Economy of South Korea. Statistics, Data and Indicators

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

South Korea Major Economic Indicators
Indicator | Data | Period |
---|---|---|
GDP Value | 1647 USD Billion | 2019 |
GDP Annual Growth Rate | -1.4 % | 4Q/20 |
GDP Growth Rate | 1.1 % | 4Q/20 |
GDP per capita | 28606 USD | 2019 |
Inflation Rate YoY | 0.6 % | Jan/21 |
Interest Rate | 0.5 % | Feb/21 |
Unemployment Rate | 5.4 % | Jan/21 |
Wages | 3895894 KRW/Month | 3463.476 USD/Month | 3Q/20 |
Balance of Trade | 3960 USD Million | 3.96 B USD | Jan/21 |
Current Account | 11510 USD Million | 11.51 B USD | Dec/20 |
Foreign Exchange Reserves | 442730 USD Million | 442.73 B USD | Jan/21 |
GDP

1647
USD Billion
#14 from 174 countries
GDP per capita

28606
USD
#35 from 169 countries
GDP Indicators
Indicator | Data | Period |
---|---|---|
GDP Value | 1647 USD Billion | 2019 |
GDP Annual Growth Rate | -1.4 % | 4Q/20 |
GDP Growth Rate | 1.1 % | 4Q/20 |
GDP per capita | 28606 USD | 2019 |
Gross National Product | 456036 KRW Billion | 405.419 USD Billion | 3Q/20 |
GDP Constant Prices | 462766 KRW Billion | 411.402 B USD | 4Q/20 |
GDP per capita PPP | 42661 USD | 2019 |
GDP From Agriculture | 8048 KRW Billion | 7.155 B USD | 4Q/20 |
GDP From Construction | 22091 KRW Billion | 19.639 B USD | 4Q/20 |
GDP From Manufacturing | 125601 KRW Billion | 111.66 B USD | 4Q/20 |
GDP From Mining | 511 KRW Billion | 0.454 B USD | 4Q/20 |
GDP From Public Administration | 27856 KRW Billion | 24.764 B USD | 1Q/20 |
GDP From Services | 258125 KRW Billion | 229.475 B USD | 4Q/20 |
GDP From Transport | 12924 KRW Billion | 11.49 B USD | 4Q/20 |
GDP From Utilities | 12052 KRW Billion | 10.714 B USD | 4Q/20 |
Budget Indicators
Indicator | Data | Period |
---|---|---|
Government Debt to GDP | 37.7 % | 2019 |
Government Budget Value | -63264 KRW Billion | -56.242 USD Billion | Nov/20 |
Government Spending | 79988 KRW Billion | 71.11 USD Billion | 4Q/20 |
Government Revenues | 408760 KRW Billion | 363.39 USD Billion | Nov/20 |
Fiscal Expenditure | 472025 KRW Billion | 419.633 B USD | Nov/20 |
Government Budget to GDP | -2.6 % | 2019 |
Government Spending to GDP | 31.15 % | 2018 |
Military Expenditure | 41157 USD Million | 41.157 B USD | 2018 |
Inflation Indicators
Indicator | Data | Period |
---|---|---|
Consumer Price Index (CPI) | 106 index points | Jan/21 |
Export Prices | 94.55 index points | Jan/21 |
Food Inflation | 6.2 % | Dec/20 |
Gasoline Prices | 1.31 USD/Liter | Feb/21 |
GDP Deflator | 107 index points | 3Q/20 |
Import Prices | 101 index points | Jan/21 |
Inflation Rate YoY | 0.6 % | Jan/21 |
Producer Prices | 105 index points | Jan/21 |
Inflation Rate Mom | 0.8 % | Jan/21 |
Core Consumer Prices | 107 Index Points | Jan/21 |
Core Inflation Rate | 0.9 % | Dec/20 |
CPI Housing Utilities | 104 Index Points | Jan/21 |
CPI Transportation | 102 Index Points | Jan/21 |
Inflation Expectations | 1.8 % | Jan/21 |
Producer Prices Change | 0.8 % | Jan/21 |
Trade Indicators
Indicator | Data | Period |
---|---|---|
Current Account to GDP | 3.5 % | 2020 |
Weapons Sales | 688 USD Million | 2019 |
Balance of Trade | 3960 USD Million | 3.96 USD Billion | Jan/21 |
Capital Flows | 8464 USD Million | 8.464 USD Billion | Dec/20 |
Current Account | 11510 USD Million | 11.51 USD Billion | Dec/20 |
Exports | 48000 USD Million | 48 USD Billion | Jan/21 |
External Debt | 542448 USD Million | 542.448 USD Billion | 4Q/20 |
Foreign Exchange Reserves | 442730 USD Million | 442.73 USD Billion | Jan/21 |
Imports | 44052 USD Million | 44.052 USD Billion | Jan/21 |
