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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 1631 USD Billion 2020
GDP Annual Growth Rate 1.9 % 1Q/21
GDP Growth Rate 1.7 % 1Q/21
GDP per capita 28361 USD 2020
Inflation Rate YoY 2.4 % Jun/21
Interest Rate 0.5 % Jul/21
Unemployment Rate 3.7 % Jun/21
Wages 4187464 KRW/Month | 3682.286 USD/Month 1Q/21
Balance of Trade 4440 USD Million | 4.44 B USD Jun/21
Current Account 10761 USD Million | 10.761 B USD May/21
Foreign Exchange Reserves 454110 USD Million | 454.11 B USD Jun/21


GDP
vvp
1631
USD Billion
#14 from 174 countries
GDP per capita
vvp
28361
USD
#35 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 1631 USD Billion 2020
GDP Annual Growth Rate 1.9 % 1Q/21
GDP Growth Rate 1.7 % 1Q/21
GDP per capita 28361 USD 2020
Gross National Product 454947 KRW Billion | 400.062 USD Billion 1Q/21
GDP Constant Prices 472602 KRW Billion | 415.587 B USD 1Q/21
GDP per capita PPP 42252 USD 2020
GDP From Agriculture  8558 KRW Billion | 7.526 B USD 1Q/21
GDP From Construction  22105 KRW Billion | 19.438 B USD 1Q/21
GDP From Manufacturing  129270 KRW Billion | 113.675 B USD 1Q/21
GDP From Mining  470 KRW Billion | 0.413 B USD 1Q/21
GDP From Public Administration  28517 KRW Billion | 25.077 B USD 4Q/20
GDP From Services  260912 KRW Billion | 229.435 B USD 1Q/21
GDP From Transport  13118 KRW Billion | 11.535 B USD 1Q/21
GDP From Utilities  12661 KRW Billion | 11.134 B USD 1Q/21


Budget Indicators

Indicator Data Period
Government Debt to GDP 42.6 % 2020
Government Budget Value -20477 KRW Billion | -18.007 USD Billion May/21
Government Spending 81349 KRW Billion | 71.535 USD Billion 1Q/21
Government Revenues 247759 KRW Billion | 217.869 USD Billion May/21
Fiscal Expenditure  268236 KRW Billion | 235.876 B USD May/21
Government Budget to GDP -6.1 % 2020
Government Spending to GDP 31.15 % 2018
Military Expenditure 46056 USD Million | 46.056 B USD 2020


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 107 index points Jun/21
Export Prices 107 index points Jun/21
Food Inflation 6.5 % Jun/21
Gasoline Prices 1.42 USD/Liter Jun/21
GDP Deflator 106 index points 1Q/21
Import Prices 115 index points Jun/21
Inflation Rate YoY 2.4 % Jun/21
Producer Prices 108 index points May/21
Inflation Rate Mom -0.1 % Jun/21
Core Consumer Prices 108 Index Points Jun/21
Core Inflation Rate 1.5 % Jun/21
CPI Housing Utilities 105 Index Points Jun/21
CPI Transportation 106 Index Points Jun/21
Inflation Expectations 2.3 % Jun/21
Producer Prices Change  6.4 % May/21


Trade Indicators

Indicator Data Period
Current Account to GDP 3.5 % 2020
Weapons Sales 827 USD Million 2020
Balance of Trade 4440 USD Million | 4.44 USD Billion Jun/21
Capital Flows 8368 USD Million | 8.368 USD Billion May/21
Current Account 10761 USD Million | 10.761 USD Billion May/21
Exports 54800 USD Million | 54.8 USD Billion Jun/21
External Debt 565897 USD Million | 565.897 USD Billion 1Q/21
Foreign Exchange Reserves 454110 USD Million | 454.11 USD Billion Jun/21
Imports 503600 USD Million | 503.6 USD Billion Jun/21
Terms of Trade  95.3 Index Points Apr/21
Tourism Revenues  845400 USD Million | 845.4 B USD May/21
Tourist Arrivals 74463 Persons | 0.074 Million Persons May/21


