Compare the economies of the countries

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Economy power of Australia & South Korea

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Australia vs South Korea

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Australia South Korea
World map with selected countries highlighted.
Australia is the nation that is at the same time the entire continent. It is the only country that covers the land of the entire continent. The name of the nation came from the latin Terra Australis, which was basically the name for the Southern Earth. At this moment it is one of the largest federations in the world with an official language being English. Interestingly, though the head of the government is Scott Morrison, the head of the nation is Queen Elizabeth II. On her behalf, the nation is run by David Hurley. More about Australia South Korea is officially recognized as the Republic of Korea (ROK). It is a highly developed country located in East Asia, in the Korean Peninsula. As we can guess, it takes the southern part of the region and shares a border with only one nation, namely North Korea. The capital city of Seoul is the largest city in the country and the fifth-largest metropolitan area in the entire world. It is important to notice that the land area of South Korea is very limited and because of its large population, they are one of the most densely populated nations in the world. More about South Korea

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

Australia South Korea
Position in the ranking of countries 13 (2023) 14 (2023)
GDP [US$] 1,728,057,316,695 1,712,792,854,202
Percentage of the other 100.9 % 99.1 %

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

Gross national income (GNI, Inflation)

Gross national income

Australia South Korea
Position in the ranking of countries 14 (2023) 12 (2023)
GNI [US$] 1,653,703,105,439 1,744,702,631,805
Percentage of the other 94.8 % 105.5 %

Gross national income per capita

Inflation consumer prices (annual %)

International trade (Export, Import)

External balance on goods and services

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(China)

Australia South Korea
Position in the ranking of countries 10 (2023) 53 (2023)
External balance [US$] 75,573,099,651 884,838,156
Percentage of the other 8540.9 % 1.2 %

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

Australia South Korea
Position in the ranking of countries 10 (2023) 53 (2023)
Unemployment [%] 4.07 2.60
Percentage of the other 156.5 % 63.9 %

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)

Population (total, growth, density, demgraphy)

Total population

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(India)

Australia South Korea
Position in the ranking of countries 52 (2023) 28 (2023)
Population 26,658,948 51,712,619
Percentage of the other 51.6 % 194 %

Population growth (annual %)

Density

Gender

Demography