Terms of Trade | 94.4 Index Points | Dec/20 |
Tourism Revenues | 786700 USD Million | 786.7 B USD | Dec/20 |
Tourist Arrivals | 62344 Persons | 0.062 Million Persons | Dec/20 |
Money Indicators
Indicator | Data | Period |
---|---|---|
Bank Lending Rate | 2.74 % | Dec/20 |
Gold Reserves | 104 Tonnes | 4Q/20 |
Interbank Rate | 0.73 % | Feb/21 |
Interest Rate | 0.5 % | Feb/21 |
Loans to Private Sector | 9863416 KRW HML | 876.864 USD Billion | Jan/21 |
Money Supply M0 | 136152608 KRW Million | 121.041 USD Billion | Dec/20 |
Money Supply M1 | 1178749 KRW Billion | 1047.916 USD Billion | Dec/20 |
Money Supply M2 | 3195887 KRW Billion | 2841.165 USD Billion | Dec/20 |
Money Supply M3 | 4459390 KRW Billion | 3964.428 USD Billion | Dec/20 |
Central Bank Balance Sheet | 538730 KRW Billion | 478.935 B USD | Dec/20 |
Deposit Interest Rate | 1 % | Oct/20 |
Foreign Direct Investment | 7791129 USD Thousand | 7.791 B USD | 4Q/20 |
Labor Indicators
Indicator | Data | Period |
---|---|---|
Minimum Wages | 8720 KRW/Hour | 1240.342 USD/Month | 2021 |
Retirement Age Men | 60 | 2019 |
Retirement Age Women | 60 | 2019 |
Unemployment Rate | 5.4 % | Jan/21 |
Wages | 3895894 KRW/Month | 3463.476 USD/Month | 3Q/20 |
Youth Unemployment Rate | 9.3 % | Jan/21 |
Employed Persons | 26485 Thousand Person | 26.485 Million Person | Jan/21 |
Employment Rate | 60.4 % | Aug/20 |
Labor Force Participation Rate | 60.9 % | Jan/21 |
Unemployed Persons | 1519 Thousand Persons | 1.519 Million Persons | Jan/21 |
Wages in Manufacturing | 4232213 KRW/Month | 3762.466 USD/Month | 3Q/20 |
Taxes
Indicator | Data | Period |
---|---|---|
Corporate Tax Rate | 25 % | 2021 |
Personal Income Tax Rate | 42 % | 2019 |
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 | 23710 GWh | Dec/20 |
Industrial Production | 3.4 % | Dec/20 |
Mining Production | -3 % | Aug/20 |
Steel Production | 5952 Thousand Tonnes | Dec/20 |
Car Production | 3950617 Units | 3950.617 Units | 2019 |
Industrial Production (MoM) | 3.7 % | Dec/20 |
Business Indicators
Indicator | Data | Period |
---|---|---|
Bankruptcies | 27 companies | Dec/20 |
Business Confidence | 82 index points | Feb/21 |
Corruption Index | 61 index points | 2020 |
Corruption Rank | 33 place | 2020 |
Ease of Doing Business | 5 place | 2019 |
Manufacturing PMI | 53.2 index points | Jan/21 |
Manufacturing Production | 3.4 % | Dec/20 |
Competitiveness Index | 79.62 Index Points | 2019 |
Competitiveness Rank | 13 | 2019 |
Leading Economic Index | 125 Index Points | Dec/20 |
Consumer Indicators
Indicator | Data | Period |
---|---|---|
Consumer Confidence | 97.4 index points | Feb/21 |
Private Debt To GDP | 261 % | 2018 |
Retail Sales MoM | 0.2 % | Dec/20 |
Retail Sales YoY | -2 % | Dec/20 |
Consumer Credit | 1682120 KRW Billion | 1495.416 USD Billion | 3Q/20 |
Consumer Spending | 209654 KRW Billion | 186.384 USD Billion | 4Q/20 |
Disposable Personal Income | 1925873 KRW Billion | 1712.114 B USD | 2019 |
Households Debt To GDP | 98.6 % | 2Q/20 |
Housing Market
Indicator | Data | Period |
---|---|---|
Construction Output | -2.5 % | Dec/20 |
Gold Reserves

104
Tonnes
#35 from 114 countries
Foreign Exchange Reserves

442.73
USD Billion
#9 from
114 countries
Government Budget Value

-56.242
USD Billion
#104 from 113 countries
Inflation Rate

0.6
%
#152 from
174 countries
Interest Rate

0.5
%
#125 from
159 countries
Bank Lending Rate

2.74%
#34 from
55 countries
Unemployment Rate

5.4
%
#138 from
171 countries
Wages

3463.476
USD/Month
#16 from
82 countries
Retirement Age


60
60
men
women
Taxes


25%
42%
company profits
income of individuals