According to an analysis on the World Economic Outlook data of the International Monetary Fund (IMF) by Maeil Business Newspaper and Korea Economic Research Institute on Tuesday, Korea’s GDP is projected to reach $1.7 trillion in 2023, which accounts for 1.64 percent of the entire global ...
#21 out of 87 in 2023 More Credit Overview Ranking Details Photos Additional Rankings Recommended ArticlesOverview of South Korea Capital Seoul Region Asia GDP Per Capita, PPP $54,033 GDP $1.71 trillion Population 51,712,619 Area 99,720 SQ.KM More on South Korea The 25 Best Countries in ...
Evolution: GDP growth rate at constant prices South Korea Your browser does not support charts× Evolution: GDP per capita South Korea Your browser does not support charts× GDP South Korea Your browser does not support charts× ‹South Africa - GDP - Gross Domestic Product ...
GDP per capita: 32,422.6 USD (2022) Exports: $705 billion (2022) Statistics Internet users: 97.2% penetration, 50.30 millionUnemployment rate: 2.7% (2023)Urbanisation: 81.5% (2024)Literacy: 98.8% (2024) Conventions Numbering systemArabic numbering system with the comma as decimal ...
According to the 2023 Global Debt Monitor by the Institute of International Finance, Korea has the highest household debt-to-GDP ratio among the 34 assessed states, reaching 102.2% in the first quarter. Despite the debt increase slowdown due to the Bank of Korea raising benchmark interest rates...
As for standard of living, life expectancy at birth in South Korea is among the highest worldwide – South Korea is even mentioned in a recent ranking of the best birthplaces for children. Despite the high population density, South Korea is now one of the countries with the lowest fertility...
Exports [+]2023$632,225.8M Exports % GDP [+]202334.39% Imports [+]2023$642,572.1M Imports % GDP [+]202334.95% Trade balance [+]2023$-10,346.3M Trade balance % GDP [+]2023-0.56% Socio-Demography Global AgeWatch Ranking [+]201560º ...
Total exports of goods and services contributed about 44% to the country’s GDP in 2023. In the past, South Korea's trade policy placed heavy emphasis on import control and export growth promotion. However, the South Korean government has revised its trade policy to a more neutral stance, ...
ranking as the ninth largest in the world, and connecting the capital with other major cities, including Incheon, home to the country’s main airport, and Busan, a port city and strong candidate for the 2030 World Expo. Development has spread across the country, even away from the mainland...
Although South Korea has a population of less than 60 million, it generated a GDP of 1.7 trillion USD in 2023. This is a market with huge potential. At the same time, with the reversal of China-South Korea trade relations and the transformation of South Korea's high-end manufacturing indu...