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 2019 was at about 11.429 US Dollar per capita. In contrast, the GDP in South Korea reached 31.846 US dollars per inhabitant, or 1,646.74 bn US Dollar in the whole country. South Korea is therefore one of the world's largest economies and is currently at rank 12. 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 32.

Inflation in South Korea was in 2020 at around 0.54%. For the the EU, the average of the same was year at 0.51%.

Compared to Germany, the prices for convenience goods are approximately 8.27% lower.
The Corruption Perceptions Index for the public sector counts 61 and is compared to other countries moderate.


Back to overview: South Korea