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Economy of South Korea. Statistics, Data and Indicators

flag
South Korea
84AA Credit rank #26
155.38 Quality of life #27
33 Corruption rank#42
5 Ease of doing business#5
South Korea


South Korea Major Economic Indicators

Indicator Data Period
GDP Value 1647 USD Billion 2019
GDP Annual Growth Rate 1.8 % 1Q/21
GDP Growth Rate 1.6 % 1Q/21
GDP per capita 28606 USD 2019
Inflation Rate YoY 2.3 % Apr/21
Interest Rate 0.5 % Apr/21
Unemployment Rate 3.9 % Mar/21
Wages 3868678 KRW/Month | 3455.801 USD/Month 4Q/20
Balance of Trade 390 USD Million | 0.39 B USD Apr/21
Current Account 7816 USD Million | 7.816 B USD Mar/21
Foreign Exchange Reserves 452310 USD Million | 452.31 B USD Apr/21


GDP
vvp
1647
USD Billion
#14 from 174 countries
GDP per capita
vvp
28606
USD
#35 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 1647 USD Billion 2019
GDP Annual Growth Rate 1.8 % 1Q/21
GDP Growth Rate 1.6 % 1Q/21
GDP per capita 28606 USD 2019
Gross National Product 481952 KRW Billion | 430.517 USD Billion 4Q/20
GDP Constant Prices 470847 KRW Billion | 420.597 B USD 1Q/21
GDP per capita PPP 42661 USD 2019
GDP From Agriculture  8558 KRW Billion | 7.645 B USD 1Q/21
GDP From Construction  22105 KRW Billion | 19.746 B USD 1Q/21
GDP From Manufacturing  129270 KRW Billion | 115.474 B USD 1Q/21
GDP From Mining  470 KRW Billion | 0.42 B USD 1Q/21
GDP From Public Administration  28517 KRW Billion | 25.474 B USD 4Q/20
GDP From Services  260912 KRW Billion | 233.067 B USD 1Q/21
GDP From Transport  13118 KRW Billion | 11.718 B USD 1Q/21
GDP From Utilities  12661 KRW Billion | 11.31 B USD 1Q/21


Budget Indicators

Indicator Data Period
Government Debt to GDP 42.6 % 2020
Government Budget Value -12694 KRW Billion | -11.339 USD Billion Feb/21
Government Spending 81349 KRW Billion | 72.667 USD Billion 1Q/21
Government Revenues 92518 KRW Billion | 82.644 USD Billion Feb/21
Fiscal Expenditure  105212 KRW Billion | 93.983 B USD Feb/21
Government Budget to GDP -2.6 % 2019
Government Spending to GDP 31.15 % 2018
Military Expenditure 46281 USD Million | 46.281 B USD 2019


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 107 index points Apr/21
Export Prices 101 index points Mar/21
Food Inflation 8.1 % Apr/21
Gasoline Prices 1.38 USD/Liter Apr/21
GDP Deflator 104 index points 4Q/20
Import Prices 110 index points Mar/21
Inflation Rate YoY 2.3 % Apr/21
Producer Prices 107 index points Mar/21
Inflation Rate Mom 0.2 % Apr/21
Core Consumer Prices 107 Index Points Apr/21
Core Inflation Rate 1.4 % Apr/21
CPI Housing Utilities 104 Index Points Apr/21
CPI Transportation 105 Index Points Apr/21
Inflation Expectations 2.1 % Apr/21
Producer Prices Change  3.9 % Mar/21


Trade Indicators

Indicator Data Period
Current Account to GDP 3.5 % 2020
Weapons Sales 827 USD Million 2020
Balance of Trade 390 USD Million | 0.39 USD Billion Apr/21
Capital Flows 10001 USD Million | 10.001 USD Billion Mar/21
Current Account 7816 USD Million | 7.816 USD Billion Mar/21
Exports 51190 USD Million | 51.19 USD Billion Apr/21
External Debt 542448 USD Million | 542.448 USD Billion 4Q/20
Foreign Exchange Reserves 452310 USD Million | 452.31 USD Billion Apr/21
Imports 50800 USD Million | 50.8 USD Billion Apr/21
Terms of Trade  92.8 Index Points Feb/21
Tourism Revenues  692200 USD Million | 692.2 B USD Feb/21
Tourist Arrivals 74604 Persons | 0.075 Million Persons Mar/21


