China vs South Korea: Economic Indicators Comparison
China with a GDP of $13.6T ranked the 2nd largest economy in the world, while South Korea ranked 12th with $1.6T. By GDP 5-years average growth and GDP per capita, China and South Korea ranked 12th vs 93rd and 76th vs 33rd, respectively.
Gross Domestic Product & Income
| Stat |  China |  South Korea |
|---|---|---|
| GDP | $13.6T | $1.6T |
| GDP growth, 1 year | 6.6% | 2.7% |
| GDP growth, 5-years average | 6.9% | 3% |
| Population | 1.4B | 51.5M |
| GDP per capita | $9.8k | $31k |
| GDP per capita growth | 6.08% | 2.33% |
| Purchasing Power Parity conversion factor | 3.54 | 860.51 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.54 | 0.78 |
| GDP per capita, PPP adjusted | $18k | $41k |
| GNI, Atlas method | $13.2T | $1.6T |
| GNI per capita | $9.5k | $31k |
| GNI, PPP adjusted | $25.3T | $2.1T |
| GNI per capita, PPP adjusted | $18k | $40k |
Financial system and Human development
| Stat | China | South Korea |
|---|---|---|
| Income Tax Rate | 45% | 42% |
| Corporate Tax Rate | 25% | 25% |
| Inflation, consumer prices | 2.1% | 1.5% |
| Inflation, GDP deflator | 2.9% | 0.3% |
| Unemployment | 4.4% | 3.8% |
| Economic Freedom Index | 59.5 | 74 |
| Personal Freedom Index | 6 | 8.84 |
| Human Freedom Index | 6.11 | 8.15 |
| Property Rights Index | 60.9 | 82.5 |
| Judical Effectiveness Index | 76.3 | 61 |
| Business Freedom Index | 76.8 | 90.5 |
| Fiscal Health Index | 67.5 | 96.7 |
| Labor Freedom Index | 64.4 | 56.2 |
| Investment Freedom Index | 20 | 70 |
| Financial Freedom Index | 20 | 70 |
| Trade Freedom Index | 72.4 | 80 |
| Monetary Freedom Index | 71.1 | 82.1 |
| Government Spending Index | 67.9 | 67.7 |
| Tax Burden Index | 70.4 | 63.9 |
| Government Integrity Index | 46 | 67.5 |
| Corruption Perceptions Index | 39 | 57 |
| Life expectancy at birth, years | 76.5 | 82.6 |
| Suicide mortality rate, per 100,000 people | 9.7 | 26.9 |
| Mortality caused by road traffic injury, per 100,000 people | 18.2 | 9.8 |
| Intentional homicides, per 100,000 people | 0.6 | 0.6 |
| International tourism, number of arrivals | 62.9M | 15.3M |
Government debt & reserves
| Stat | China | South Korea |
|---|---|---|
| Central government debt, % of GDP | 50.5% | 40.7% |
| External debt stocks, % of GNI | 14.5% | N/A |
| External debt stocks | $2T | N/A |
| Short-term debt, % of total reserves | 38.5% | N/A |
| Total debt service, % of exports and primary income | 8.2% | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | 20.1% | 20.1% |
| Gross savings, % of GDP | 46.3% | 34.7% |
| Gross capital formation, % of GDP | 44.1% | 30.2% |
| Total reserves including gold | $3.2T | $403.1B |
| Foreign direct investment net inflows | $203.5B | $14.5B |
Exports, imports and economic structure
| Stat | China | South Korea |
|---|---|---|
| Exports of goods and services, % of GDP | 19.5% | 44% |
| Imports of goods and services, % of GDP | 18.7% | 39% |
| Current account balance (balance of payments) | $49.1B | $76.4B |
| Revenue excluding grants, % of GDP | 15.8% | 27.8% |
| Grants excluding technical cooperation, BoP | $191.6M | $6.7M |
| Personal remittances received | $24.3B | $7.1B |
| Industry including construction value added, % of GDP | 40.7% | 35.1% |
| Agriculture, forestry and fishing value added, % of GDP | 7.2% | 2% |
| Charges for the use of intellectual property, payments BoP | $35.8B | $9.9B |
| Charges for the use of intellectual property, receipts BoP | $5.6B | $7.8B |
| Expense, % of GDP | N/A | 25.4% |
| Government Expenditure, % of GDP | 32.7% | 32.8% |
