New Delhi, Oct. 22 -- South Korea's per capita gross domestic product (GDP) is projected to fall by three notches this year, according to a report released by the International Monetary Fund (IMF).

As per a report by Pulse, the english service of Maeil Business News Korea, the IMF noted in its World Economic Outlook report that Korea's per capita GDP is estimated at USD 35,962 for 2025, down 0.8 per cent from last year's USD 36,239.

Korea's ranking among the 197 countries included in the IMF's statistics is projected to slip from 34th last year to 37th this year.

The IMF also forecasted that Korea will reach the USD 40,000 threshold in per capita GDP in 2028, with an estimated USD 40,802, one year earlier than its April projection, whi...