Korea - GNI per capita

GNI per capita, Atlas method (current US$)

The latest value for GNI per capita, Atlas method (current US$) in Korea was 32,930.00 as of 2020. Over the past 58 years, the value for this indicator has fluctuated between 33,830.00 in 2019 and 120.00 in 1962.

Definition: GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1962 120.00
1963 120.00
1964 130.00
1965 130.00
1966 140.00
1967 150.00
1968 190.00
1969 240.00
1970 280.00
1971 310.00
1972 340.00
1973 430.00
1974 550.00
1975 660.00
1976 810.00
1977 970.00
1978 1,280.00
1979 1,680.00
1980 1,870.00
1981 2,030.00
1982 2,050.00
1983 2,170.00
1984 2,340.00
1985 2,480.00
1986 2,850.00
1987 3,530.00
1988 4,520.00
1989 5,380.00
1990 6,450.00
1991 7,570.00
1992 8,310.00
1993 9,010.00
1994 10,090.00
1995 11,820.00
1996 13,320.00
1997 13,550.00
1998 10,330.00
1999 10,430.00
2000 11,030.00
2001 11,950.00
2002 12,850.00
2003 13,790.00
2004 16,200.00
2005 18,520.00
2006 20,800.00
2007 23,440.00
2008 23,860.00
2009 22,040.00
2010 22,290.00
2011 23,590.00
2012 25,660.00
2013 26,980.00
2014 28,160.00
2015 28,720.00
2016 29,330.00
2017 30,300.00
2018 32,750.00
2019 33,830.00
2020 32,930.00

GNI per capita (current LCU)

The value for GNI per capita (current LCU) in Korea was 37,580,290 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 37,580,290 in 2020 and a minimum value of 10,080 in 1960.

Definition: GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1960 10,080
1961 11,855
1962 13,957
1963 19,192
1964 26,715
1965 29,372
1966 36,997
1967 44,932
1968 56,413
1969 71,957
1970 88,317
1971 105,353
1972 127,651
1973 162,234
1974 228,679
1975 296,431
1976 401,933
1977 509,585
1978 682,393
1979 861,771
1980 1,032,521
1981 1,265,209
1982 1,443,228
1983 1,688,034
1984 1,917,529
1985 2,112,379
1986 2,445,113
1987 2,888,489
1988 3,446,579
1989 3,894,413
1990 4,673,633
1991 5,594,886
1992 6,335,669
1993 7,122,142
1994 8,323,071
1995 9,655,265
1996 10,744,270
1997 11,731,200
1998 11,456,090
1999 12,547,640
2000 13,769,420
2001 14,824,450
2002 16,409,550
2003 17,423,320
2004 18,860,590
2005 19,730,080
2006 20,699,840
2007 22,325,720
2008 23,535,150
2009 24,407,480
2010 26,730,110
2011 27,986,160
2012 28,987,540
2013 29,950,780
2014 30,947,720
2015 32,602,340
2016 34,112,040
2017 35,886,140
2018 36,945,530
2019 37,498,590
2020 37,580,290

GNI per capita (constant 2010 US$)

The latest value for GNI per capita (constant 2010 US$) in Korea was 31,563 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between 31,907 in 2019 and 1,040 in 1960.

Definition: GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2010 U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1960 1,040
1961 1,084
1962 1,093
1963 1,155
1964 1,235
1965 1,297
1966 1,429
1967 1,539
1968 1,695
1969 1,894
1970 2,022
1971 2,163
1972 2,261
1973 2,548
1974 2,751
1975 2,879
1976 3,221
1977 3,569
1978 3,926
1979 4,180
1980 4,014
1981 4,217
1982 4,521
1983 5,044
1984 5,484
1985 5,804
1986 6,398
1987 7,220
1988 8,047
1989 8,579
1990 9,355
1991 10,261
1992 10,780
1993 11,405
1994 12,321
1995 13,353
1996 14,273
1997 14,982
1998 13,992
1999 15,524
2000 16,873
2001 17,556
2002 18,863
2003 19,361
2004 20,325
2005 21,041
2006 22,127
2007 23,302
2008 23,889
2009 23,912
2010 25,489
2011 26,343
2012 26,944
2013 27,564
2014 28,227
2015 28,822
2016 29,570
2017 30,432
2018 31,179
2019 31,907
2020 31,563

GNI per capita growth (annual %)

The value for GNI per capita growth (annual %) in Korea was -1.08 as of 2020. As the graph below shows, over the past 59 years this indicator reached a maximum value of 12.84 in 1987 and a minimum value of -6.61 in 1998.

