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The Bahamas vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while the Bahamas ranked 137th with $12.4B. By GDP 5-years average growth and GDP per capita, South Korea and the Bahamas ranked 93rd vs 160th and 33rd vs 31st, respectively.

Gross Domestic Product & Income

StatBahamasSouth Korea
GDP$12.4B$1.6T
GDP growth, 1 year2.3%2.7%
GDP growth, 5-years average0.6%3%
Population377k51.1M
GDP per capita$32k$31k
GDP per capita growth0.54%2.33%
Purchasing Power Parity conversion factor1860.51
Price level ratio of PPP conversion factor GDP to market exchange rate10.78
GDP per capita, PPP adjusted$33k$41k
GNI, Atlas method$11.8B$1.6T
GNI per capita$31k$31k
GNI, PPP adjusted$11.7B$2.1T
GNI per capita, PPP adjusted$30k$40k

Financial system and Human development

StatBahamasSouth Korea
Income Tax Rate0%42%
Corporate Tax Rate0%25%
Inflation, consumer prices2.2%1.5%
Inflation, GDP deflator0.7%0.3%
Unemployment11.9%3.8%
Economic Freedom Index64.574
Personal Freedom Index8.328.84
Human Freedom Index7.978.15
Property Rights Index54.982.5
Judical Effectiveness Index46.461
Business Freedom Index6990.5
Fiscal Health Index69.296.7
Labor Freedom Index7056.2
Investment Freedom Index5070
Financial Freedom Index6070
Trade Freedom Index47.880
Monetary Freedom Index76.382.1
Government Spending Index87.467.7
Tax Burden Index96.863.9
Government Integrity Index4667.5
Corruption Perceptions Index6557
Life expectancy at birth, years73.682.6
Suicide mortality rate, per 100,000 people1.726.9
Mortality caused by road traffic injury, per 100,000 people13.89.8
Intentional homicides, per 100,000 people30.90.6
International tourism, number of arrivals1.6M15.3M

Government debt & reserves

StatBahamasSouth Korea
Central government debt, % of GDP61%40.7%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI7.1%20.1%
Gross savings, % of GDP12.7%34.7%
Gross capital formation, % of GDP24.5%30.2%
Total reserves including gold$1.4B$403.1B
Foreign direct investment net inflows$491.4M$14.5B

Exports, imports and economic structure

StatBahamasSouth Korea
Exports of goods and services, % of GDP36.1%44%
Imports of goods and services, % of GDP41.3%39%
Current account balance (balance of payments)-$1.5B$76.4B
Revenue excluding grants, % of GDP16.4%27.8%
Grants excluding technical cooperation, BoP$1.7M$6.7M
Personal remittances receivedN/A$7.1B
Industry including construction value added, % of GDP13%35.1%
Agriculture, forestry and fishing value added, % of GDP0.9%2%
Charges for the use of intellectual property, payments BoP$10.3M$9.9B
Charges for the use of intellectual property, receipts BoPN/A$7.8B
Expense, % of GDP17.9%25.4%
Government Expenditure, % of GDP20.5%32.8%

Compare with countries close by GDP per capita

Bahamas vs

CountryGDP
per capita
Population
Austria
$51k
8.81M
Finland
$50k
5.5M
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
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

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
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
Lithuania
$19k
2.79M