Indicators of economy in South Korea

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in South Korea, on the other hand, reached USD 34,998 per capita, or 1.811 trillion USD for 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 purchasing power parity into account, then South Korea ranks 29th in the list of the richest countries.

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

Compared with the USA, prices for daily consumer goods are around 13.0 percent lower.
The index for perceived corruption in the public sector is 62, which is rather mediocre by global standards.


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