South Korea

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Economic Indicators

Economic forecasts - General economic indicators - Investments - Foreign trade

Economic forecasts

Indicators 2007 2008
GDP (USD billion) 949.698 1006.129
GDP (constant prices, annual % change) 4.8 4.6
GDP per capita (USD) 19 624 20 749
Inflation rate (consumer prices, annual % change) 2.6 2.7

Source : IMF - World Economic Outlook Database

General economic indicators

Indicators 2004 2005 2006
GDP (USD billion)(1) 681.227 791.572 888.267
GDP (constants prices, annual % change)(1) 4.7 4.2 5
GPD per capita (USD)(1) 14180.589 16443.764 18391.681
Inflation (consumer prices, annual % change)(1) 3.6 2.8 2.2
Unemployment rate (%)(2) 3.7 3.7 3.5
External debt (USD billion)(3) .. .. ..
Official exchange rate per USD (period average)(3) 1145.32 1024.12 954.79

Source : (1) IMF - World Economic Outlook Database,
(2) ILO - Key Indicators of the Labour Market, (3) World Bank - World Development Indicators

GDP per activity sector 2004 2005 2006
Agriculture and fishing (%) 3.78 3.41 3.25
Industry and mining (%) 40.66 40.27 39.60
Services (%) 55.56 56.32 57.15

Source : World Bank - World Development Indicators

Investments

Foreign Direct Investments 2004 2005 2006 World rank (*)
2006
FDI inflows (USD million) 8,980 7,050 4,950 123/141

Source : UNCTAD - World Investment Report
Note : (*) World Rank = UNCTAD Inward FDI Performance Index.
It is a measure of the extend to which a host country receives inward FDI relative to its economic size.
It is calculated as a ratio of the country's share in global FDI inflows to its share in global GDP.

Foreign Trade

General indicators

Indicators (USD billion) 2004 2005 2006
Imports of goods 220,141.3 256,287.2 302,631.1
Exports of goods 257,710.1 288,979.4 331,844.8
Trade balance 37,568.8 32,692.2 29,213.7
Current account 28.17 14.97 6.09

Source : World Bank - World Development Indicators

Indicators (%) 2004 2005 2006
Share of foreign trade in GDP 83.7 82.2 85.3
Share of imports of goods and services in GDP 39.73 39.91 42.12
Share of exports of goods and services in GDP 43.99 42.27 43.23
Imports of goods and services (annual % change) 13.89 7.25 11.35
Exports of goods and services (annual % change) 19.57 12.39 8.54

Source : World Bank - World Development Indicators

Trade in goods/services by major category

2005 Imports Exports
Total Trade in Goods (USD billion): 256,287.2 288,979.4
Agricultural raw materials 2.2 0.8
Food products 5 1.2
Hydrocarbons 22.3 4.1
Manufactured products (chemicals, machines,...) 63.4 92.2
Ores and metals 6.9 1.7

Source : World Bank - World Development Indicators

2005 Imports Exports
Total Trade in Services (USD billion): 49.6 40
Transport 36.1 56
Tourism 24.1 14.3

Source : World Bank - World Development Indicators

Trade Data, by HS Code
Import Statistics Export Statistics

Source : www.intracen.org, last available data

Trade by partner countries

Main Customers
(% of exports)
 
China 21,30%
USA 13,30%
Japan 8,20%
Hong Kong 5,80%
Main suppliers
(% of imports)
 
Japan 16,80%
China 15,70%
USA 10,90%
Saudi Arabia 6,60%
United Arab Emirates 4,20%

Source : Comtrade, 2006.

Export Entreprises SA
Last update : January 2008
Next update : October 2008