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KR

South Korea

KR · KOR · #107 · 19 cities

Nomad score 65/100 Compare

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
Population growth (2031)
-0.2% ↓
Gini index (2021)
32.9
Government debt (2031)
63.1% of GDP
Current account (2031)
5.5% of GDP
FDI inflows (2025)
$15.8B
Life expectancy (2024)
83.6 yrs
Health spending (2024)
8.7% of GDP
Internet users (2024)
97.9%
Mobile subscriptions (2024)
172.5/100
Trade openness (2025)
86.4% of GDP
Exchange rate (2025)
1,422.44/USD
Foreign reserves (2025)
$436.6B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
63.1% of GDP
Current account (2031)
5.5% of GDP
FDI inflows (2025)
$15.8B

Income inequality (Gini)

Gini index (2021)
0.33
Assessment
Moderate inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2023)
3.51/1k
Tax revenue (2024)
13.3% of GDP
Services sector (2025)
57.2% of GDP

Financial access and costs

ATMs per 100k (2023)
244.5
Bank branches per 100k (2024)
12.4
ICT service exports (2025)
12.5%
Goods and services tax (2024)
4.9%

Historical data

Historical economic 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 $63,125 1.0% 2.1% 2.8% 51.7M - 52.3% 6.6% $15.8B - - - 1,422.44
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% $19.0B 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
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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