The Bank of Korea said on the 9th that last year Korea's per capita gross national income (GNI) was $36,963 (52.57 million won). After first surpassing $30,000 in 2014, it has failed to top $40,000 for the 12th year.
According to the "2024 national accounts (final) and 2025 national accounts (preliminary)" released by the Bank of Korea that day, GNI rose 4.6% from a year earlier in won terms. In dollar terms, however, it inched up just 0.3%, reflecting a weaker won. Real GNI, adjusted for inflation, increased 2.1% from a year earlier.
Per capita household gross disposable income, meaning income freely disposable after excluding consumption and savings, was 29.177 million won, up 4.1% from a year earlier. In dollar terms, however, it was $20,515, down 0.2%.
Nominal gross disposable income totaled 2.7057 quadrillion won, up 4.4% from a year earlier. Household income was 1.508 quadrillion won, up 4%, corporations' income was 650.9 trillion won, up 6.1%, and government income was 546.8 trillion won, up 3.8%, it was found.
Korea's per capita GNI surpassed Japan and Taiwan for two straight years starting in 2023. Among countries with populations of 50 million or more, it ranked sixth after the United States, Germany, the United Kingdom, France and Italy. However, based on last year, it is expected to have been overtaken by Japan again, placing seventh.
Of gross disposable income, 64.9% (1.7556 quadrillion won) went to consumption expenditure. The remaining 35.1% (950.1 trillion won) flowed into savings.