Money Indicators

Indicator Data Period
Bank Lending Rate 2.77 % Mar/21
Gold Reserves 104 Tonnes 4Q/20
Interbank Rate 0.67 % May/21
Interest Rate 0.5 % Apr/21
Loans to Private Sector 9999709 KRW HML | 893.251 USD Billion Mar/21
Money Supply M0 140770000 KRW Million | 125.747 USD Billion Feb/21
Money Supply M1 1214267 KRW Billion | 1084.677 USD Billion Feb/21
Money Supply M2 3267578 KRW Billion | 2918.853 USD Billion Feb/21
Money Supply M3 4546085 KRW Billion | 4060.913 USD Billion Feb/21
Central Bank Balance Sheet 541441 KRW Billion | 483.657 B USD Feb/21
Deposit Interest Rate 0.94 % Feb/21
Foreign Direct Investment 4738478 USD Thousand | 4.738 B USD 1Q/21


Labor Indicators

Indicator Data Period
Minimum Wages 8720 KRW/Hour | 1246.3 USD/Month 2021
Retirement Age Men 62 2020
Retirement Age Women 62 2020
Unemployment Rate 3.9 % Mar/21
Wages 3868678 KRW/Month | 3455.801 USD/Month 4Q/20
Youth Unemployment Rate 10 % Mar/21
Employed Persons 27145 Thousand Person | 27.145 Million Person Mar/21
Employment Rate  59.8 % Mar/21
Labor Force Participation Rate 62.5 % Mar/21
Unemployed Persons 1095 Thousand Persons | 1.095 Million Persons Mar/21
Wages in Manufacturing 4248573 KRW/Month | 3795.153 USD/Month 4Q/20


Taxes

Indicator Data Period
Corporate Tax Rate 25 % 2021
Personal Income Tax Rate 42 % 2020
Sales Tax Rate 10 % 2021
Social Security Rate 18.94 % 2020
Social Security Rate For Companies 9.96 % 2020
Social Security Rate For Employees 8.98 % 2020


Production Indicators

Indicator Data Period
Electricity Production 22350 GWh Feb/21
Industrial Production 4.7 % Mar/21
Mining Production -11.1 % Feb/21
Steel Production 6100 Thousand Tonnes Mar/21
Car Production 3506774 Units | 3506.774 Units 2020
Industrial Production (MoM) -0.8 % Mar/21


Business Indicators

Indicator Data Period
Bankruptcies 25 companies Mar/21
Business Confidence 96 index points Apr/21
Corruption Index 61 index points 2020
Corruption Rank 33 place 2020
Ease of Doing Business 5 place 2019
Manufacturing PMI 54.6 index points Apr/21
Manufacturing Production 4.7 % Mar/21
Competitiveness Index 79.62 Index Points 2019
Competitiveness Rank 13 2019
Leading Economic Index  125 Index Points Mar/21


Consumer Indicators

Indicator Data Period
Consumer Confidence 102 index points Apr/21
Private Debt To GDP 253 % 2019
Retail Sales MoM 2.3 % Mar/21
Retail Sales YoY 10.9 % Mar/21
Consumer Credit 1726091 KRW Billion | 1541.878 USD Billion 4Q/20
Consumer Spending 212176 KRW Billion | 189.532 USD Billion 1Q/21
Disposable Personal Income 1938679 KRW Billion | 1731.777 B USD 2020
Households Debt To GDP 101 % 3Q/20


Housing Market

Indicator Data Period
Construction Output -5.7 % Mar/21


Gold Reserves
gold_reserve_icon
104
Tonnes
#35 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
452.31
USD Billion
#9 from 114 countries


Government Budget Value
balance_icon
-11.339
USD Billion
#104 from 113 countries
Inflation Rate
inflation_icon
2.3
%
#152 from 174 countries


Interest Rate
discount_rate_icon
0.5
%
#125 from 159 countries
Bank Lending Rate
credit_rate_icon
2.77%
#34 from 55 countries


Unemployment Rate
unemployment_icon
3.9
%
#138 from 171 countries
Wages
salary_icon
3455.801
USD/Month
#16 from 82 countries


Retirement Age
man_icon
woman_icon
62
62
men
women
Taxes
company_icon
private_icon
25%
42%
company profits
income of individuals


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