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  3. South Korea

Economy of South Korea. Statistics, Data and Indicators

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


South Korea Major Economic Indicators

Indicator Data Period
GDP Value 1690 USD Billion 2019
GDP Annual Growth Rate 2.3 % 4Q/19
GDP Growth Rate 1.3 % 4Q/19
GDP per capita 26762 USD 2018
Inflation Rate YoY 1.1 % Feb/20
Interest Rate 0.75 % Mar/20
Unemployment Rate 3.3 % Feb/20
Wages 3806684 KRW/Month | 3106.322 USD/Month 4Q/19
Balance of Trade 4115 USD Million | 4.115 B USD Feb/20
Current Account 1006 USD Million | 1.006 B USD Jan/20
Foreign Exchange Reserves 409170 USD Million | 409.17 B USD Feb/20


GDP
vvp
1690
USD Billion
#14 from 174 countries
GDP per capita
vvp
26762
USD
#35 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 1690 USD Billion 2019
GDP Annual Growth Rate 2.3 % 4Q/19
GDP Growth Rate 1.3 % 4Q/19
GDP per capita 26762 USD 2018
Gross National Product 477884 KRW Billion | 389.962 USD Billion 4Q/19
GDP Constant Prices 467045 KRW Billion | 381.117 B USD 4Q/19
GDP per capita PPP 36776 USD 2018
GDP From Agriculture  8403 KRW Billion | 6.857 B USD 4Q/19
GDP From Construction  22160 KRW Billion | 18.083 B USD 4Q/19
GDP From Manufacturing  125987 KRW Billion | 102.808 B USD 4Q/19
GDP From Mining  499 KRW Billion | 0.407 B USD 4Q/19
GDP From Public Administration  27296 KRW Billion | 22.274 B USD 4Q/19
GDP From Services  260085 KRW Billion | 212.234 B USD 4Q/19
GDP From Transport  15649 KRW Billion | 12.77 B USD 4Q/19
GDP From Utilities  11529 KRW Billion | 9.408 B USD 4Q/19


Budget Indicators

Indicator Data Period
Government Debt to GDP 36.6 % 2018
Government Budget Value 306 KRW Billion | 0.25 USD Billion Jan/20
Government Spending 78782 KRW Billion | 64.288 USD Billion 4Q/19
Government Revenues 49003 KRW Billion | 39.987 USD Billion Jan/20
Fiscal Expenditure  48698 KRW Billion | 39.738 B USD Jan/20
Government Budget to GDP -1.6 % 2018
Government Spending to GDP 30.27 % 2017
Military Expenditure 41157 USD Million | 41.157 B USD 2018


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 106 index points Feb/20
Export Prices 97.9 index points Feb/20
Food Inflation 0.7 % Feb/20
Gasoline Prices 1.16 USD/Liter Mar/20
GDP Deflator 102 index points 4Q/19
Import Prices 107 index points Feb/20
Inflation Rate YoY 1.1 % Feb/20
Producer Prices 104 index points Feb/20
Inflation Rate Mom 0 % Feb/20
Core Consumer Prices 106 Index Points Feb/20
Core Inflation Rate 0.6 % Feb/20
CPI Housing Utilities 104 Index Points Feb/20
CPI Transportation 105 Index Points Feb/20
Inflation Expectations 1.7 % Mar/20
Producer Prices Change  0.7 % Feb/20


Trade Indicators

Indicator Data Period
Current Account to GDP 4.7 % 2018
Weapons Sales 1083 USD Million 2018
Balance of Trade 4115 USD Million | 4.115 USD Billion Feb/20
Capital Flows 2538 USD Million | 2.538 USD Billion Jan/20
Current Account 1006 USD Million | 1.006 USD Billion Jan/20
Exports 41262 USD Million | 41.262 USD Billion Feb/20
External Debt 466979 USD Million | 466.979 USD Billion 4Q/19
Foreign Exchange Reserves 409170 USD Million | 409.17 USD Billion Feb/20
Imports 37147 USD Million | 37.147 USD Billion Feb/20
Terms of Trade  89.7 Index Points Dec/19
Tourism Revenues  1883000 USD Million | 1883 B USD Dec/19
Tourist Arrivals 685212 Persons | 0.685 Million Persons Feb/20


