Source
Central bank

Bank of Korea

International Reserves

USD 363.3 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 1,521.0 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 2,029.9 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
5.2% 5.5% 2.8% 0.7% 6.5% 3.7% 2.3%
2013 2014 2015 2016* 2017*    
2.9% 3.3% 2.6% 2.7% 3%    

*Estimate

GDP per capita - current prices

USD 29,806.2 (2017, estimate)

GDP per capita - PPP

Intl$ 39,778.1 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.69% 1.26% 1.59% 1.69% 1.6%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 2.3% 
  • industry: 37.6% 
  • services: 60.2%
  • (2016 estimate)
Gross domestic expenditure on R&D; (% of GDP)

4.3% (2014)

OECD, data retrieved January 2017

Inflation
2013 2014 2015 2016* 2017*
1.3% 1.3% 0.7% 1.0% 1.9%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
3.1% 3.5% 3.6% 3.6% 3.3%

*Estimate

Household saving rates

7.2% (Total, 2014)

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
33.8% 35.9% 37.9% 38.9% 39.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
0.7% 0.4% 0.3% 0.8% 1.1%

*Estimate

Government bond ratings

Standard & Poor's: AA

Moody's: Aa2

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
USD 1234.5 billion USD 1212.8 billion USD 1231.2 billion
Largest companies in Korea, South

Samsung Electronics, Korea Electric Power, Hyundai Motor, SK Holdings, Shinhan Financial Group, Samsung Life Insurance, KIA Motors, Hyundai Mobis, KB Financial Group, Cheil Industries, SK Hynix, Samsung Fire & Marine, SK Innovation, SK Telecom, LG Chem, Posco, Woori Bank, Hana Financial Group, Industrial Bank of Korea, LG Display, Hyundai Steel, LG Electronics, Hyundai Heavy Industries, KT Corp, LG Corp, Hanwha Corp, Lotte Shopping, S-Oil, Lotte Chemical, Korea Gas, Dongbu Insurance, Doosan, GS Holdings, Hyundai Engineering, KT&G, CJ Corp, Amorepacific, BS Financial Group, Samsung SDS, Hyundai Marine & Fire, E-mart, Hyosung, Naver, LG Household & Health Care, DSME, Korean Air, Hyundai Glovis, Meritz Financial Group, Entermate, LIG Insurance, Hankook Tire, Samsung SDI, Korea Zinc, Samsung Heavy Industries, CJ Cheiljedang, LG Uplus, SK Networks, DGB Financial Group, Pacific Corp, Korea Investment Holdings, NH Investment & Securities, GS Engineering, Daewoo Securities, JB Financial Group, LG International, Kangwon Land, Hanwha Chemical.

 
 
Source
Current account balance

US$ 57.276 billion (2014 estimate)

Current account balance by percentage of GDP

4.379% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

53.9% (2013)

(Data released on Oct 2014)

Shares in world total merchandising export

2.98% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

2.52% (2012)

(Data were released in 2014)

Total exports

US$557.3 billion (2013 estimate) 

Export commodities

minerals, metallurgical products, manufactures (including armaments), textiles, agricultural and fishery products

Total imports

US$516.6 billion (2013 estimate) 

 
 
Source
Import commodities

machinery, electronics and electronic equipment, oil, steel, optical instruments, transport equipment, organic chemicals, plastics

Exports - major partners

China 24.5%, US 10.7%, Japan 7.1%, Hong Kong 6%, Singapore 4.2% (2012 est.)

Imports - major partners

China 15.6%, Japan 12.4%, US 8.3%, Saudi Arabia 7.6%, Qatar 4.9%, Australia 4.4% (2011 est.)

FDI inflows
2011 2012 2013
US$ 9,773 million US$ 9,496 million US$ 12,221 million
FDI outflows
2011 2012 2013  
US$ 29,705 million US$ 30,632 million US$ 29,172 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ 9,952 million US$ 4,574 million US$5,754 million US$ 3,765 million
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

Hana Financial Group Inc, Lone Star Funds, United States, 3.5; Investor Group, Hancock Prospecting Pty Ltd, Australia, 3.3

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 7 out of 189 countries (2013)

Subcategories:

Starting a business: 34 out of 189 countries

Enforcing Contracts: 2 out of 189 countries

Registering Property: 75 out of 189 countries

Getting credit: 13 out of 189 countries

Protecting investors: 52 out of 189 countries

Trading across border: 3 out of 189 countries

Paying Taxes: 25 out of 189 countries

Dealing with Construction Permits: 18 out of 189 countries

Getting Electricity: 2 out of 189 countries

Resolving Insolvency: 15 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

26

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 31 Score: 71.2 (Mostly Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+9

Total area

 99,720 sq km

Capital

Seoul

Currency

South Korean won (KRW)

Government type

republic

Languages

Korean, English (widely taught in junior high and high school)

Religions

Christian 31.6% (Protestant 24%, Roman Catholic 7.6%), Buddhist 24.2%, other or unknown 0.9%, none 43.3% (2010 survey)

Total population
1990 2000 2010 2014* 2019**
42.869 million 47.008 million 49.41 million 50.437 million 51.536 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
27.7% 57% 80% 82%
Population median age

 40.2 years (2014 est.)

Population growth rate

0.16% (2014 est.)

 

Life expectancy

79.8 years (2014 estimate)

Adult literacy

97.9% (2002)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 2
Civil Liberties: 2 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 61.6%   Mobile 111.0% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

84.77% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Seoul 14th (2014)

CO2 emissions(Metric tons of CO2 per capita)

11.5 (2010)

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