The economy is projected to maintain its global ranking as tenth largest in terms of nominal gross domestic product(GDP) for a third straight year in 2022.
According to the International Monetary Fund(IMF) on Sunday, South Korea's nominal GDP is estimated at one-point-82 trillion U.S. dollars, or two-thousand-166 trillion won, this year.
That makes the country the tenth largest economy among 191 countries.
The IMF predicted the country's GDP will reach one-point-nine trillion dollars next year and rank tenth again.
If the projections are realized, South Korea will retain the tenth place for three consecutive years from 2020.