Korea PPP Conversion Factor
PPP conversion factor, GDP PA.NUS.PPP
Korea's ppp conversion factor was 800.24 in 2025, ranked 18th globally. This represents a 1.1% decrease from 2024. Data from World Bank, covering 1990–2025.
Overview
Korea's ppp conversion factor stood at 800.24 in 2025, a decline of +9.03 from 2024. Based on recent trends, this figure is projected to reach 800.24 by 2025. Korea ranked 18th globally.
South Korea’s purchasing power parity (PPP) conversion factor has risen markedly since the earliest record in 1990, when it stood at 562.82, the all‑time trough for the series. The upward trajectory accelerated through the 2000s, reaching an all‑time peak of 872.62 in 2017, before easing slightly to 800.24 in 2025, which places the country 18th globally. Over the 36‑year coverage period the factor has increased by roughly 42 percent, reflecting sustained improvements in price level differentials relative to the United States dollar and the broader convergence of living standards. By comparison, Sudan’s 2025 PPP conversion factor of 707.96 remains well below South Korea’s level, underscoring the latter’s more advanced economic structure and higher real income per capita. Continued advances in productivity, technology adoption, and wage growth could sustain the upward bias, while a significant slowdown in export demand or a sharp rise in domestic inflation would be likely to temper further gains.
Data & projection
| Year | PPP Conversion Factor | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 788.44 | - | - |
| 2026* trend | 794.34 | - | - |
| 2025* trend | 800.24 | - | - |
| 2025 | 800.24 | −9.03 | #18 |
| 2024 | 809.27 | −1.78 | #173 |
| 2023 | 811.05 | +0.89 | #181 |
| 2022 | 810.16 | −19.71 | #182 |
| 2021 | 829.87 | +0.51 | #185 |
| 2020 | 829.36 | −18.19 | #186 |
| 2019 | 847.55 | −7.32 | #186 |
| 2018 | 854.87 | −17.75 | #187 |
| 2017 | 872.62 | +13.82 | #188 |
| 2016 | 858.81 | +1.33 | #188 |
| 2015 | 857.48 | −14.39 | #188 |
| 2014 | 871.88 | +2.80 | #189 |
| 2013 | 869.08 | +14.19 | #191 |
| 2012 | 854.89 | +0.30 | #191 |
| 2011 | 854.59 | +14.09 | #192 |
Detected Pattern
Analysis
Korea matched the Export Boom Cycle pattern in 2006. Historically, 71% of countries showing this pattern (546 out of 768) saw ppp conversion factor improve within 24 months. View full analysis →
Frequently Asked Questions
Korea's ppp conversion factor was 800.24 in 2025. Ranked 18th globally. This represents a 1.1% decrease from the previous year.
Korea's ppp conversion factor peaked at 872.62 in 2017.
The lowest ppp conversion factor in Korea was 562.82 in 1990.
Korea ranks 18th globally in ppp conversion factor as of 2025.
The World Bank indicator code is PA.NUS.PPP. Data sourced from World Bank.
Korea's ppp conversion factor is projected to reach 800.24 by 2025 based on trend extrapolation.
The ppp conversion factor of Korea in 2025 was 800.24. This ranks 18th in the world.
Cite this page
@misc{historysaid_korea_ppp-conversion-factor,
title = {Korea PPP Conversion Factor},
url = {https://historysaid.com/korea/ppp-conversion-factor/},
publisher = {HistorySaid},
year = {2026}
}