Brazil vs South Korea: Economic Indicators Comparison
Brazil with a GDP of $1.9T ranked the 9th largest economy in the world, while South Korea ranked 12th with $1.6T. By GDP 5-years average growth and GDP per capita, Brazil and South Korea ranked 171st vs 93rd and 80th vs 33rd, respectively.
Gross Domestic Product & Income
| Stat |  Brazil |  South Korea |
|---|---|---|
| GDP | $1.9T | $1.6T |
| GDP growth, 1 year | 1.1% | 2.7% |
| GDP growth, 5-years average | -0.8% | 3% |
| Population | 210.1M | 51.5M |
| GDP per capita | $8.9k | $31k |
| GDP per capita growth | 0.33% | 2.33% |
| Purchasing Power Parity conversion factor | 2.02 | 860.51 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.55 | 0.78 |
| GDP per capita, PPP adjusted | $16k | $41k |
| GNI, Atlas method | $1.9T | $1.6T |
| GNI per capita | $9.1k | $31k |
| GNI, PPP adjusted | $3.3T | $2.1T |
| GNI per capita, PPP adjusted | $16k | $40k |
Financial system and Human development
| Stat | Brazil | South Korea |
|---|---|---|
| Income Tax Rate | 27.5% | 42% |
| Corporate Tax Rate | 34% | 25% |
| Inflation, consumer prices | 3.7% | 1.5% |
| Inflation, GDP deflator | 3% | 0.3% |
| Unemployment | 12.5% | 3.8% |
| Economic Freedom Index | 53.7 | 74 |
| Personal Freedom Index | 7.72 | 8.84 |
| Human Freedom Index | 7.05 | 8.15 |
| Property Rights Index | 57.3 | 82.5 |
| Judical Effectiveness Index | 46.7 | 61 |
| Business Freedom Index | 60.5 | 90.5 |
| Fiscal Health Index | 4.6 | 96.7 |
| Labor Freedom Index | 49.5 | 56.2 |
| Investment Freedom Index | 60 | 70 |
| Financial Freedom Index | 50 | 70 |
| Trade Freedom Index | 67.8 | 80 |
| Monetary Freedom Index | 77.2 | 82.1 |
| Government Spending Index | 54.6 | 67.7 |
| Tax Burden Index | 70.4 | 63.9 |
| Government Integrity Index | 45.6 | 67.5 |
| Corruption Perceptions Index | 35 | 57 |
| Life expectancy at birth, years | 75.5 | 82.6 |
| Suicide mortality rate, per 100,000 people | 6.5 | 26.9 |
| Mortality caused by road traffic injury, per 100,000 people | 19.7 | 9.8 |
| Intentional homicides, per 100,000 people | 30.5 | 0.6 |
| International tourism, number of arrivals | 6.6M | 15.3M |
Government debt & reserves
| Stat | Brazil | South Korea |
|---|---|---|
| Central government debt, % of GDP | 87.9% | 40.7% |
| External debt stocks, % of GNI | 30.3% | N/A |
| External debt stocks | $557.8B | N/A |
| Short-term debt, % of total reserves | 17.8% | N/A |
| Total debt service, % of exports and primary income | 31.7% | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | 6.1% | 20.1% |
| Gross savings, % of GDP | 14.4% | 34.7% |
| Gross capital formation, % of GDP | 15.4% | 30.2% |
| Total reserves including gold | $374.7B | $403.1B |
| Foreign direct investment net inflows | $78.2B | $14.5B |
Exports, imports and economic structure
| Stat | Brazil | South Korea |
|---|---|---|
| Exports of goods and services, % of GDP | 14.8% | 44% |
| Imports of goods and services, % of GDP | 14.3% | 39% |
| Current account balance (balance of payments) | -$41.5B | $76.4B |
| Revenue excluding grants, % of GDP | 27.2% | 27.8% |
| Grants excluding technical cooperation, BoP | $241.7M | $6.7M |
| Personal remittances received | $2.9B | $7.1B |
| Industry including construction value added, % of GDP | 18.4% | 35.1% |
| Agriculture, forestry and fishing value added, % of GDP | 4.4% | 2% |
| Charges for the use of intellectual property, payments BoP | $5.1B | $9.9B |
| Charges for the use of intellectual property, receipts BoP | $825.5M | $7.8B |
| Expense, % of GDP | 34.9% | 25.4% |
| Government Expenditure, % of GDP | 38.9% | 32.8% |
