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The economy of South Korea is a highly developed mixed economy. [19] [20] [21] By nominal GDP, the economy was worth ₩2.61 quadrillion (US$1.87 trillion).It has the 4th largest economy in Asia and the 12th largest in the world as of 2024. [3]
Metropolitan area Country GDP (local currency) GDP (billion US$) Year 1: Greater Tokyo Area Japan: JP¥ 230,077.000 billion 2,094.000 2021 [1] 2: Seoul Capital Area South Korea: KR₩ 1,258,000.000 billion 1,006.400 2023 [2] 3: Keihanshin Japan: JP¥ 73,015.000 billion 664.000 2021 [1] 4: Shanghai China: CN¥ 4,465.000 billion 663.900 2022 [3 ...
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
This is South Korea’s third impeachment case in the last two decades, after all, suggesting that economic markets, foreign investment and currency rates could perhaps make it through a political ...
The first set of data on the left columns of the table includes estimates for the year 2023 made for each economy of the 196 economies (189 U.N. member states and 7 areas of Aruba, Hong Kong, Kosovo, Macau, Palestine, Puerto Rico, and Taiwan) covered by the International Monetary Fund (IMF)'s International Financial Statistics (IFS) database ...
South Korea’s central bank lowered its key policy rate for a second straight month and said the country’s economy will grow at a slower pace than it initially anticipated. Following a policy ...
This is a list of South Korean regions by GDP. All data are sourced from the latest regional statistics published by the South Korean Government, [1] the OECD and the International Monetary Fund (IMF). [2] [3] The South Korean won has been converted to the international dollar using the IMF's Purchasing Power Parity conversion rate.
The countries/regions with the largest foreign reserves are mostly in Asia – China (Mainland – $3,205 billion & Hong Kong – $430.7 billion, April 2023), Japan ($1,253 billion, June 2023), Russia ($599 billion, May 2023), India ($594.8 billion, August 2023), Taiwan ($566.4 billion, July 2023), South Korea ($418.3 billion, August 2023), and ...