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THE INVESTOR
October 23, 2019
Big Reunion

Economy

Korea ranks 12th in world GDP ranking: World Bank

  • PUBLISHED :July 07, 2019 - 17:15
  • UPDATED :July 08, 2019 - 10:39
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South Korea ranked 12th out of 205 countries in terms of gross domestic product in 2018, maintaining its spot from a year earlier, the World Bank said Sunday.

The country‘s gross national income, or earnings per head, came to 30th in the world. 




The World Bank data showed Korea’s GDP in the cited period at $1.6 trillion.

Korea had ranked 14th between 2009 and 2013 to climb a notch up to 13th in 2015 and to 11th in 2015 and 2016. The country slid one rung down to 12th in 2017 and 2018.

The US was had the top GDP at $20.5 trillion in 2018, followed by China, which marked $13.6 trillion.

Rounding out the the top 10 were Japan at $4.9 trillion, Germany at $3.9 trillion, UK at $2.8 trillion, France at $2.7 trillion, India at $2.7 trillion, Italy at $2 trillion, Brazil at $1.8 trillion and Canada at $1.7 trillion.

Korea was behind Russia, which ranked 11th with $1.6 trillion. 

By Lim Jeong-yeo/The Korea Herald (kaylalim@heraldcorp.com)

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