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CompareEconomy.com Comparison of world economies

South Korea

World Rank 14 8.38 South Korea flag svg
Capital
Area
Currency
Seoul
100,363 km 2
Korean Republic won (KRW)

Table of Contents

Introduction

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.

Economy

If we include Purchasing Power Parity, then the GDP of the ROK is estimated at around $2.23 trillion. As a result, it is the fourth largest economy in the region after China, Japan, and Indonesia.  We should also remember about its considerable GDP per capita, which is much higher than the average for the region of East Asia and Pacific. $43,143 per citizen gives them 8th place in the region overall or fourth if we exclude the micro-states and particular administrative regions.

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

  • Last
  • Historical chart
#10 (2021)
1,810,955,871,380 US$

List of countries by GDP

(United States of America (USA))

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

International trade (Export, Import)

External balance on goods and services

  • Last
  • Historical chart
#10 (2021)
64,807,781,892 US$

List of countries by external balance on goods and services

(China)

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)

  • Last
  • Historical chart
#141 (2021)
3.64 %

List of countries by unemployment

(South Africa)

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)