debt (USD mn) 832,443.4 Jun 2024 quarterly Sep 2002 - Jun 2024
Government Debt: % of GDP (%) 46.1 Jun 2024 quarterly Sep 2002 - Jun 2024
Forecast: Government Expenditure (KRW bn) 700,035.486 2029 yearly 1995 - 2029
Forecast: Government Net Debt (KRW bn) 1,793,717.560 2029 yearly 1990 - 2029
Forecast: Government Revenue (KRW bn) 701,179.384 2029 yearly 1995 - 2029
National Debt (ND) (KRW bn) 1,126,800.000 2023 yearly 1997 - 2023
Central Govt Debt: Foreign (KRW bn) 10,362.000 Jun 2024 quarterly Dec 2002 - Jun 2024
Central Govt Debt (KRW bn) 1,145,896.000 Jun 2024 quarterly Sep 2002 - Jun 2024
Central Govt Debt: Domestic (KRW bn) 1,135,534.000 Jun 2024 quarterly Dec 2002 - Jun 2024
Central Govt Debt: Short-Term (KRW bn) 0.000 Jun 2024 quarterly Sep 2002 - Jun 2024
Central Govt Debt: Medium & Long Term (KRW bn) 1,145,700.000 Jun 2024 quarterly Sep 2002 - Jun 2024
Central Govt Debt (KRW bn) 1,167,300.000 Aug 2024 monthly Jan 2014 - Aug 2024
Public Sector Debt (KRW bn) 1,588,700.000 2022 yearly 2011 - 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.037 2029 yearly 1980 - 2029
Trade Balance (USD mn) 3,167.0 Oct 2024 monthly Jan 1966 - Oct 2024
Total Exports (USD mn) 57,517.0 Oct 2024 monthly Jan 1966 - Oct 2024
Total Exports Growth (%) 4.6 Oct 2024 monthly Jan 1967 - Oct 2024
Aluminum: Exports (USD th) 3,728,290.173 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 1,062,354.931 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 6,513,466.420 2022 yearly 1995 - 2022
Total Imports (USD mn) 54,350.0 Oct 2024 monthly Jan 1966 - Oct 2024
Total Imports Growth (%) 1.7 Oct 2024 monthly Jan 1967 - Oct 2024
Imports: Medicament (USD th) 4,532,213.079 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 4,747,831.996 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 10,401.559 Oct 2024 monthly Apr 1964 - Oct 2024
Total Imports from USA (USD mn) 5,971.769 Oct 2024 monthly Apr 1964 - Oct 2024
Total Exports to China (USD mn) 12,176.591 Oct 2024 monthly Jan 1988 - Oct 2024
Total Imports from China (USD mn) 12,515.149 Oct 2024 monthly Jan 1988 - Oct 2024
Trade Balance: First 10 days (USD mn) -2,163.997 Oct 2024 monthly Jan 2016 - Oct 2024
Imports: First 10 days (USD mn) 17,477.115 Oct 2024 monthly Jan 2016 - Oct 2024
Exports: First 10 days (USD mn) 15,313.118 Oct 2024 monthly Jan 2016 - Oct 2024
Imports: Middle East: Qatar (USD th) 1,039,801.000 Sep 2024 monthly Jan 1993 - Sep 2024
Imports: Natural Gas: Quantity (Ton th) 4,552.00 Feb 2018 monthly Nov 1990 - Feb 2018
Motor Vehicle: Exports (Unit) 243,367.000 Oct 2024 monthly Jan 1981 - Oct 2024
Export Value Index (2015=100) 122.334 2021 yearly 1980 - 2021
Import Value Index (2015=100) 140.915 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,469.2 Sep 2024 monthly Jan 1980 - Sep 2024
Current Account Balance (USD mn) 8,186.7 Sep 2024 monthly Jan 1980 - Sep 2024
Current Account Balance: % of GDP (USD mn) 8,186.7 Sep 2024 monthly Jan 1980 - Sep 2024
Foreign Direct Investment (USD mn) 2,558.8 Jun 2023 monthly Jan 1980 - Jun 2023
Foreign Direct Investment: % of GDP (%) 0.6 Jun 2024 quarterly Mar 1980 - Jun 2024
Foreign Portfolio Investment (USD mn) 5,244.800 Sep 2024 quarterly Mar 1980 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) 1.2 Jun 2024 quarterly Mar 1980 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) -4,992.2 Sep 2024 quarterly Mar 1980 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 10,237.000 Sep 2024 quarterly Mar 1980 - Sep 2024
External Debt (USD mn) 658,284.1 Jun 2024 quarterly Dec 1994 - Jun 2024
External Debt: % of GDP (%) 36.6 2023 yearly 1994 - 2023
External Debt: Short Term (USD mn) 141,962.9 Jun 2024 quarterly Dec 1994 - Jun 2024
