Economic Trivia

South Korea is the most industrialized OECD country.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2019): China, United States, and Japan
Top 3 Exported Goods (2019): Electrical Machinery, Industrial Machinery, and Motor Vehicles & Parts

Top Industries Source: CIA World Factbook

Electronics; Telecommunications; Automobile Production; Chemicals

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $2,046,766,341,230 (2018)
GDP Growth Rate (annual %) 2.668% (2018)
GDP Per Capita, PPP (current international) $39,661 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 14/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 0.383% (2019)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 33.2% (2019)
Real Interest Rate (5 year average %) 3.331% (2018)
Manufacturing, value added (% of GDP) 27.228% (2018)
Current Account Balance (BoP, current US$) $59,971,200,000 (2019)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 28,370,504 (2019)
Employment in Agriculture (% of total employment) 4.879% (2019)
Employment in Industry (% of total employment) 25.128% (2019)
Employment in Services (% of total employment) 69.994% (2019)
Unemployment Rate 4.148% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $631,474,411,832 (2018)
Exports of goods and services (current US$) $712,710,876,079 (2018)
Total Merchandise Trade (% of GDP) 70.399% (2018)
FDI, net inflows (BoP, current US$) $10,565,600,000 (2019)
Commercial Service Exports (current US$) $102,945,100,000 (2018)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, South Korea’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment


  1. The World Bank