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Argentina vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Argentina ranked 25th with $519.9B. By GDP 5-years average growth and GDP per capita, South Korea and Argentina ranked 93rd vs 169th and 33rd vs 66th, respectively.

Gross Domestic Product & Income

StatArgentinaSouth Korea
GDP$519.9B$1.6T
GDP growth, 1 year-2.5%2.7%
GDP growth, 5-years average-0.3%3%
Population44.9M51.1M
GDP per capita$12k$31k
GDP per capita growth-3.47%2.33%
Purchasing Power Parity conversion factor15.93860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.570.78
GDP per capita, PPP adjusted$21k$41k
GNI, Atlas method$551.2B$1.6T
GNI per capita$12k$31k
GNI, PPP adjusted$884.2B$2.1T
GNI per capita, PPP adjusted$20k$40k

Financial system and Human development

StatArgentinaSouth Korea
Income Tax Rate35%42%
Corporate Tax Rate30%25%
Inflation, consumer prices34.3%1.5%
Inflation, GDP deflator40.7%0.3%
Unemployment9.5%3.8%
Economic Freedom Index53.174
Personal Freedom Index8.198.84
Human Freedom Index7.18.15
Property Rights Index50.582.5
Judical Effectiveness Index4761
Business Freedom Index60.290.5
Fiscal Health Index24.796.7
Labor Freedom Index46.556.2
Investment Freedom Index5570
Financial Freedom Index6070
Trade Freedom Index69.280
Monetary Freedom Index53.782.1
Government Spending Index50.767.7
Tax Burden Index69.663.9
Government Integrity Index49.767.5
Corruption Perceptions Index4057
Life expectancy at birth, years76.482.6
Suicide mortality rate, per 100,000 people9.226.9
Mortality caused by road traffic injury, per 100,000 people149.8
Intentional homicides, per 100,000 people5.10.6
International tourism, number of arrivals6.9M15.3M

Government debt & reserves

StatArgentinaSouth Korea
Central government debt, % of GDP86.3%40.7%
External debt stocks, % of GNI56.1%N/A
External debt stocks$280.5BN/A
Short-term debt, % of total reserves102.1%N/A
Total debt service, % of exports and primary income45%N/A
Adjusted net savings including particulate emission damage, % of GNI5.4%20.1%
Gross savings, % of GDP15.5%34.7%
Gross capital formation, % of GDP21%30.2%
Total reserves including gold$66.2B$403.1B
Foreign direct investment net inflows$11.9B$14.5B

Exports, imports and economic structure

StatArgentinaSouth Korea
Exports of goods and services, % of GDP14.3%44%
Imports of goods and services, % of GDP16.4%39%
Current account balance (balance of payments)-$27.5B$76.4B
Revenue excluding grants, % of GDP19.4%27.8%
Grants excluding technical cooperation, BoP$30.3M$6.7M
Personal remittances received$515.9M$7.1B
Industry including construction value added, % of GDP23%35.1%
Agriculture, forestry and fishing value added, % of GDP6.1%2%
Charges for the use of intellectual property, payments BoP$2B$9.9B
Charges for the use of intellectual property, receipts BoP$268.3M$7.8B
Expense, % of GDP24.3%25.4%
Government Expenditure, % of GDP40.5%32.8%

Compare with countries close by GDP per capita

Argentina vs

CountryGDP
per capita
Population
Latvia
$18k
1.95M
Uruguay
$17k
3.41M
Trinidad and Tobago
$17k
1.34M
Antigua and Barbuda
$17k
101k
Seychelles
$16k
95.8k
Oman
$16k
3.63M
Hungary
$16k
9.97M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
20.9k
Panama
$16k
3.86M
Poland
$15k
38.5M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.87M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
345k
Equatorial Guinea
$10k
1.22M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7.27M
Brazil
$8.9k
208M
Montenegro
$8.8k
622k

South Korea vs

CountryGDP
per capita
Population
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k
Brunei
$32k
418k
Spain
$30k
46.5M
Malta
$30k
423k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.33M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.6M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.44M
Saint Kitts and Nevis
$19k
54.2k