External Debt: Short Term: % of GDP (%) 7.7 2023 yearly 1994 - 2023
Total Debt: % of GDP (%) 701.8 Jun 2024 quarterly Dec 2008 - Jun 2024
Forecast: Current Account Balance (USD bn) 97.775 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 858,450.400 Jun 2024 quarterly Dec 1994 - Jun 2024
BoP: CA: G&S: Goods: Exports fob (USD mn) 53,778.700 May 2018 monthly Jan 1980 - May 2018
BoP: CA: G&S: Goods: Imports fob (USD mn) 42,392.700 May 2018 monthly Jan 1980 - May 2018
BoP: CA: G&S: Services (SV) (USD mn) -2,093.900 May 2018 monthly Jan 1980 - May 2018
BoP: CA: G&S: SV: Credit (USD mn) 8,183.800 May 2018 monthly Jan 1980 - May 2018
BoP: CA: G&S: SV: Debit (USD mn) 10,277.700 May 2018 monthly Jan 1980 - May 2018
BoP: CA: Secondary Incomes: Credit (USD mn) 873.600 May 2018 monthly Jan 1980 - May 2018
BoP: CA: Secondary Incomes: Debit (USD mn) 1,713.900 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: Direct Investment (DI) (USD mn) 6,056.900 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: DI: Direct Investment Assets (USD mn) 6,294.200 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: Portfolio Investment (PI) (USD mn) 407.400 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: PI: Portfolio Investment Asset (PIA) (USD mn) 3,416.100 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: PI: Portfolio Investment Liabilities (PIL) (USD mn) 3,008.700 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: Financial Derivatives (FD) (USD mn) -484.100 May 2018 monthly Mar 1987 - May 2018
BoP: CF: FA: FD: Assets (USD mn) -4,690.900 May 2018 monthly Mar 1987 - May 2018
BoP: CF: FA: FD: Liabilities (USD mn) -4,206.800 May 2018 monthly Mar 1987 - May 2018
BoP: CF: FA: Other Investment (OI) (USD mn) -2,828.400 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: OI: Other Investment Assets (OIA) (USD mn) 4,833.400 May 2018 monthly Jan 1980 - May 2018
BoP: CF: FA: OI: Other Investment Liabilities (OIL) (USD mn) 7,661.800 May 2018 monthly Jan 1980 - May 2018
BoP: sa: CA: Primary Income: Credit (USD mn) 6,152.700 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: Secondary Income: Credit (USD mn) 851.500 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: G&S: Goods: Imports fob (USD mn) 54,393.200 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: G&S: Services: Debit (USD mn) 13,886.000 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: G&S: Goods (USD mn) 7,840.300 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: G&S: Goods: Exports fob (USD mn) 62,233.500 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: G&S: Services (USD mn) -2,074.100 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: Primary Income (USD mn) 2,885.800 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: Secondary Income: Debit (USD mn) 1,316.800 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: Primary Income: Debit (USD mn) 3,266.900 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: Secondary Income (USD mn) -465.300 Sep 2024 monthly Jan 1980 - Sep 2024
BoP: sa: CA: G&S: Services: Credit (USD mn) 11,811.900 Sep 2024 monthly Jan 1980 - Sep 2024
International Investment Position: Liabilities (USD mn) 1,536,744.900 Jun 2024 quarterly Dec 1994 - Jun 2024
International Investment Position: Assets (USD mn) 2,395,195.300 Jun 2024 quarterly Dec 1994 - Jun 2024
International Investment Position: Net (USD mn) 858,450.400 Jun 2024 quarterly Dec 1994 - Jun 2024
External Debt: Gross: Long Term (LT) (USD mn) 516,321.200 Jun 2024 quarterly Dec 1994 - Jun 2024
Outward Direct Investment: Total Invested (USD mn) 4,400.508 Jun 2024 monthly Jan 1981 - Jun 2024
