S. Korea's GNI per capita rises to US$ 36,624 in 2024

South Korea's gross national income per capita edged up by just over one percent last year due to the Korean won's depreciation against the U.S. dollar.

Preliminary data from the Bank of Korea on Wednesday showed that in local currency GNI grew by five-point-seven percent, but when converted into U.S. dollars the rate was lower at one-point-two percent, amounting to 36-thousand-624 dollars.

The country's GDP growth rate for 2024 was confirmed at two percent, unchanged from preliminary data released last year.

South Korea's GNI per capita first surpassed the 30-thousand dollar mark back in 2014 and continued steady growth before dropping in 2022 due to the weakening of the won against the greenback.