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

StatChinaSouth Korea
GDP$13.6T$1.6T
GDP growth, 1 year6.6%2.7%
GDP growth, 5-years average6.9%3%
Population1.4B51.5M
GDP per capita$9.8k$31k
GDP per capita growth6.08%2.33%
Purchasing Power Parity conversion factor3.54860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.78
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

StatChinaSouth Korea
Income Tax Rate45%42%
Corporate Tax Rate25%25%
Inflation, consumer prices2.1%1.5%
Inflation, GDP deflator2.9%0.3%
Unemployment4.4%3.8%
Economic Freedom Index59.574
Personal Freedom Index68.84
Human Freedom Index6.118.15
Property Rights Index60.982.5
Judical Effectiveness Index76.361
Business Freedom Index76.890.5
Fiscal Health Index67.596.7
Labor Freedom Index64.456.2
Investment Freedom Index2070
Financial Freedom Index2070
Trade Freedom Index72.480
Monetary Freedom Index71.182.1
Government Spending Index67.967.7
Tax Burden Index70.463.9
Government Integrity Index4667.5
Corruption Perceptions Index3957
Life expectancy at birth, years76.582.6
Suicide mortality rate, per 100,000 people9.726.9
Mortality caused by road traffic injury, per 100,000 people18.29.8
Intentional homicides, per 100,000 people0.60.6
International tourism, number of arrivals62.9M15.3M

Government debt & reserves

StatChinaSouth Korea
Central government debt, % of GDP50.5%40.7%
External debt stocks, % of GNI14.5%N/A
External debt stocks$2TN/A
Short-term debt, % of total reserves38.5%N/A
Total debt service, % of exports and primary income8.2%N/A
Adjusted net savings including particulate emission damage, % of GNI20.1%20.1%
Gross savings, % of GDP46.3%34.7%
Gross capital formation, % of GDP44.1%30.2%
Total reserves including gold$3.2T$403.1B
Foreign direct investment net inflows$203.5B$14.5B

Exports, imports and economic structure

StatChinaSouth Korea
Exports of goods and services, % of GDP19.5%44%
Imports of goods and services, % of GDP18.7%39%
Current account balance (balance of payments)$49.1B$76.4B
Revenue excluding grants, % of GDP15.8%27.8%
Grants excluding technical cooperation, BoP$191.6M$6.7M
Personal remittances received$24.3B$7.1B
Industry including construction value added, % of GDP40.7%35.1%
Agriculture, forestry and fishing value added, % of GDP7.2%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 GDPN/A25.4%
Government Expenditure, % of GDP32.7%32.8%

Compare with countries close by GDP per capita

China vs

CountryGDP
per capita
Population
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M

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