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South Korea

South Korea : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$524.4 billion (2011 est.)
$422.4 billion (2010 est.)

Exports

$556.5 billion (2011 est.)
$464.3 billion (2010 est.)

Inflation rate (consumer prices)

4% (2011 est.)
2.9% (2010 est.)

Unemployment rate

3.4% (2011 est.)
3.7% (2010 est.)

GDP - per capita (PPP)

$32,100 (2011 est.)
$31,100 (2010 est.)
$29,300 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

6.1% (2010 est.)
0.2% (2009 est.)
2.3% (2008 est.)

Internet users

39.4 million (2009)

Telephones - mobile cellular

50.767 million (2009)

Population growth rate

0.204% (2012 est.)

Population

48,860,500 (July 2012 est.)

Historical background

An independent Korean state or collection of states has existed almost continuously for several millennia.

Between its initial unification in the 7th century - from three predecessor Korean states - until the 20th century, Korea existed as a single country.

It became a Chinese tributary state in 1392 with the formation of the Choson Dynasty.

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South Korea

Economic overview

Since the 1960s, South Korea has achieved an incredible record of growth and global integration to become a high-tech industrialized economy.

Four decades ago, GDP per capita was comparable with levels in the poorer countries of Africa and Asia.

In 2004, South Korea joined the trillion dollar club of world economies, and currently is among the world's 20 largest economies.

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The Economist Intelligence Unit

Country Forecast South Korea April 2016 Updater

Country Forecast South Korea April 2016 Updater

  • $ 635
  • Country report
  • April 2016
  • by The Economist Intelligence Unit

The president, Park Geun-hye, of the ruling Saenuri Party has two years left of her five-year term, which ends in February 2018. The Economist Intelligence Unit expects her to serve a full term in o ...

  • Countries : South Korea, China

ISA

South Korea - ISA Country Report

South Korea - ISA Country Report

  • $ 99
  • Country report
  • January 2017
  • by ISA

This report contains detailed forecasts and analysis for South Korea, including trade and investment analysis, economic forecasts, political risk assessments and demographic trend analysis. Each ISA Country ...

  • Countries : South Korea

Oxford Economics

Country Economic Forecasts > South Korea

Country Economic Forecasts > South Korea

  • $ 163
  • Country report
  • January 2017
  • by Oxford Economics

According to government estimates, GDP growth for Q4 2016 is expected to come in at around 0.3% q/q on a seasonally adjusted basis. This would represent a notable slowdown in momentum after averaging ove ...

  • Countries : South Korea

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