Korea GDP: USD: Gross National Income: Atlas Method

Korea GDP: USD: Gross National Income: Atlas Method data was reported at 1,460.492 USD bn in 2017. This records an increase from the previous number of 1,418.910 USD bn for 2016. Korea GDP: USD: Gross National Income: Atlas Method data is updated yearly, averaging 248.922 USD bn from Dec 1962 (Median) to 2017, with 56 observations. The data reached an all-time high of 1,460.492 USD bn in 2017 and a record low of 3.141 USD bn in 1962. Korea GDP: USD: Gross National Income: Atlas Method data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Korea – Table KR.World Bank: Gross Domestic Product: Nominal. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total;

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What was South Korea's Korea GDP: USD: Gross National Income: Atlas Method in 2016?

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