Price level ratio of PPP conversion factor (GDP) to market exchange in South Korea
South Korea: Price level ratio of PPP conversion factor (GDP) to market exchange was 0.5936 in 2024. ▼ Falling
Price level ratio of PPP conversion factor (GDP) to market exchange in South Korea, 1990–2024
Source: UNESCO Institute for Statistics.
Analysis
In 2024, price level ratio of ppp conversion factor (gdp) to market exchange in South Korea stood at 0.5936.
Compared with earlier readings it is down 4.4% on the previous year and down 28.3% over ten years.
Over the whole period, price level ratio of ppp conversion factor (gdp) to market exchange in South Korea peaked at 0.934 in 1995 and was at its lowest, 0.5538, in 1998.
That places South Korea 66th out of 202 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 35 years of available data.
Price level ratio of PPP conversion factor (GDP) to market exchange in South Korea, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 0.7952 | — |
| 1991 | 0.8096 | +1.8% |
| 1992 | 0.8013 | -1.0% |
| 1993 | 0.8088 | +0.9% |
| 1994 | 0.8552 | +5.7% |
| 1995 | 0.934 | +9.2% |
| 1996 | 0.9144 | -2.1% |
| 1997 | 0.7895 | -13.7% |
| 1998 | 0.5538 | -29.9% |
| 1999 | 0.635 | +14.7% |
| 2000 | 0.6607 | +4.1% |
| 2001 | 0.5861 | -11.3% |
| 2002 | 0.6153 | +5.0% |
| 2003 | 0.6637 | +7.9% |
| 2004 | 0.6944 | +4.6% |
| 2005 | 0.7703 | +10.9% |
| 2006 | 0.8083 | +4.9% |
| 2007 | 0.8289 | +2.5% |
| 2008 | 0.713 | -14.0% |
| 2009 | 0.6486 | -9.0% |
| 2010 | 0.7268 | +12.1% |
| 2011 | 0.7711 | +6.1% |
| 2012 | 0.7587 | -1.6% |
| 2013 | 0.7937 | +4.6% |
| 2014 | 0.8281 | +4.3% |
| 2015 | 0.7582 | -8.4% |
| 2016 | 0.7399 | -2.4% |
| 2017 | 0.7715 | +4.3% |
| 2018 | 0.777 | +0.7% |
| 2019 | 0.7273 | -6.4% |
| 2020 | 0.7027 | -3.4% |
| 2021 | 0.7254 | +3.2% |
| 2022 | 0.6273 | -13.5% |
| 2023 | 0.6212 | -1.0% |
| 2024 | 0.5936 | -4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7897 | 0.5538 | 0.934 | 10 |
| 2000s | 0.6989 | 0.5861 | 0.8289 | 10 |
| 2010s | 0.7652 | 0.7268 | 0.8281 | 10 |
| 2020s | 0.654 | 0.5936 | 0.7254 | 5 |
Countries ranked near South Korea
More population data for South Korea
- Population regions with projections, annual growth rate -1.44 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -2.17 % change on previous year (2050)
- Population long run with projections, annual growth rate -1.44 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -1.17 % change on previous year (2100)
- Projected population under age 5, annual growth rate -0.3601 % change on previous year (2100)
- World population growth -1.4% (2100)
- Population density 223.86 people per km² (2100)
- Number of children under 5, by world region 599,530 people (2100)
- Population growth rate, by level of development -1.4% (2100)
- Number of people living in urban and rural areas, annual growth rate -0.0908 % change on previous year (2025)
Frequently asked questions
- What is price level ratio of ppp conversion factor (gdp) to market exchange in South Korea?
- Price level ratio of ppp conversion factor (gdp) to market exchange in South Korea was 0.5936 in 2024, according to UNESCO Institute for Statistics.
- What is the highest price level ratio of ppp conversion factor (gdp) to market exchange recorded in South Korea?
- The highest recorded value was 0.934 in 1995.
- What is the lowest price level ratio of ppp conversion factor (gdp) to market exchange recorded in South Korea?
- The lowest recorded value was 0.5538 in 1998.
- How does South Korea rank for price level ratio of ppp conversion factor (gdp) to market exchange?
- South Korea ranks 66th out of 202 countries with data for 2024.
- Is price level ratio of ppp conversion factor (gdp) to market exchange rising or falling in South Korea?
- Over the last ten years it is down 28.3%. The long-run trend across the full record is falling.
- Where does this South Korea data come from?
- The figures come from UNESCO Institute for Statistics, published as part of Price level ratio of PPP conversion factor (GDP) to market exchange rate. Statizoid updates them automatically from the source API.
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About this data
February 2026 Data Release