World Bank WDI · updated 2026-10-15 · 156 economies tracked
4.94 (2023)
#n/a of 156 economies
4.6%
2.31×
1 = global #1 · higher value ranks higher
Real annual global ranks, 1996 - 2024. South Korea climbed from #8 to #3 (overtook Finland). Gaps in a lane = missing data that year.
Key events for South Korea ↓Auto-detected from rank data + curated milestones
Currency crisis forces an IMF bailout and deep restructuring.
Rapid reform-driven rebound from the Asian crisis.
Export slump hits growth before a fast recovery.
Economy contracts slightly while exports stay resilient.
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