Andorra vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Andorra ranked 165th with $3.2B. By GDP per capita, South Korea and Andorra ranked 33rd vs 24th, respectively.

Gross Domestic Product & Income

Stat	Andorra	South Korea
GDP	$3.2B	$1.6T
GDP growth, 1 year	1.63%	2.7%
GDP growth, 5-years average	N/A	3%
Population	76k	51.5M
GDP per capita	$42k	$31k
GDP per capita growth	1.62%	2.33%
Purchasing Power Parity conversion factor	N/A	860.51
Price level ratio of PPP conversion factor GDP to market exchange rate	N/A	0.78
GDP per capita, PPP adjusted	$37k	$41k
GNI, Atlas method	N/A	$1.6T
GNI per capita	N/A	$31k
GNI, PPP adjusted	N/A	$2.1T
GNI per capita, PPP adjusted	N/A	$40k

Financial system and Human development

Stat	Andorra	South Korea
Income Tax Rate	N/A	42%
Corporate Tax Rate	N/A	25%
Inflation, consumer prices	N/A	1.5%
Inflation, GDP deflator	0.9%	0.3%
Unemployment	N/A	3.8%
Economic Freedom Index	72	74
Personal Freedom Index	8.4	8.84
Human Freedom Index	8.4	8.15
Property Rights Index	N/A	82.5
Judical Effectiveness Index	N/A	61
Business Freedom Index	N/A	90.5
Fiscal Health Index	N/A	96.7
Labor Freedom Index	N/A	56.2
Investment Freedom Index	N/A	70
Financial Freedom Index	N/A	70
Trade Freedom Index	N/A	80
Monetary Freedom Index	N/A	82.1
Government Spending Index	N/A	67.7
Tax Burden Index	N/A	63.9
Government Integrity Index	N/A	67.5
Corruption Perceptions Index	84	57
Life expectancy at birth, years	83	82.6
Suicide mortality rate, per 100,000 people	0.5	26.9
Mortality caused by road traffic injury, per 100,000 people	7.6	9.8
Intentional homicides, per 100,000 people	0	0.6
International tourism, number of arrivals	3M	15.3M

Government debt & reserves

Stat	Andorra	South Korea
Central government debt, % of GDP	N/A	40.7%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	N/A	20.1%
Gross savings, % of GDP	N/A	34.7%
Gross capital formation, % of GDP	N/A	30.2%
Total reserves including gold	N/A	$403.1B
Foreign direct investment net inflows	N/A	$14.5B

Exports, imports and economic structure

Stat	Andorra	South Korea
Exports of goods and services, % of GDP	N/A	44%
Imports of goods and services, % of GDP	N/A	39%
Current account balance (balance of payments)	N/A	$76.4B
Revenue excluding grants, % of GDP	N/A	27.8%
Grants excluding technical cooperation, BoP	N/A	$6.7M
Personal remittances received	N/A	$7.1B
Industry including construction value added, % of GDP	9.9%	35.1%
Agriculture, forestry and fishing value added, % of GDP	0.5%	2%
Charges for the use of intellectual property, payments BoP	N/A	$9.9B
Charges for the use of intellectual property, receipts BoP	N/A	$7.8B
Expense, % of GDP	N/A	25.4%
Government Expenditure, % of GDP	N/A	32.8%