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CompareEconomy.com Comparison of world economies

Compare the economies of the countries

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Economy power of South Korea & Laos

South Korea Flag svg Laos Flag svg

South Korea vs Laos

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South Korea Laos
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World Rank 14 8.38 World Rank 138 1.61
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 The socialist state of Laos is located in Southeast Asia. Interestingly, it is the only landlocked country in this region. The official name of the nation is Lao People's Democratic Republic. With a total land area of 237,955 square kilometers, it has a population of 7.1 million people. Thanks to that, the density of Laos is approximately 26.7 square kilometers. More about Laos

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

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(United States of America (USA))

South Korea Laos
Position in the ranking of countries
GDP [US$] 1,810,955,871,380 18,827,148,509
Percentage of the other

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))

South Korea Laos
Position in the ranking of countries
GNI [US$] 1,831,116,833,541 17,689,912,748
Percentage of the other

Gross national income per capita

Inflation consumer prices (annual %)

International trade (Export, Import)

External balance on goods and services

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(China)

South Korea Laos
Position in the ranking of countries
External balance [US$] 64,807,781,892 -1,380,096,453
Percentage of the other

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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(South Africa)

South Korea Laos
Position in the ranking of countries
Unemployment [%] 3.64 3.64
Percentage of the other

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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(China)

South Korea Laos
Position in the ranking of countries
Population 51,744,876 7,425,057
Percentage of the other

Population growth (annual %)

Density

Gender

Demography