November 19, 2019

S. Korea ranks 12th in 2018 GDP ranking

PUBLISHED : July 08, 2019 - 14:24

UPDATED : July 08, 2019 - 14:24

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

South Korea maintained its position at 12th in the global gross domestic product rankings last year, the World Bank said on July 7.

In 2018, Korea posted $1.619 trillion in terms of nominal GDP, little changed from the previous year, data from the World Bank showed.

Korea ranked 14th in the World Bank GDP rankings from 2009-2013 and grew to 13th in 2014 and 11th in 2015-2016 before it fell to 12th in 2017, the data showed.

Last year, the United States topped others with $20.494 trillion in the GDP rankings, followed by China with $13.608 trillion, Japan with $4.971 trillion and Germany with $3.997 trillion, according to the World Bank.

Korea moved up one spot to 30th in per capita gross national income with $30,600. Switzerland ranked first with $83,580, followed by Norway with $80,790 and Isle of Man with $80,340, the data showed.

By Ram Garikipati and newswires (

  • 페이스북
  • 트위터
  • sms
Herald Corporation|CEO : Kwon Chung Won
Publisher. Editor : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Title : The Investor|Date of registration : 2015.04.28
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. Seoul 아04099