Wednesday, January 15, 2014

Rank and Economy

The rank of South Korea from the poorest is 149th and from the richest is 51. The gdp per capita using atlas method in 2003 is 12,030 $. The rank in other methods IMF, WB, and CIA using nominal methods in 2007,2007,and 2008
IMF................................................WB..................................................CIA
rank/measure..............................rank/measure...................................rank/measure
33/20,015................................28/19,883..........................................35/19/836

                                                                                           Rank 15th (nominal) / 12th (PPP)


Currency South Korean Won (KRW)

Fiscal year calendar year

Trade organisations APEC, WTO, OECD, G-20

Statistics

GDP Nominal: $1.130 trillion (2012),

PPP: $1.554 trillion (2012)

GDP growth 2.1% (2012)

GDP per capita $32,020 (PPP, 2012 est.)

GDP by sector Agriculture: 2.6%, industry: 39.2%, services: 58.2% (2010)

Inflation (CPI) 4.2% (2011 est.)

Population

below poverty line 15% (2006 est.)[1]

Gini coefficient 31.0 (2010)

Labour force 25.18 million (2012 est.)

Labour force

by occupation Agriculture: 6.4%, industry: 24.2%, services: 69.4% (2011 est.)

Unemployment 3.8% (2012 est.)

Main industries Electronics, telecommunications, automobile production, chemicals, shipbuilding, steel

Ease of doing business rank 8th[2]

External

Exports $548.2 billion (7th; 2012 est.)

Export goods semiconductors, wireless telecommunications equipment, motor vehicles, computers, steel, ships, petrochemicals

Main export partners China 24.4%

United States 10.1%

Japan 7.1% (2011 est.)[3]

Imports $520.5 billion (8th; 2012 est.)

Import goods machinery, electronics and electronic equipment, oil, steel, transport equipment, organic chemicals, plastics

Main import partners China 16.5%

Japan 13.0%

United States 8.5%

Saudi Arabia 7.1%

Australia 5.0% (2011 est.)[4]

FDI stock abroad: $190.4 billion (31 December 2011)

Gross external debt $397.3 billion (31 December 2011 est.). Seoul dusk2.jpg