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Colombia vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Colombia ranked 39th with $331B. By GDP 5-years average growth and GDP per capita, South Korea and Colombia ranked 93rd vs 101st and 33rd vs 94th, respectively.

Gross Domestic Product & Income

StatColombiaSouth Korea
GDP$331B$1.6T
GDP growth, 1 year2.7%2.7%
GDP growth, 5-years average2.8%3%
Population49.1M51.1M
GDP per capita$6.7k$31k
GDP per capita growth1.02%2.33%
Purchasing Power Parity conversion factor1312.74860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.440.78
GDP per capita, PPP adjusted$15k$41k
GNI, Atlas method$306.9B$1.6T
GNI per capita$6.2k$31k
GNI, PPP adjusted$718.9B$2.1T
GNI per capita, PPP adjusted$14k$40k

Financial system and Human development

StatColombiaSouth Korea
Income Tax Rate39%42%
Corporate Tax Rate33%25%
Inflation, consumer prices3.2%1.5%
Inflation, GDP deflator3.7%0.3%
Unemployment9.1%3.8%
Economic Freedom Index69.274
Personal Freedom Index6.938.84
Human Freedom Index6.788.15
Property Rights Index61.182.5
Judical Effectiveness Index32.861
Business Freedom Index71.390.5
Fiscal Health Index85.596.7
Labor Freedom Index7856.2
Investment Freedom Index8070
Financial Freedom Index7070
Trade Freedom Index81.280
Monetary Freedom Index77.582.1
Government Spending Index7767.7
Tax Burden Index70.463.9
Government Integrity Index46.167.5
Corruption Perceptions Index3657
Life expectancy at birth, years76.982.6
Suicide mortality rate, per 100,000 people7.226.9
Mortality caused by road traffic injury, per 100,000 people18.59.8
Intentional homicides, per 100,000 people24.90.6
International tourism, number of arrivals3.9M15.3M

Government debt & reserves

StatColombiaSouth Korea
Central government debt, % of GDP50.5%40.7%
External debt stocks, % of GNI42.3%N/A
External debt stocks$134.9BN/A
Short-term debt, % of total reserves31.5%N/A
Total debt service, % of exports and primary income40.8%N/A
Adjusted net savings including particulate emission damage, % of GNI2.8%20.1%
Gross savings, % of GDP15.1%34.7%
Gross capital formation, % of GDP21.2%30.2%
Total reserves including gold$47.9B$403.1B
Foreign direct investment net inflows$11.5B$14.5B

Exports, imports and economic structure

StatColombiaSouth Korea
Exports of goods and services, % of GDP15.9%44%
Imports of goods and services, % of GDP20.8%39%
Current account balance (balance of payments)-$13B$76.4B
Revenue excluding grants, % of GDP22.9%27.8%
Grants excluding technical cooperation, BoP$741.3M$6.7M
Personal remittances received$6.4B$7.1B
Industry including construction value added, % of GDP26.7%35.1%
Agriculture, forestry and fishing value added, % of GDP6.3%2%
Charges for the use of intellectual property, payments BoP$471.4M$9.9B
Charges for the use of intellectual property, receipts BoP$105.6M$7.8B
Expense, % of GDP25.3%25.4%
Government Expenditure, % of GDP27.7%32.8%

Compare with countries close by GDP per capita

Colombia vs

CountryGDP
per capita
Population
Bulgaria
$9.3k
7.27M
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k

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
Brunei
$32k
418k
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