South Korea - Nominal Gross Domestic Product





South Korea: Nominal Gross Domestic Product

Mnemonic GDP.IKOR
Unit Bil. KRW, SA
Adjustments Seasonally Adjusted
Quarterly 2.84 %
Data 2020 Q3 485,657
2020 Q2 472,222

Series Information

Source The Bank of Korea
Release GDP
Frequency Quarterly
Start Date 3/31/1960
End Date 9/30/2020

South Korea: GDP

Reference Last Previous Units Frequency
Real Fixed Investment (gross fixed capital formation) 2020 Q4 139,111 135,567 Bil. Ch. 2015 KRW, SA Quarterly
Real Government Consumption 2020 Q4 79,988 80,323 Bil. Ch. 2015 KRW, SA Quarterly
Real Gross Domestic Product 2020 Q4 462,766 457,783 Bil. Ch. 2015 KRW, SA Quarterly
Real Investment 2020 Q4 138,181 135,781 Bil. Ch. 2015 KRW, SA Quarterly
Real Private Consumption 2020 Q4 209,654 213,222 Bil. Ch. 2015 KRW, SA Quarterly
Government Consumption 2020 Q3 87,357 87,560 Bil. KRW, SA Quarterly
Investment 2020 Q3 150,056 155,486 Bil. KRW, SA Quarterly
Nominal Fixed Investment (gross fixed capital formation) 2020 Q3 150,642 148,382 Bil. KRW, SA Quarterly
Nominal Gross Domestic Product 2020 Q3 485,657 472,222 Bil. KRW, SA Quarterly
Private Consumption 2020 Q3 225,534 224,233 Bil. KRW, SA Quarterly

Release Information

Quarterly national accounts for South Korea, including GDP(E) with GFCF and private consumption detail, and GDP(O) with KSIC industry detail. Also annual GDP(I).

  • National accounts framework: UN SNA 2008
  • Industrial classification: KSIC Rev. 10
  • Measurements:
    • Billions of Korean won at chained 2015 prices (Bil. Ch. 2015 KRW)
    • At current prices (Bil. KRW)
    • Associated deflators
  • Adjustments:
    • Original (NSA)
    • Seasonally adjusted (SA)
  • Native frequency: Quarterly
  • Start date: 1960Q1

Source documents:

  • Gross capital formation by type of capital goods: Tables 10.6.1.1, 10.6.1.2, 10.6.1.3, 10.6.1.4
  • Gross capital formation by sectors: Tables 10.6.2.1, 10.6.2.2
  • Gross fixed capital formation by sectors: Tables 10.6.2.3, 10.6.2.4

The tables for detailed GCF and GFCF are published later than those for the main GDP(E) components.

The data are provisional when first released. The “advance” estimates are replaced with “preliminary” estimates which are subject to revision until “final” estimates are announced.