Gross Domestic Product for Republic of Korea (MKTGDPKRA646NWDB)
2011: 1,110,000,000,000 Current Dollars
Annual, Not Seasonally Adjusted, Updated: 2013-11-20 11:55 AM CST
|Source:|| World Bank
|Release:||Global Financial Development|
GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.