The GDP in South Korea is reported by the World Bank Group, showing the full statistics of the world economy growth. From the analytic chart below, it shows that the Gross Domestic Product (GDP) in South Korea in 2014 was the highest South Korea so far with a record of 1411.33 USD Billion. While its The Gross Domestic Product (GDP) was worth 1377.87 billion US dollars in 2015.
However, according to Wikipedia’s GDP Economy analysis of South Korea, stated that her real gross domestic product expanded by an average of more than 8 percent per year, from US$2.7 billion in 1962 to US$230 billion in 1989, breaking the trillion dollar mark in 2006. Nominal GDP per capita grew from $103.88 in 1962 to $5,438.24 in 1989, reaching the $20,000 milestone in 2006.
The manufacturing sector grew from 14.3 percent of the GNP in 1962 to 30.3 percent in 1987. Commodity trade volume rose from US$480 million in 1962 to a projected US$127.9 billion in 1990. The ratio of domestic savings to GNP grew from 3.3 percent in 1962 to 35.8 percent in 1989.
South Korea GDP Economy Growth Rate Analysis
This whole South Korea GDP is accumulation of the following sectors;
GDP Annual Growth Rate
GDP Constant Prices
GDP From Agriculture
GDP From Construction
GDP From Manufacturing
GDP From Mining
GDP From Public Administration
GDP From Services
GDP From Transport
GDP From Utilities
GDP Growth Rate
GDP Per Capita
GDP Per Capita PPP
Gross Fixed Capital Formation
Gross National Product
Leave a Reply