🇰🇷 South Korea
KR / KOR #107
Nomad Score
68.0
Cities
19
Region
G20,
Sinosphere,
Tech Startup Ecosystems,
Remote Work Friendly Countries,
Coworking Hotspots,
Nomad Visa Countries,
Asia,
Asia,
Eastern Asia,
Next Eleven,
Four Asian Tigers
Currency
KRW
📊 KEY INDICATORS
GDP per capita (PPP) (2031)
$77,528
GDP (2031)
$2.4T
GDP Growth (2031)
1.9%
→
Inflation (2031)
2.0%
→
Unemployment (2031)
2.8%
→
Population (2031)
51.2M
Pop. Growth (2031)
-0.2%
↓
Gini Index (2021)
32.9
Govt Debt (2031)
63.1% of GDP
Current Account (2031)
5.5% of GDP
FDI Inflows (2024)
$12.9B
Life Expectancy (2024)
83.6 yrs
Health Spending (2024)
8.7% of GDP
Internet Users (2024)
97.9%
Mobile Subs (2024)
172.5/100
Trade Openness (2024)
84.6% of GDP
Exchange Rate (2024)
1,363.38/USD
Foreign Reserves (2024)
$418.2B
💰 GDP OVERVIEW
👤 GDP PER CAPITA (PPP)
📉 INFLATION (CPI)
👷 UNEMPLOYMENT
👥 POPULATION
🏛 FISCAL & TRADE
Govt Debt (2031)
63.1% of GDP
Current Account (2031)
5.5% of GDP
FDI Inflows (2024)
$12.9B
⚖️ INCOME INEQUALITY (GINI)
Gini Index (2021)
0.33
Assessment
Moderate inequality
🏢 BUSINESS ENVIRONMENT
New Business Density (2022)
3.09/1k
Tax Revenue (2023)
14.6% of GDP
Services Sector (2024)
57.5% of GDP
🏧 FINANCIAL ACCESS & COSTS
ATMs per 100k (2021)
257.1
Bank Branches per 100k (2023)
12.7
ICT Service Exports (2024)
11.6%
Goods & Services Tax (2023)
4.9%
📋 HISTORICAL DATA
| Year | GDP | GDP/cap PPP | Growth | Inflation | Unemp. | Population | Gini | Debt | Curr. Acct | FDI | Life Exp. | Health | Internet | FX Rate |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2031 * | $2.4T | $77,528 | 1.9% | 2.0% | 2.8% | 51.2M | - | 63.1% | 5.5% | - | - | - | - | - |
| 2030 * | $2.3T | $74,425 | 1.9% | 2.0% | 2.8% | 51.3M | - | 61.7% | 5.5% | - | - | - | - | - |
| 2029 * | $2.2T | $71,521 | 2.0% | 2.0% | 2.8% | 51.4M | - | 60.1% | 5.4% | - | - | - | - | - |
| 2028 * | $2.1T | $68,558 | 2.2% | 2.0% | 2.8% | 51.5M | - | 58.5% | 5.3% | - | - | - | - | - |
| 2027 * | $2.0T | $65,723 | 2.1% | 1.9% | 2.9% | 51.5M | - | 56.6% | 5.4% | - | - | - | - | - |
| 2026 * | $1.9T | $63,028 | 1.9% | 2.5% | 2.8% | 51.6M | - | 54.4% | 5.6% | - | - | - | - | - |
| 2025 | $1.9T | $61,031 | 1.0% | 2.1% | 2.8% | 51.7M | - | 52.3% | 6.6% | - | - | - | - | - |
| 2024 | $1.9T | $61,051 | 2.0% | 2.3% | 2.8% | 51.8M | - | 49.7% | 5.3% | $12.9B | 83.6 | 8.7% | 97.9% | 1,363.38 |