Money Indicators

Indicator Data Period
Bank Lending Rate 2.72 % May/21
Gold Reserves 104 Tonnes 1Q/21
Interbank Rate 0.75 % Jul/21
Interest Rate 0.5 % Jul/21
Loans to Private Sector 10221468 KRW HML | 898.834 USD Billion Jun/21
Money Supply M0 143837408 KRW Million | 126.485 USD Billion May/21
Money Supply M1 1269341 KRW Billion | 1116.207 USD Billion May/21
Money Supply M2 3388329 KRW Billion | 2979.559 USD Billion May/21
Money Supply M3 4667130 KRW Billion | 4104.084 USD Billion May/21
Central Bank Balance Sheet 553240 KRW Billion | 486.497 B USD May/21
Deposit Interest Rate 0.93 % Apr/21
Foreign Direct Investment 8270824 USD Thousand | 8.271 B USD 2Q/21


Labor Indicators

Indicator Data Period
Minimum Wages 8720 KRW/Hour | 1226.882 USD/Month 2021
Retirement Age Men 62 2020
Retirement Age Women 62 2020
Unemployment Rate 3.7 % Jun/21
Wages 4187464 KRW/Month | 3682.286 USD/Month 1Q/21
Youth Unemployment Rate 8.8 % Jun/21
Employed Persons 27331 Thousand Person | 27.331 Million Person Jun/21
Employment Rate  61.3 % Jun/21
Labor Force Participation Rate 63 % Jun/21
Unemployed Persons 1049 Thousand Persons | 1.049 Million Persons Jun/21
Wages in Manufacturing 4710398 KRW/Month | 4142.133 USD/Month 1Q/21


Taxes

Indicator Data Period
Corporate Tax Rate 25 % 2021
Personal Income Tax Rate 45 % 2021
Sales Tax Rate 10 % 2021
Social Security Rate 19.24 % 2021
Social Security Rate For Companies 10.11 % 2021
Social Security Rate For Employees 9.13 % 2021


Production Indicators

Indicator Data Period
Electricity Production 23375 GWh Mar/21
Industrial Production 15.6 % May/21
Mining Production 7.5 % Apr/21
Steel Production 6000 Thousand Tonnes May/21
Car Production 3506774 Units | 3506.774 Units 2020
Industrial Production (MoM) -0.7 % May/21


Business Indicators

Indicator Data Period
Bankruptcies 23 companies Jun/21
Business Confidence 98 index points Jun/21
Corruption Index 61 index points 2020
Corruption Rank 33 place 2020
Ease of Doing Business 5 place 2019
Manufacturing PMI 53.9 index points Jun/21
Manufacturing Production 16 % May/21
Competitiveness Index 79.62 Index Points 2019
Competitiveness Rank 13 2019
Leading Economic Index  127 Index Points May/21


Consumer Indicators

Indicator Data Period
Consumer Confidence 110 index points Jun/21
Private Debt To GDP 253 % 2019
Retail Sales MoM -1.8 % May/21
Retail Sales YoY 3.1 % May/21
Consumer Credit 1764998 KRW Billion | 1552.067 USD Billion 1Q/21
Consumer Spending 212176 KRW Billion | 186.579 USD Billion 1Q/21
Disposable Personal Income 1938679 KRW Billion | 1704.795 B USD 2020
Households Debt To GDP 104 % 4Q/20


Housing Market

Indicator Data Period
Construction Output -7.6 % May/21


Gold Reserves
gold_reserve_icon
104
Tonnes
#35 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
454.11
USD Billion
#9 from 114 countries


Government Budget Value
balance_icon
-18.007
USD Billion
#104 from 113 countries
Inflation Rate
inflation_icon
2.4
%
#152 from 174 countries


Interest Rate
discount_rate_icon
0.5
%
#125 from 159 countries
Bank Lending Rate
credit_rate_icon
2.72%
#34 from 55 countries


Unemployment Rate
unemployment_icon
3.7
%
#138 from 171 countries
Wages
salary_icon
3682.286
USD/Month
#16 from 82 countries


Retirement Age
man_icon
woman_icon
62
62
men
women
Taxes
company_icon
private_icon
25%
45%
company profits
income of individuals


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