Population (2018): 51,640,000
Gross National Income, Atlas method (Current USD) (Billions) (2018): $1,580.11
GNI per capita, Atlas method (Current USD) (2018): $30,600
Income Share Held by Lowest 20% (2010): 7.3%
Gross Domestic Product (Current USD) (Billions) (2018): $1,619.42
Source: World Development Indicators database. Country: Republic of Korea. World Bank. Last accessed Jan. 10, 2020.
Gross Domestic Product Per Capita (Current USD) (2010-2018): $29,742.80
Share of Household Income (2010-2018):
Bottom 40%: 20.3%; Top 20%: 39.0%; Bottom 20%: 7.3%
Gini Coefficient (2010-2018): 31.6
Palma Index of Income Inequality (2010-2018): NA
Source: UNICEF (2019). The State of the World’s Children 2019. Children, Food and Nutrition: Growing well in a changing world. UNICEF, New York.
“The Republic of Korea has enjoyed rapid economic growth over recent decades. Its GDP was US$1.1 trillion in 2011, positioning the country as one of the top 15 in terms of economic size worldwide in 2012 (Table 1.2). Nominal GDP per capita was US$22 388 in 2011 while purchasing power parity (PPP) GDP per capita was US$29 786, the result of the country’s relatively low prices for products and services.
“Despite the continued growth of the PPP GDP per capita, the growth of the nominal GDP per capita was interrupted in the years from 1995 to 2000, which can be attributed to the economic crisis of late 1997. One of the direct effects of the economic crisis was the near halving of GDP in US dollars per capita, brought about by the abrupt devaluation of the Korean currency. Though the trend recovered, the per capita GDP in 2000 was below that of the year before the economic crisis set in.”
Source: World Health Organization. Regional Office for the Western Pacific. (2015). Republic of Korea health system review. Manila: WHO Regional Office for the Western Pacific.
Health Systems Facts is a project of the Real Reporting Foundation. We provide reliable statistics and other data from authoritative sources regarding health systems in the US and several other nations.
Page last updated May 5, 2021 by Doug McVay, Editor.