South Korea's Per Capita National Income Edges Up 0.3% in 2025

Deep News03-10

Data released by the Bank of Korea on Tuesday showed that South Korea's per capita national income increased slightly by 0.3% in 2025, remaining within the $36,000 range. This was due to the depreciation of the Korean won against the US dollar offsetting steady growth in real income.

Preliminary data from the central bank indicated that the nominal per capita Gross National Income (GNI) last year was $36,855, a 0.3% rise compared to the previous year.

When measured in Korean won, the Gross National Income (GNI) for 2025 grew by 4.6% year-on-year, reaching 52.42 million won.

South Korea's per capita national income first surpassed $30,000 in 2014 and continued to climb, approaching $38,000 in 2021. However, it fell to the $35,000 range in 2022 before rebounding to $36,195 in 2023.

Subsequently, the growth rate slowed to 1.5% in 2024 and further decelerated to 0.3% last year, marking the third consecutive year the figure has stayed within the $36,000 range.

In 2025, South Korea's nominal Gross Domestic Product (GDP) increased by 4.2% year-on-year to 2,663.3 trillion won. However, due to the weakening of the Korean won, the nominal GDP in US dollar terms decreased by 0.1% to $1.87 trillion.

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