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 2015 Updater

Country Forecast South Korea April 2015 Updater

  • $ 635
  • Country report
  • April 2015
  • by The Economist Intelligence Unit

Park Geun-hye of the ruling Saenuri Party will retain her position as president until her term ends in early 2018, despite various political scandals, including the response to the sinking of the Sewol ...

  • Countries : South Korea

ISA

South Korea - ISA Country Report

South Korea - ISA Country Report

  • $ 99
  • Country report
  • April 2015
  • 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

  • $ 185
  • Country report
  • April 2015
  • by Oxford Economics

Regional trade has been disappointingly sluggish across Asia so far this year. In Q1 Korean exports (in US$) fell by 2.8% on the year and the manufacturing PMI fell to a four-month low of 49.2 in March, ...

  • Countries : South Korea

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