Monday, 27 June 2011

Economy of South Korea

Economy of South Korea
Teheran Ave night.jpg
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
Foreign reserves US$298.806 billion (March 2011)[5]