Indicators of economy in South Korea

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in South Korea, on the other hand, reached USD 34.758 per capita, or 1,798.53 billion USD in the whole country. South Korea is therefore one of the world's largest economies and is currently at rank 10. If this is calculated per inhabitant taking into account the purchasing power parity, then South Korea is in the list of the world's richest countries in place 26.

Inflation in South Korea was in 2021 at around 2.50%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 13.0% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


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