Human capital in South Korea

South Korea: Human capital was 9.04 trillion real chained 2019 US$ in 2020. ▲ Rising

Latest (2020)
9.04 trillion real chained 2019 US$
Change on year
up 2.0%
World rank
12th
of 150 countries
All-time high
9.04 trillion real chained 2019 US$
in 2020
All-time low
5.47 trillion real chained 2019 US$
in 1998
Years of data
26
1995–2020

Human capital in South Korea, 1995–2020

02.0T4.0T6.0T8.0T10.0T1995200720201995: 5.5T real chained 2019 US$1996: 5.6T real chained 2019 US$1997: 5.7T real chained 2019 US$1998: 5.5T real chained 2019 US$1999: 5.6T real chained 2019 US$2000: 5.9T real chained 2019 US$2001: 6.1T real chained 2019 US$2002: 6.3T real chained 2019 US$2003: 6.3T real chained 2019 US$2004: 6.5T real chained 2019 US$2005: 6.6T real chained 2019 US$2006: 6.7T real chained 2019 US$2007: 6.8T real chained 2019 US$2008: 6.9T real chained 2019 US$2009: 6.9T real chained 2019 US$2010: 7.1T real chained 2019 US$2011: 7.3T real chained 2019 US$2012: 7.5T real chained 2019 US$2013: 7.7T real chained 2019 US$2014: 8.0T real chained 2019 US$2015: 8.2T real chained 2019 US$2016: 8.4T real chained 2019 US$2017: 8.5T real chained 2019 US$2018: 8.7T real chained 2019 US$2019: 8.9T real chained 2019 US$2020: 9.0T real chained 2019 US$

Source: World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4. Measured in real chained 2019 US$.

Analysis

The most recent figure for human capital in South Korea is 9.04 trillion real chained 2019 US$, measured in 2020. That is the highest value across all 26 years on record.

The figure is up 2.0% on the previous year and up 27.4% over ten years.

Over the whole period, human capital in South Korea peaked at 9.04 trillion real chained 2019 US$ in 2020 and was at its lowest, 5.47 trillion real chained 2019 US$, in 1998.

That places South Korea 12th out of 150 countries with data for 2020, putting it in the top 10%.

The long-run direction has been consistently rising across the 26 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 5.59 trillion real chained 2019 US$ 5.47 trillion real chained 2019 US$ 5.75 trillion real chained 2019 US$ 5
2000s 6.51 trillion real chained 2019 US$ 5.93 trillion real chained 2019 US$ 6.95 trillion real chained 2019 US$ 10
2010s 8.04 trillion real chained 2019 US$ 7.10 trillion real chained 2019 US$ 8.87 trillion real chained 2019 US$ 10
2020s 9.04 trillion real chained 2019 US$ 9.04 trillion real chained 2019 US$ 9.04 trillion real chained 2019 US$ 1

Countries ranked near South Korea

  1. 9 Canada 13.36 trillion real chained 2019 US$ compare
  2. 10 Australia 10.46 trillion real chained 2019 US$ compare
  3. 11 Italy 9.93 trillion real chained 2019 US$ compare
  4. 13 Russia 8.27 trillion real chained 2019 US$ compare
  5. 14 Spain 7.97 trillion real chained 2019 US$ compare
  6. 15 Netherlands 7.55 trillion real chained 2019 US$ compare

See the full ranking of 151 places →

More reference data data for South Korea

All data for South Korea →

Frequently asked questions

What is human capital in South Korea?
Human capital in South Korea was 9.04 trillion real chained 2019 US$ in 2020, according to World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4.
What is the highest human capital recorded in South Korea?
The highest recorded value was 9.04 trillion real chained 2019 US$ in 2020.
What is the lowest human capital recorded in South Korea?
The lowest recorded value was 5.47 trillion real chained 2019 US$ in 1998.
How does South Korea rank for human capital?
South Korea ranks 12th out of 150 countries with data for 2020.
Is human capital rising or falling in South Korea?
Over the last ten years it is up 27.4%. The long-run trend across the full record is rising.
Where does this South Korea data come from?
The figures come from World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4, published as part of Human capital (real chained 2019 US$). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Human capital (real chained 2019 US$)
Unit
real chained 2019 US$
Source
World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
151 places, 3,885 data points, 1995–2020
Last refreshed

Human capital is computed as the present value of future earnings for the working population over their lifetimes. Values are measured at market exchange rates in constant 2018 US dollars, using a country-specific GDP deflator.