Money Indicators

Indicator Data Period
Bank Lending Rate 3.19 % Jan/20
Gold Reserves 104 Tonnes 4Q/19
Interbank Rate 1.16 % Mar/20
Interest Rate 0.75 % Mar/20
Loans to Private Sector 8826264 KRW HML | 720.239 USD Billion Feb/20
Money Supply M0 119056704 KRW Million | 97.152 USD Billion Jan/20
Money Supply M1 939625 KRW Billion | 766.751 USD Billion Jan/20
Money Supply M2 2926410 KRW Billion | 2388.002 USD Billion Jan/20
Money Supply M3 4147954 KRW Billion | 3384.804 USD Billion Jan/20
Central Bank Balance Sheet 491487 KRW Billion | 401.062 B USD Jan/20
Deposit Interest Rate 1.69 % Dec/19
Foreign Direct Investment 9844064 USD Thousand | 9.844 B USD 4Q/19


Labor Indicators

Indicator Data Period
Minimum Wages 8590 KRW/Hour | 1121.535 USD/Month 2020
Retirement Age Men 60 2018
Retirement Age Women 60 2018
Unemployment Rate 3.3 % Feb/20
Wages 3806684 KRW/Month | 3106.322 USD/Month 4Q/19
Youth Unemployment Rate 9 % Feb/20
Employed Persons 27522 Thousand Person | 27.522 Million Person Feb/20
Employment Rate  60 % Jan/20
Labor Force Participation Rate 62.6 % Feb/20
Unemployed Persons 927 Thousand Persons | 0.927 Million Persons Feb/20
Wages in Manufacturing 4149388 KRW/Month | 3385.974 USD/Month 4Q/19


Taxes

Indicator Data Period
Corporate Tax Rate 25 % 2020
Personal Income Tax Rate 42 % 2019
Sales Tax Rate 10 % 2020
Social Security Rate 18.81 % 2018
Social Security Rate For Companies 10.4 % 2018
Social Security Rate For Employees 8.41 % 2018


Production Indicators

Indicator Data Period
Electricity Production 23536 GWh Jan/20
Industrial Production -2.4 % Jan/20
Mining Production -6.5 % Jan/20
Steel Production 5380 Thousand Tonnes Feb/20
Car Production 3950617 Units | 3950.617 Units 2019
Industrial Production (MoM) -1.3 % Jan/20


Business Indicators

Indicator Data Period
Bankruptcies 20 companies Feb/20
Business Confidence 65 index points Feb/20
Corruption Index 59 index points 2019
Corruption Rank 39 place 2019
Ease of Doing Business 5 place 2019
Manufacturing PMI 48.7 index points Feb/20
Manufacturing Production -2.2 % Jan/20
Competitiveness Index 79.62 Index Points 2019
Competitiveness Rank 13 2019
Leading Economic Index  119 Index Points Jan/20


Consumer Indicators

Indicator Data Period
Consumer Confidence 78.4 index points Mar/20
Private Debt To GDP 261 % 2018
Retail Sales MoM -3.1 % Jan/20
Retail Sales YoY 1.8 % Jan/20
Consumer Credit 1600132 KRW Billion | 1305.736 USD Billion 4Q/19
Consumer Spending 223925 KRW Billion | 182.727 USD Billion 4Q/19
Disposable Personal Income 1925873 KRW Billion | 1571.547 B USD 2019
Households Debt To GDP 93.9 % 3Q/19


Housing Market

Indicator Data Period
Construction Output -4.8 % Jan/20


Gold Reserves
gold_reserve_icon
104
Tonnes
#35 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
409.17
USD Billion
#9 from 114 countries


Government Budget Value
balance_icon
0.25
USD Billion
#104 from 113 countries
Inflation Rate
inflation_icon
1.1
%
#152 from 174 countries


Interest Rate
discount_rate_icon
0.75
%
#125 from 159 countries
Bank Lending Rate
credit_rate_icon
3.19%
#34 from 55 countries


Unemployment Rate
unemployment_icon
3.3
%
#138 from 171 countries
Wages
salary_icon
3106.322
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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