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Data from World Bank. Forecasts by Sigmanomics Forecast Engine.
South KoreaSouth Korea GDP (current US$) climbed to 1,712,792,854,202.4 USD Billions in January 2023
World BankYearlyReleased January 2023
South Korea GDP (current US$) climbed to 1,712,792,854,202.4 USD Billions in January 2023, up 38,876,342,402.7 USD Billions from December's 1,673,916,511,799.7 USD Billions reading.
Latest Release
1712792854202.40
Latest (2023)
1673916511799.70
Previous
World Bank
Source
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/KRW | ▼ Inverse | −0.50 | FOREX | Bullish KRW | → View |
| KOSPI | ▲ Direct | +0.45 | INDEX | Bullish KR | → View |
| AUD/USD | ▲ Direct | +0.35 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP (Current US$) (South Korea) was reported at 1,875,388,209,406.80 USD in December 2024. The reading rose from the previous value of 1,844,800,934,391.54 USD. This is classified as a high-impact indicator released on a yearly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 1,839,850,753,554.95 USD, up from the prior three at 1,812,476,529,797.96 USD.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/KRW (Bullish KRW). A secondary relationship exists with KOSPI, positively correlated (Bullish KR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Business Confidence (May 26) and Exports YoY (Jun 1).
Auto-generated from current model state · Refreshes on each release · Last update December 2024.
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GDP (current US$) - KR
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About GDP (current US$) — South Korea
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. Surprises against consensus typically move rates and currencies on release. Released annually.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with USD/KRW (Bullish KRW, r=-0.50) — a useful reference for forex-focused traders.