Bhutan vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Bhutan ranked 172nd with $2.4B. By GDP 5-years average growth and GDP per capita, South Korea and Bhutan ranked 93rd vs 23rd and 33rd vs 129th, respectively.

Gross Domestic Product & Income

StatBhutanSouth Korea
GDP$2.4B$1.6T
GDP growth, 1 year5.8%2.7%
GDP growth, 5-years average6.1%3%
Population808k51.5M
GDP per capita$3.2k$31k
GDP per capita growth1.82%2.33%
Purchasing Power Parity conversion factor21.81860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.320.78
GDP per capita, PPP adjusted$9.5k$41k
GNI, Atlas method$2.2B$1.6T
GNI per capita$3k$31k
GNI, PPP adjusted$7B$2.1T
GNI per capita, PPP adjusted$9.3k$40k

Financial system and Human development

StatBhutanSouth Korea
Income Tax Rate25%42%
Corporate Tax Rate30%25%
Inflation, consumer prices3.6%1.5%
Inflation, GDP deflator1.8%0.3%
Unemployment2.2%3.8%
Economic Freedom Index62.174
Personal Freedom Index6.98.84
Human Freedom Index6.858.15
Property Rights Index69.982.5
Judical Effectiveness Index46.461
Business Freedom Index68.290.5
Fiscal Health Index74.896.7
Labor Freedom Index79.456.2
Investment Freedom Index2070
Financial Freedom Index3070
Trade Freedom Index79.480
Monetary Freedom Index71.682.1
Government Spending Index71.167.7
Tax Burden Index82.963.9
Government Integrity Index51.267.5
Corruption Perceptions Index6857
Life expectancy at birth, years71.182.6
Suicide mortality rate, per 100,000 people11.426.9
Mortality caused by road traffic injury, per 100,000 people17.49.8
Intentional homicides, per 100,000 people1.60.6
International tourism, number of arrivals274k15.3M

Government debt & reserves

StatBhutanSouth Korea
Central government debt, % of GDP102.6%40.7%
External debt stocks, % of GNI109.2%N/A
External debt stocks$2.5BN/A
Short-term debt, % of total reserves0.4%N/A
Total debt service, % of exports and primary income10.7%N/A
Adjusted net savings including particulate emission damage, % of GNI23.3%20.1%
Gross savings, % of GDP21.6%34.7%
Gross capital formation, % of GDP47.5%30.2%
Total reserves including gold$987.2M$403.1B
Foreign direct investment net inflows$2.6M$14.5B

Exports, imports and economic structure

StatBhutanSouth Korea
Exports of goods and services, % of GDP30.8%44%
Imports of goods and services, % of GDP55.9%39%
Current account balance (balance of payments)-$497.6M$76.4B
Revenue excluding grants, % of GDP18.5%27.8%
Grants excluding technical cooperation, BoP$49.2M$6.7M
Personal remittances received$58.1M$7.1B
Industry including construction value added, % of GDP38.3%35.1%
Agriculture, forestry and fishing value added, % of GDP15.9%2%
Charges for the use of intellectual property, payments BoP$304k$9.9B
Charges for the use of intellectual property, receipts BoP$11k$7.8B
Expense, % of GDP18.5%25.4%
Government Expenditure, % of GDP31.1%32.8%

Compare with countries close by GDP per capita

Bhutan vs

CountryGDP
per capita
Population
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M

South Korea vs

CountryGDP
per capita
Population
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k