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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 -1.4 % 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
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 -1.4 % 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
gold_reserve_icon
104
Tonnes
#35 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
442.73
USD Billion
#9 from 114 countries


Government Budget Value
balance_icon
-56.242
USD Billion
#104 from 113 countries
Inflation Rate
inflation_icon
0.6
%
#152 from 174 countries


Interest Rate
discount_rate_icon
0.5
%
#125 from 159 countries
Bank Lending Rate
credit_rate_icon
2.74%
#34 from 55 countries


Unemployment Rate
unemployment_icon
5.4
%
#138 from 171 countries
Wages
salary_icon
3463.476
USD/Month
#16 from 82 countries


Retirement Age
man_icon
woman_icon
60
60
men
women
Taxes
company_icon
private_icon
25%
42%
company profits
income of individuals


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