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Brunei vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Brunei ranked 131st with $13.6B. By GDP 5-years average growth and GDP per capita, South Korea and Brunei ranked 93rd vs 173rd and 33rd vs 32nd, respectively.

Gross Domestic Product & Income

StatBruneiSouth Korea
GDP$13.6B$1.6T
GDP growth, 1 year-0.2%2.7%
GDP growth, 5-years average-0.9%3%
Population418k51.1M
GDP per capita$32k$31k
GDP per capita growth-0.99%2.33%
Purchasing Power Parity conversion factor0.53860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.78
GDP per capita, PPP adjusted$80k$41k
GNI, Atlas method$12.7B$1.6T
GNI per capita$30k$31k
GNI, PPP adjusted$35.3B$2.1T
GNI per capita, PPP adjusted$82k$40k

Financial system and Human development

StatBruneiSouth Korea
Income Tax Rate0%42%
Corporate Tax Rate18.5%25%
Inflation, consumer prices0.1%1.5%
Inflation, GDP deflator9.2%0.3%
Unemployment9.2%3.8%
Economic Freedom Index66.674
Personal Freedom Index6.268.84
Human Freedom Index6.668.15
Property Rights Index69.882.5
Judical Effectiveness Index56.861
Business Freedom Index84.190.5
Fiscal Health Index2096.7
Labor Freedom Index90.556.2
Investment Freedom Index6570
Financial Freedom Index5070
Trade Freedom Index8580
Monetary Freedom Index77.182.1
Government Spending Index61.567.7
Tax Burden Index89.863.9
Government Integrity Index49.667.5
Corruption Perceptions Index6357
Life expectancy at birth, years75.682.6
Suicide mortality rate, per 100,000 people4.626.9
Mortality caused by road traffic injury, per 100,000 people89.8
Intentional homicides, per 100,000 people0.50.6
International tourism, number of arrivals278k15.3M

Government debt & reserves

StatBruneiSouth Korea
Central government debt, % of GDP2.5%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 GNI34.6%20.1%
Gross savings, % of GDP54.1%34.7%
Gross capital formation, % of GDP41.1%30.2%
Total reserves including gold$3.4B$403.1B
Foreign direct investment net inflows$511.5M$14.5B

Exports, imports and economic structure

StatBruneiSouth Korea
Exports of goods and services, % of GDP51.9%44%
Imports of goods and services, % of GDP42%39%
Current account balance (balance of payments)$1.1B$76.4B
Revenue excluding grants, % of GDPN/A27.8%
Grants excluding technical cooperation, BoP$200k$6.7M
Personal remittances receivedN/A$7.1B
Industry including construction value added, % of GDP63.2%35.1%
Agriculture, forestry and fishing value added, % of GDP1%2%
Charges for the use of intellectual property, payments BoP$19.7M$9.9B
Charges for the use of intellectual property, receipts BoPN/A$7.8B
Expense, % of GDPN/A25.4%
Government Expenditure, % of GDP35.8%32.8%

Compare with countries close by GDP per capita

Brunei vs

CountryGDP
per capita
Population
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
Bahamas
$32k
377k
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

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
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