Previously, South Korea’s GDP continued to rank 14th from 2009 to 2013, then rose to 13th place in 2014 and 11th position in 2015, 2016, before falling to the 12th position in 2017. .
According to the World Bank, the nominal GDP of the US in 2018 - the largest economy in the world - reached 20,494.1 billion USD. The next positions are China (US $ 13,608.2 billion), Japan (US $ 4,970.9 billion), Germany (US $ 3,996.8 billion) and the United Kingdom (US $ 2,825.2 billion).
The WB also stated that Korea’s Gross National Income (GNI) per capita in 2018 reached 30,600 USD, ranking 30th in the world, up one rank compared to 2017. Meanwhile, if calculating GNI according to purchasing power parity (PPP) of this country is 40,450 USD, ranked at the 33rd position in the world, down two places compared to 2017.
Switzerland is the world leader in GNI per capita (US $ 83,580), followed by Norway (US $ 80,790) and British Isle of Man (US $ 80,340).