PPP conversion factor

World BankPeriod 2016~2025Retrieved 2026-11-09

An exchange rate based on what the same goods cost. Comparing it with the market rate gives a sense of price levels.

2016: 858.8 KRW per intl. $ → 2025: 816.3 KRW per intl. $ (down 4.9%). Highest: 2017 (872.6 KRW per intl. $).

Tap a point or bar in a chart, a map tile or a table row to see the figure and a plain explanation here.

PPP conversion factor · 2016~2025 (unit: KRW per intl. $)
YearGDP basisHousehold consumption basis
2016858.8097967.1149
2017872.6248992.0744
2018854.8714980.3603
2019847.5478984.0977
2020829.3592971.4793
2021829.8678960.9882
2022810.157903.9989
2023811.048883.1127
2024809.2672872.4687
2025816.3293880.1254

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Reference (APA 7th)

World Bank. (2026). PPP conversion factor, GDP (LCU per international $); PPP conversion factor, households and NPISHs Final consumption expenditure (LCU per international $) – Korea, Rep. [Data set]. World Development Indicators. Retrieved November 9, 2026, from https://data.worldbank.org/indicator/PA.NUS.PPP?locations=KR

Source https://data.worldbank.org/indicator/PA.NUS.PPP?locations=KR

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