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South Korea's GDP Per Capita Surpasses $36,000, Outpaces Japan

2/2/2025

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Summary

Story summary

South Korea's GDP per capita surpassed $36,000 in 2023, reaching an estimated $36,024 for 2024, a 1.28% increase.
This positions South Korea ahead of Japan ($32,859) and Taiwan ($33,234) based on IMF estimates.
The nominal GDP grew by 5.9% last year, driving this increase.
Continued growth could elevate GDP per capita to $37,441 in 2024.

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Story summary

South Korea's GDP per capita surpassed $36,000 in 2023, reaching an estimated $36,024 for 2024, a 1.28% increase.
This positions South Korea ahead of Japan ($32,859) and Taiwan ($33,234) based on IMF estimates.
The nominal GDP grew by 5.9% last year, driving this increase.
Continued growth could elevate GDP per capita to $37,441 in 2024.