Korea's GNI per capita to exceed $40,000 for 1st time in 2026: BOK
Korea's gross national income (GNI) per capita is likely to surpass $40,000 this year for the first time, helped by a sharp increase in national income driven largely by the semiconductor boom and a stronger won, the Bank of Korea (BOK) said Monday. The new prediction comes as the country's national income has posted strong growth in the second quarter. Nominal GNI rose 8.8 percent in the second…
The Bank of Korea (BOK) predicts that Korea's gross national income (GNI) per capita will surpass $40,000 for the first time in 2026, driven by a surge in national income fueled primarily by the semiconductor boom and a stronger Korean won. This forecast comes as the country's national income has experienced robust growth in the second quarter, with nominal GNI increasing by 8.8% quarter-over-quarter and 26.4% year-over-year.
Real GNI, which excludes inflation, also saw a notable rise of 3.1% on-quarter and 15.6% year-over-year, marking its fastest annual growth since the fourth quarter of 1988. BOK director Kim Hwa-yong stated that under optimal conditions, such as stable nominal GNI growth and exchange rates, per capita GNI in U.S. dollar terms is expected to exceed $40,000.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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- Korea's GNI per capita to exceed $40,000 for 1st time in 2026: BOK koreatimes.co.kr
