Korea, Rep. 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$1.71 trillion
↑ 2.32% vs 2022GDP per Capita
$33,121.37
↑ 2.24% vs 2022GDP Growth (Annual %)
1.36%
↓ 1.26pp vs 2022Inflation Rate (CPI %)
3.60%
↓ 1.49pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $1.67 trillion | $1.71 trillion | +2.32% |
| GDP per Capita | $32,394.68 | $33,121.37 | +2.24% |
| GDP Growth (Annual %) | 2.61% | 1.36% | -1.26pp |
| Inflation (CPI %) | 5.09% | 3.60% | -1.49pp |
| Unemployment Rate (%) | 2.86% | 2.68% | -0.18pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $1.71 trillion
- GDP per Capita
- $33,121.37
- GDP Growth (Annual %)
- 1.36%
- Gross National Income
- $1.74 trillion
Prices & Employment
- Inflation (CPI %)
- 3.60%
- Inflation (GDP Deflator %)
- 2.06%
- Unemployment Rate (%)
- 2.68%
- Interest Rate (Real %)
- 3.06%
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)
- 1.92%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Korea, Rep.'s Gross Domestic Product (GDP) is $1.71 trillion. This represents the total value of goods and services produced in the country.
The GDP per capita in Korea, Rep. for 2023 is $33,121.37. 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 2023 is 3.60%. This measures the annual percentage change in the cost of consumer goods and services.
Korea, Rep.'s annual GDP growth rate for 2023 is 1.36%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Korea, Rep. for 2023 is 2.68%. This represents the percentage of the labor force that is unemployed and actively seeking employment.