Four World Bank indicators describe Korea, Rep.’s income and living standards. The latest available data show GDP per capita of $36,239 (2024); GNI per capita of $36,750 (2024); household consumption per capita of $17,853 (2025); GDP adjusted for purchasing power (PPP) of $3.16 trillion (2024).
GDP per capita reached $36,239 in 2024, changing by +1.6% over the past year, +4.1% over two years, +7.1% over five years, +18.2% over ten years. By this indicator Korea, Rep. ranks 45th of 214 countries, and 173rd of 213 by five-year growth.
Gross national income (GNI) per capita stands at $36,750 as of 2024, changing by -3.3% over the past year, -4.8% over two years, +2.7% over five years, +24.7% over ten years. By this indicator Korea, Rep. ranks 37th of 207 countries, and 167th of 206 by five-year growth.
Household consumption per capita amounts to $17,853 as of 2025, changing by +1.4% over the past year, +2.5% over two years, +13.3% over five years, +18.8% over ten years. By this indicator Korea, Rep. ranks 36th of 180 countries, and 88th of 171 by five-year growth.
GDP at purchasing power parity (PPP) totals $3.16 trillion in 2024, changing by +6.4% over the past year, +10.2% over two years, +31.2% over five years, +68.1% over ten years. By this indicator Korea, Rep. ranks 14th of 203 countries, and 135th of 203 by five-year growth.
Korea, Rep. Economic Indicators by Year
Data source: World Bank, World Development Indicators — GDP per capita (NY.GDP.PCAP.CD); GNI per capita (NY.GNP.PCAP.CD); Household consumption (NE.CON.PRVT.PC.KD); GDP, PPP (NY.GDP.MKTP.PP.CD).
License: CC BY-4.0. Retrieved 2026-07-11.
About the Indicators
GDP per capita. Gross domestic product divided by midyear population, in current U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes, minus subsidies not included in the value of the products.
GNI per capita. Gross national income divided by midyear population, converted to U.S. dollars with the World Bank Atlas method, which smooths short-term exchange-rate fluctuations. GNI equals GDP plus net receipts of primary income from abroad.
Household consumption per capita. Final consumption expenditure of households and non-profit institutions serving households per person, in constant 2015 U.S. dollars: the market value of all goods and services purchased by households, from food and housing to durable goods.
GDP, PPP. Gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States, which makes economies directly comparable.