South Korea Gross Domestic Product (GDP): Double Hit Scenario
1960 - 2021 | Quarterly | KRW bn | Organisation for Economic Co-operation and Development
South Korea Gross Domestic Product (GDP): Double Hit Scenario data was reported at 1,910,000.000 KRW bn in Dec 2021. This records an increase from the previous number of 1,900,000.000 KRW bn for Sep 2021. South Korea Gross Domestic Product (GDP): Double Hit Scenario data is updated quarterly, averaging 220,000.000 KRW bn from Mar 1960 (Median) to Dec 2021, with 248 observations. The data reached an all-time high of 1,940,000.000 KRW bn in Dec 2019 and a record low of 225.000 KRW bn in Mar 1960. South Korea Gross Domestic Product (GDP): Double Hit Scenario data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Korea – Table KR.OECD.EO: GDP by Expenditure: Forecast: OECD Member: Quarterly. GDP-Gross domestic product, value, market prices Expenditure approach System of national Accounts 2008:https://unstats.un.org/unsd/nationalaccount/docs/sna2008.pdf European system of accounts ESA2010:https://ec.europa.eu/eurostat/documents/3859598/5925693/KS-02-13-269-EN.PDF/44cd9d01-bc64-40e5-bd40-d17df0c69334 Understanding NATIONAL ACCOUNTS:https://www.oecd.org/sdd/UNA-2014.pdf
View South Korea's South Korea Gross Domestic Product (GDP): Double Hit Scenario from Mar 1960 to Dec 2021 in the chart:
What was South Korea's South Korea Gross Domestic Product (GDP): Double Hit Scenario in Dec 2021?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 1,910,000.000 Dec 2021 | 1,900,000.000 Sep 2021 | 225.000 Mar 1960 | 1,940,000.000 Dec 2019 | KRW bn | quarterly | Mar 1960 - Dec 2021 |
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| National Accounts | Last | Frequency | Range |
|---|---|---|---|
| Forecast: GDP PPP Per Capita (PPP Intl $) | 70,250.328 2028 | yearly | 1980 - 2028 |
| Forecast: Nominal GDP Per Capita (USD) | 41,380.693 2028 | yearly | 1980 - 2028 |
| Forecast: Real GDP Growth (%) | 2.340 2027 | yearly | 1980 - 2027 |
| GDP Deflator Growth (%) | 1.4 Mar 2023 | quarterly | Mar 1961 - Mar 2023 |
| GDP per Capita (USD) | 35,569.900 2023 | yearly | 1953 - 2023 |
| Gross Fixed Capital Formation (USD mn) | 144,555.025 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
| Gross National Product (GNP) (USD mn) | 481,993.753 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
| Gross Savings Rate (%) | 34.0 Dec 2022 | quarterly | Mar 1970 - Dec 2022 |
| Investment: % of GDP (%) | 31.1 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
| Nominal GDP (USD mn) | 429,247.3 Mar 2023 | quarterly | Mar 1960 - Mar 2023 |
| Nominal GDP Growth (%) | 4.972 Sep 2024 | quarterly | Mar 1961 - Sep 2024 |
| Private Consumption Expenditure (USD mn) | 229,149.163 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
| Private Consumption: % of GDP (%) | 48.5 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
| Public Consumption Expenditure (USD mn) | 81,267.571 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
| Public Consumption: % of GDP (%) | 16.6 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
| Real GDP Growth (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
| Total Trade of Goods & Services: % of Nominal GDP (%) | 85.433 Sep 2024 | quarterly | Mar 1960 - Sep 2024 |
| Production | Last | Frequency | Range |
|---|---|---|---|
| Gold Production (kg) | 128.000 2022 | yearly | 1990 - 2022 |
| Industrial Production Index Growth (%) | 2.0 Oct 2024 | monthly | Jan 1958 - Oct 2024 |
| Minerals Production (Metric Ton) | 5,520,318.000 2022 | yearly | 2009 - 2022 |
| Motor Vehicle Production (Unit) | 4,243,597.000 2023 | yearly | 1997 - 2023 |
| Silver Production (Metric Ton) | 5.800 2021 | yearly | 1986 - 2021 |
| Construction and Properties | Last | Frequency | Range |
|---|---|---|---|
| Building Permits (Unit) | 11,342.000 Nov 2024 | monthly | Oct 1979 - Nov 2024 |
| House Prices Growth (%) | -0.2 Nov 2024 | monthly | Jan 1987 - Nov 2024 |
| Nominal Residential Property Price Index (2010=100) | 142.242 Jun 2024 | quarterly | Mar 1975 - Jun 2024 |
| Nominal Residential Property Price Index Growth (%) | -0.959 Jun 2024 | quarterly | Mar 1976 - Jun 2024 |
| Real Residential Property Price Index (2010=100) | 107.786 Jun 2024 | quarterly | Mar 1975 - Jun 2024 |
| Real Residential Property Price Index Growth (%) | -3.534 Jun 2024 | quarterly | Mar 1976 - Jun 2024 |
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -2.3 Sep 2024 | quarterly | Jun 2000 - Sep 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 |
| Government Debt: % of GDP (%) | 46.1 Jun 2024 | quarterly | Sep 2002 - Jun 2024 |
| National Government Debt (USD mn) | 873,499.9 Sep 2024 | quarterly | Sep 2002 - Sep 2024 |
| Tax Revenue (USD mn) | 28,112.793 Oct 2024 | monthly | Jan 2000 - Oct 2024 |
| Consolidated Fiscal Balance (USD mn) | 16,459.563 Oct 2024 | monthly | Jul 1999 - Oct 2024 |
| Tax Revenue: % of GDP (%) | 13.5 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Demographic and Labour Market | Last | Frequency | Range |
|---|---|---|---|
| Employed Persons (Person) | 28,597,000.000 Oct 2024 | monthly | Jan 1983 - Oct 2024 |
| Forecast: Employment (Person mn) | 28.727 2024 | yearly | 1980 - 2024 |
| Forecast: Population (Person mn) | 51.305 2028 | yearly | 1980 - 2028 |
| Forecast: Unemployment Rate (%) | 3.000 2029 | yearly | 1980 - 2029 |
| Labour Force Participation Rate (%) | 64.7 Oct 2024 | monthly | Jun 1999 - Oct 2024 |
| Labour Productivity Growth (%) | 0.94 Sep 2024 | quarterly | Sep 1983 - Sep 2024 |
| Monthly Earnings (USD) | 3,232 Sep 2024 | monthly | Jan 2008 - Sep 2024 |
| Population (Person mn) | 51.7 2023 | yearly | 1956 - 2023 |
| Unemployment Rate (%) | 2.70 Oct 2024 | monthly | Jun 1999 - Oct 2024 |
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