Korean Media: South Korea's GDP Expected to Reach $1.93 Trillion, But Ranking Drops to 15th Place!
On September 8, South Korean media outlet JoongAng Ilbo published an article stating that South Korea's nominal GDP is expected to rise to around $1.93 trillion this year. Although the economic scale has expanded compared to last year, it has been surpassed by Australia and Mexico, and its global ranking is projected to fall from 13th to 15th place.
Data from the global statistics platform Statista shows that the International Monetary Fund (IMF) forecasts South Korea’s nominal GDP for 2026 at $1.93 trillion, placing it 15th globally.
According to the latest estimates from the IMF, South Korea’s nominal GDP last year was $1.8724 trillion, ranking 13th worldwide. This year, the country’s GDP is expected to grow by approximately $57.6 billion; however, due to faster growth rates in other countries, its ranking may still decline.
Last year, South Korea narrowly led Australia and Mexico. South Korea’s nominal GDP stood at $1.8724 trillion, slightly higher than Australia’s $1.84 trillion and Mexico’s $1.8326 trillion.
However, this year both Australia and Mexico are expected to see their nominal GDPs rise to $2.12 trillion each—surpassing South Korea. Spain is also expected to rank 14th, one spot ahead of South Korea, with a GDP of $2.09 trillion.
The world’s largest economy remains the United States, with a projected nominal GDP of $32.38 trillion this year. China ranks second with $20.85 trillion, while Germany is expected to come third with $5.45 trillion.
Following are Japan at $4.38 trillion, the UK at $4.26 trillion, India at $4.15 trillion, and France at $3.6 trillion.
After South Korea, Turkey is expected to rank 16th with a GDP of $1.64 trillion, while Indonesia is projected to rank 17th with $1.54 trillion.
Original source: toutiao.com/article/1875725089627337/
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