| 2023 | $1.8T | $57,430 | 1.6% | 3.6% | 2.7% | 51.7M | - | 50.5% | 1.8% | $18.6B | 83.4 | 8.6% | 97.4% | 1,305.66 |
| 2022 | $1.8T | $55,509 | 2.7% | 5.1% | 2.9% | 51.7M | - | 49.8% | 1.3% | $25.0B | 82.7 | 8.9% | 97.2% | 1,291.45 |
| 2021 | $1.9T | $51,718 | 4.6% | 2.5% | 3.7% | 51.8M | 32.9 | 48.0% | 4.3% | $22.1B | 83.5 | 8.3% | 97.6% | 1,143.95 |
| 2020 | $1.7T | $47,881 | -0.7% | 0.5% | 4.0% | 51.8M | 32.7 | 45.9% | 4.4% | $8.8B | 83.4 | 8.0% | 96.5% | 1,180.27 |
| 2019 | $1.8T | $46,511 | 2.3% | 0.4% | 3.8% | 51.8M | 33.2 | 39.7% | 3.4% | $9.6B | 83.2 | 7.7% | 96.2% | 1,165.36 |
| 2018 | $1.8T | $45,511 | 3.2% | 1.5% | 3.8% | 51.6M | 33.7 | 37.9% | 4.2% | $12.2B | 82.6 | 7.1% | 96.0% | 1,100.16 |
| 2017 | $1.7T | $43,156 | 3.4% | 1.9% | 3.7% | 51.4M | 34.9 | 38.0% | 4.4% | $17.9B | 82.6 | 6.8% | 95.1% | 1,131.00 |
| 2016 | $1.6T | $41,673 | 3.2% | 1.0% | 3.7% | 51.2M | 35.2 | 39.1% | 6.2% | $12.1B | 82.3 | 6.6% | 92.8% | 1,160.77 |
| 2015 | $1.5T | $39,794 | 2.9% | 0.7% | 3.6% | 51.0M | - | 38.8% | 6.8% | $4.1B | 82.0 | 6.5% | 89.9% | 1,130.95 |
| 2014 | $1.6T | $37,032 | 3.2% | 1.3% | 3.5% | 50.7M | 31.2 | 37.9% | 5.3% | $9.3B | 81.7 | 6.2% | 87.6% | 1,052.84 |
| 2013 | $1.4T | $35,844 | 3.3% | 1.3% | 3.1% | 50.4M | - | 36.0% | 5.4% | $12.8B | 81.3 | 6.1% | 84.8% | 1,094.98 |
| 2012 | $1.3T | $35,062 | 2.5% | 2.2% | 3.2% | 50.2M | 31.6 | 33.5% | 3.7% | $9.5B | 80.8 | 6.0% | 84.1% | 1,126.81 |
| 2011 | $1.3T | $33,944 | 3.7% | 4.0% | 3.4% | 49.9M | - | 31.7% | 1.3% | $9.8B | 80.6 | 5.9% | 83.8% | 1,108.23 |
| 2010 | $1.2T | $33,120 | 7.0% | 2.9% | 3.7% | 49.6M | 32.0 | 28.3% | 2.3% | $9.5B | 80.1 | 5.8% | 83.7% | 1,156.46 |
| 2009 | $982.9B | $30,740 | 0.8% | 2.8% | 3.6% | 49.3M | - | 28.8% | 3.4% | $9.0B | 80.0 | 5.7% | 81.6% | 1,277.25 |
| 2008 | $1.1T | $31,211 | 3.0% | 4.7% | 3.2% | 49.1M | 32.3 | 25.9% | 0.2% | $11.2B | 79.5 | 5.3% | 81.0% | 1,100.13 |
| 2007 | $1.2T | $30,255 | 5.8% | 2.5% | 3.3% | 48.7M | - | 26.3% | 0.9% | $8.8B | 79.1 | 5.0% | 78.8% | 929.38 |
| 2006 | $1.1T | $27,972 | 5.2% | 2.2% | 3.5% | 48.4M | 31.7 | 27.0% | 0.2% | $9.2B | 78.7 | 5.0% | 78.1% | 955.34 |
| 2005 | $971.5B | $26,179 | 4.4% | 2.8% | 3.8% | 48.2M | - | 24.9% | 1.3% | $13.6B | 78.2 | 4.7% | 73.5% | 1,024.33 |
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