ODI: Total Invested: Real Estate (USD mn) 725,563.42 Jun 2018 monthly Dec 1980 - Jun 2018
Smalll Business Health Index (SBHI): Economic Outlook (EO) (Index) 72.500 Sep 2024 monthly Jan 2015 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 0.4 Jun 2024 quarterly Jun 2001 - Jun 2024
Household Debt: % of GDP (%) 93.9 Jun 2024 quarterly Dec 2002 - Jun 2024
Non-Performing Loans (USD mn) 7,217.246 Jun 2024 quarterly Jun 2001 - Jun 2024
Money Supply M1 (USD mn) 920,105.090 Aug 2024 monthly Jan 1970 - Aug 2024
Money Supply M2 (USD mn) 3,042,862.350 Aug 2024 monthly Jan 1970 - Aug 2024
M2 Growth (%) 6.2 Aug 2024 monthly Jan 1971 - Aug 2024
Reserve Requirement Ratio (%) 7.0 Oct 2024 monthly Nov 1979 - Oct 2024
Foreign Exchange Reserves (USD mn) 391,672.1 Oct 2024 monthly Dec 1956 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 7.000 Oct 2024 monthly Nov 1979 - Oct 2024
Foreign Exchange Reserves: Months of Import (NA) 7.2 Oct 2024 monthly Jan 1971 - Oct 2024
Gold Reserves (USD mn) 4,794.759 Oct 2024 monthly Dec 1956 - Oct 2024
Total Deposits (USD mn) 1,939,483.982 Aug 2024 monthly Sep 1992 - Aug 2024
Total Deposits Growth (%) 5.1 Aug 2024 monthly Sep 1993 - Aug 2024
Domestic Credit (USD mn) 3,543,745.7 Aug 2024 monthly Dec 2001 - Aug 2024
Domestic Credit Growth (%) 5.7 Aug 2024 monthly Dec 2002 - Aug 2024
Debt Service Ratio: Households (%) 14.100 Dec 2023 quarterly Mar 1999 - Dec 2023
Debt Service Ratio: Private Non-Financial Sector (%) 23.600 Dec 2023 quarterly Mar 1999 - Dec 2023
Credit to Households (USD bn) 1,731.240 Dec 2023 quarterly Dec 1962 - Dec 2023
Credit to Private Non-Financial Sector (USD bn) 3,838.578 Dec 2023 quarterly Dec 1962 - Dec 2023
Household Debt (USD mn) 1,742,901.9 Mar 2023 quarterly Dec 2002 - Mar 2023
Total Loans (USD mn) 1,773,610.554 Aug 2024 monthly Jan 1965 - Aug 2024
Total Loans Growth (%) 6.60 Aug 2024 monthly Jan 1966 - Aug 2024
Private Debt: % of Nominal GDP (%) 162.85 Jun 2024 quarterly Mar 1991 - Jun 2024
Money Supply: New M2: Certificate of Deposit (KRW bn) 24,533.00 Mar 2018 monthly Jun 1984 - Mar 2018
Money Supply: New M1: sa (KRW bn) 1,229,260.400 Aug 2024 monthly Jan 1970 - Aug 2024
Money Supply: New M2: sa (KRW bn) 4,065,264.100 Aug 2024 monthly Jan 1970 - Aug 2024
Deposits: CSB: Households (KRW bn) 614,344.50 Mar 2018 monthly Jan 1975 - Mar 2018
Deposits: CSB: Corporations (KRW bn) 396,621.30 Mar 2018 monthly Jan 1975 - Mar 2018
Loans of CSBs: CH: Corporate (KRW bn) 796,021.70 Mar 2018 monthly Dec 2006 - Mar 2018
Loans of Commercial and Specialized Banks (CSB): Total (KRW bn) 1,525,815.40 Mar 2018 monthly Jan 1965 - Mar 2018
Loans of CSBs: CH: Household (KRW tn) 1,135.700 Sep 2024 monthly Dec 2013 - Sep 2024
Loans of CSBs: CH: Household: Mortgage (KRW tn) 896.800 Sep 2024 monthly Dec 2013 - Sep 2024
Loans of CSBs: Corporate and Household (CH) (KRW tn) 2,451.900 Sep 2024 monthly Dec 2013 - Sep 2024
KR: Non-performing Loans (NPL): Commercial & Specialized Banks (KRW bn) 12,186.500 Dec 2018 quarterly Jun 2001 - Dec 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 2.0 Nov 2024 monthly Feb 2004 - Nov 2024
Busniess Survey Index: Forecast: Manufacturing: sa (NA) 81.000 Jul 2018 monthly Feb 2003 - Jul 2018
Business Survey Index: Forecast: Non-manufacturing: sa (NA) 81.000 Jul 2018 monthly Feb 2003 - Jul 2018
BSI: Forecast: BC: Services (NA) 81.000 Jul 2018 monthly Sep 2009 - Jul 2018
Business Survey Index: Actual: Manufacturing: sa (NA) 79.000 Jun 2018 monthly Jan 2003 - Jun 2018
Business Survey Index: Actual: Non-manufacturing: sa (NA) 79.000 Jun 2018 monthly Jan 2003 - Jun 2018

More Indicators for South Korea

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