Definition: Annual percentage growth rate of GNI per capita based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1961 4.21
1962 0.89
1963 5.69
1964 6.88
1965 5.06
1966 10.15
1967 7.73
1968 10.15
1969 11.73
1970 6.71
1971 7.00
1972 4.53
1973 12.71
1974 7.97
1975 4.63
1976 11.88
1977 10.81
1978 10.02
1979 6.46
1980 -3.96
1981 5.06
1982 7.20
1983 11.56
1984 8.73
1985 5.84
1986 10.23
1987 12.84
1988 11.46
1989 6.61
1990 9.05
1991 9.69
1992 5.06
1993 5.80
1994 8.03
1995 8.38
1996 6.89
1997 4.97
1998 -6.61
1999 10.95
2000 8.69
2001 4.05
2002 7.45
2003 2.64
2004 4.98
2005 3.53
2006 5.16
2007 5.31
2008 2.52
2009 0.10
2010 6.59
2011 3.35
2012 2.28
2013 2.30
2014 2.40
2015 2.11
2016 2.60
2017 2.91
2018 2.45
2019 2.33
2020 -1.08

GNI per capita (constant LCU)

The value for GNI per capita (constant LCU) in Korea was 35,702,790 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 36,091,440 in 2019 and a minimum value of 1,176,179 in 1960.

Definition: GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1960 1,176,179
1961 1,225,683
1962 1,236,533
1963 1,306,842
1964 1,396,789
1965 1,467,416
1966 1,616,306
1967 1,741,179
1968 1,917,868
1969 2,142,876
1970 2,286,637
1971 2,446,639
1972 2,557,460
1973 2,882,584
1974 3,112,315
1975 3,256,290
1976 3,643,278
1977 4,036,957
1978 4,441,334
1979 4,728,264
1980 4,540,956
1981 4,770,589
1982 5,113,911
1983 5,705,267
1984 6,203,365
1985 6,565,722
1986 7,237,408
1987 8,166,475
1988 9,102,578
1989 9,703,875
1990 10,581,620
1991 11,606,530
1992 12,194,210
1993 12,900,940
1994 13,936,620
1995 15,104,020
1996 16,145,080
1997 16,947,270
1998 15,827,070
1999 17,560,000
2000 19,085,990
2001 19,858,660
2002 21,337,430
2003 21,900,750
2004 22,990,390
2005 23,801,040
2006 25,029,640
2007 26,357,960
2008 27,021,790
2009 27,048,030
2010 28,831,530
2011 29,798,120
2012 30,477,980
2013 31,179,430
2014 31,929,240
2015 32,602,340
2016 33,448,820
2017 34,423,830
2018 35,267,970
2019 36,091,440
2020 35,702,790

GNI per capita, PPP (current international $)

The latest value for GNI per capita, PPP (current international $) in Korea was 45,570 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 45,570 in 2020 and 8,350 in 1990.

Definition: GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current international dollars based on the 2011 ICP round.

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 8,350
1991 9,470
1992 10,170
1993 11,020
1994 12,160
1995 13,450
1996 14,640
1997 15,640
1998 14,780
1999 16,620
2000 18,410
2001 19,590
2002 21,320
2003 22,020
2004 23,730
2005 25,010
2006 26,810
2007 28,990
2008 29,950
2009 29,460
2010 31,780
2011 32,750
2012 33,910
2013 34,460
2014 35,500
2015 38,020
2016 39,720
2017 41,120
2018 43,220
2019 43,370
2020 45,570

GNI per capita, PPP (constant 2011 international $)

The latest value for GNI per capita, PPP (constant 2011 international $) in Korea was 42,652 as of 2020. Over the past 30 years, the value for this indicator has fluctuated between 43,117 in 2019 and 12,641 in 1990.

Definition: GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2011 international dollars.

Source: World Bank, International Comparison Program database.

See also:

Year Value
1990 12,641
1991 13,866
1992 14,568
1993 15,412
1994 16,649
1995 18,044
1996 19,288
1997 20,246
1998 18,908
1999 20,978
2000 22,801
2001 23,724
2002 25,491
2003 26,164
2004 27,465
2005 28,434
2006 29,902
2007 31,489
2008 32,282
2009 32,313
2010 34,444
2011 35,598
2012 36,410
2013 37,248
2014 38,144
2015 38,948
2016 39,960
2017 41,124
2018 42,133
2019 43,117
2020 42,652

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts