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CompareEconomy.com Comparison of world economies

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Economy power of Eritrea & South Korea

Eritrea Flag svg South Korea Flag svg

Eritrea vs South Korea

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Eritrea South Korea
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World Rank World Rank 16 7.09
The State of Eritrea is a country situated in the Eastern part of Africa. It has a very extensive coastline thanks to which they can boast with a natural border with the Red Sea. In terms of other nations, they share their land borders with Sudan, Djibouti, and Ethiopia. More about Eritrea 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)

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(United States of America (USA))

Eritrea South Korea
Position in the ranking of countries 163 (2011) 14 (2023)
GDP [US$] 2,065,001,626 1,712,792,854,202
Percentage of the other 0.1 % 82943.9 %

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

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(United States of America (USA))

Eritrea South Korea
Position in the ranking of countries 162 (2011) 12 (2023)
GNI [US$] 2,041,455,160 1,744,702,631,805
Percentage of the other 0.1 % 85463.7 %

Gross national income per capita

Inflation consumer prices (annual %)

International trade (Export, Import)

External balance on goods and services

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(China)

Eritrea South Korea
Position in the ranking of countries 77 (2011) 53 (2023)
External balance [US$] -228,887,167 884,838,156
Percentage of the other -25.9 % -386.6 %

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)

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(Eswatini)

Eritrea South Korea
Position in the ranking of countries 77 (2011) 53 (2023)
Unemployment [%] 5.55 2.60
Percentage of the other 213.5 % 46.8 %

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)

Eritrea South Korea
Position in the ranking of countries 128 (2023) 28 (2023)
Population 3,470,390 51,712,619
Percentage of the other 6.7 % 1490.1 %

Population growth (annual %)

Density

Gender

Demography