Korea, Rep. 2020
Detailed economic analysis and indicators for 2020
Key Economic Indicators (2020)
GDP (Current USD)
$1.64 trillion
↓ 0.43% vs 2019GDP per Capita
$31,721.30
↓ 0.57% vs 2019GDP Growth (Annual %)
-0.71%
↓ 2.95pp vs 2019Inflation Rate (CPI %)
0.54%
↑ 0.15pp vs 2019Year-over-Year Comparison
| Indicator | 2019 | 2020 | Change |
|---|---|---|---|
| GDP (Current USD) | $1.65 trillion | $1.64 trillion | -0.43% |
| GDP per Capita | $31,902.42 | $31,721.30 | -0.57% |
| GDP Growth (Annual %) | 2.24% | -0.71% | -2.95pp |
| Inflation (CPI %) | 0.38% | 0.54% | +0.15pp |
| Unemployment Rate (%) | 3.75% | 3.93% | +0.19pp |
All Economic Indicators (2020)
National Accounts
- GDP (Current USD)
- $1.64 trillion
- GDP per Capita
- $31,721.30
- GDP Growth (Annual %)
- -0.71%
- Gross National Income
- $1.66 trillion
Prices & Employment
- Inflation (CPI %)
- 0.54%
- Inflation (GDP Deflator %)
- 1.56%
- Unemployment Rate (%)
- 3.93%
- Interest Rate (Real %)
- 1.22%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 4.62%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2020, Korea, Rep.'s Gross Domestic Product (GDP) is $1.64 trillion. This represents the total value of goods and services produced in the country.
The GDP per capita in Korea, Rep. for 2020 is $31,721.30. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Korea, Rep. for 2020 is 0.54%. This measures the annual percentage change in the cost of consumer goods and services.
Korea, Rep.'s annual GDP growth rate for 2020 is -0.71%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Korea, Rep. for 2020 is 3.93%. This represents the percentage of the labor force that is unemployed and actively seeking employment.