Economy of South Korea

Economy of South Korea
Rank	15th (nominal) / 12th (PPP)
Currency	South Korean Won (KRW)
Trade organisations	APEC, WTO, OECD, G-20
Statistics
GDP	PPP: $1.423 trillion (2010 est.) Nominal: $986.3 billion (2010 est.)
GDP growth	6.1% (2010 est.)
GDP per capita	PPP: $30,200 (2010 est.) Nominal: $20,265 (2010 est.)
GDP by sector	agriculture (3.0%), industry (39.4%), services (57.6%) (2008 est.)
Inflation (CPI)	3% (2010 est.)
Population below poverty line	2% (2004 est.)
Gini index	31.4 (2009)
Labour force	24.62 million (2010 est.)
Labour force by occupation	agriculture: 7.3%; industry: 24.3%; services: 68.4% (2010 est.)
Unemployment	3.3% (2010 est.)
Main industries	electronics, telecommunications, automobile production, chemicals, shipbuilding, steel
Ease of Doing Business Rank	16th[1]
External
Exports	$466.3 billion (6th; 2010 est.)
Export goods	semiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships, petrochemicals
Main export partners	China 23.2%, United States 10.1%, Japan 5.8%, Hong Kong 5.3% (2009 est.)
Imports	$417.9 billion (8th; 2010 est.)
Import goods	machinery, electronics and electronic equipment, oil, steel, transport equipment, organic chemicals, plastics
Main import partners	China 16.8%, Japan 15.3%, United States 9%, Saudi Arabia 6.1%, Australia 4.6% (2009 est.)
FDI stock	abroad: $115.6 billion (31 December 2009)
Gross external debt	$370.1 billion (31 December 2010 est.)
Public finances
Public debt	23.7% of GDP (2010 est.)
Revenues	$248.3 billion (2010 est.)
Expenses	$267.3 billion (2010 est.)
Economic aid	ODA, $900 million (donor) (2009)[2] aid to North Korea excluded
Credit rating	Standard & Poor's:[3] A+ (Domestic) A (Foreign) AA- (T&C Assessment) Outlook: Stable[4] Moody's:[4] A1 Outlook: Stable Fitch:[4] A+ Outlook: Stable
Foreign reserves	US$298.806 billion (March 2011)[5]