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Economy of Congo vs South Korea compared: GDP & Debt

Updated on by Georank team

The Congo has a GDP of $15.7B compared to $1.88T for South Korea, ranking 141/197 and 12/197 by economy size, respectively.

The Congo has $15.4B in government debt (98% of GDP), compared to $934B (49.8% of GDP) in South Korea.

Congo vs South Korea GDP by year

Congo
South Korea
1x
Year GDP, current $
Congo South Korea
2024 $15,719,986,077 $1,875,388,209,407
2023 $15,321,055,823 $1,844,800,934,392
2022 $15,817,030,155 $1,799,363,116,867
2021 $14,825,690,211 $1,942,313,560,966
2020 $11,468,687,464 $1,744,070,276,373
2019 $13,976,637,780 $1,751,045,752,055
2018 $14,773,900,289 $1,824,251,454,307
2017 $11,834,473,039 $1,710,196,756,713
2016 $10,931,328,151 $1,579,150,518,945
2015 $12,434,793,867 $1,539,212,301,136
2014 $17,919,321,078 $1,556,252,422,020
2013 $17,958,720,699 $1,434,669,686,502
2012 $17,692,911,296 $1,335,343,586,438
2011 $15,655,383,577 $1,307,103,477,219
2010 $13,148,396,212 $1,192,830,015,738
2009 $9,723,299,915 $983,065,242,417
2008 $11,649,857,673 $1,091,580,692,542
2007 $8,782,703,437 $1,220,911,904,593
2006 $8,072,305,029 $1,095,175,538,508
2005 $6,650,001,680 $971,740,329,984
2004 $4,656,974,940 $823,251,107,639
2003 $3,503,723,088 $728,516,494,684
2002 $3,034,250,924 $650,014,391,470
2001 $2,796,704,604 $567,564,806,235
2000 $3,227,927,698 $597,487,173,479
1999 $2,354,772,960 $515,697,079,289
1998 $1,949,481,379 $397,297,216,492
1997 $2,322,719,103 $589,202,526,424
1996 $2,540,697,539 $631,196,863,758
1995 $2,116,003,868 $586,286,469,401
1994 $1,769,365,438 $479,181,794,217
1993 $2,684,323,623 $405,705,302,846
1992 $2,933,222,703 $366,921,291,825
1991 $2,724,853,506 $340,851,946,804
1990 $2,798,746,050 $292,064,221,389
1989 $2,389,593,026 $254,236,243,100
1988 $2,212,536,312 $205,477,530,605
1987 $2,297,753,652 $152,240,393,646
1986 $1,849,268,212 $119,965,960,795
1985 $2,160,872,540 $103,764,281,281
1984 $2,193,581,365 $99,749,645,089
1983 $2,097,274,290 $89,621,208,322
1982 $2,160,640,565 $79,921,300,447
1981 $1,993,512,323 $74,287,368,087
1980 $1,705,796,853 $66,547,970,351
1979 $1,198,749,667 $68,083,884,298
1978 $878,771,772 $52,824,793,388
1977 $765,224,029 $39,064,462,810
1976 $754,549,601 $30,371,074,380
1975 $767,102,680 $22,126,033,058
1974 $585,364,634 $19,860,929,977
1973 $541,973,363 $14,067,523,813
1972 $410,669,264 $10,990,490,570
1971 $322,128,019 $10,005,257,131
1970 $274,960,700 $9,085,001,794
1969 $265,040,036 $7,743,940,189
1968 $251,247,458 $6,167,109,472
1967 $237,397,428 $4,895,076,718
1966 $220,613,582 $3,957,064,541
1965 $198,318,064 $3,141,131,708
1964 $185,693,725 $3,476,789,682
1963 $172,233,431 $4,007,692,308
1962 $166,521,240 $2,826,923,077
1961 $151,675,739 $2,427,244,761
1960 $131,731,863 $3,973,069,307

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/congo/south-korea | CC BY

GDP per capita in Congo vs South Korea by year

Congo
GDP per capita

GDP per capita, PPP
South Korea
GDP per capita

GDP per capita, PPP
1x
Year Current $
Congo South Korea
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $2,482 $7,026 $36,239 $61,051
2023 $2,478 $6,850 $35,674 $57,430
2022 $2,621 $6,647 $34,822 $55,509
2021 $2,516 $6,263 $37,518 $51,718
2020 $1,994 $4,771 $33,646 $47,881
2019 $2,488 $5,720 $33,827 $46,511
2018 $2,694 $5,593 $35,364 $45,511
2017 $2,212 $4,445 $33,297 $43,156
2016 $2,093 $4,016 $30,832 $41,673
2015 $2,439 $4,715 $30,172 $39,794
2014 $3,601 $5,733 $30,667 $37,032
2013 $3,697 $5,834 $28,449 $35,844
2012 $3,732 $6,058 $26,601 $35,062
2011 $3,396 $5,175 $26,175 $33,944
2010 $2,947 $5,125 $24,071 $33,120
2009 $2,271 $4,801 $19,937 $30,740
2008 $2,832 $4,448 $22,252 $31,211
2007 $2,206 $4,243 $25,078 $30,255
2006 $2,104 $4,588 $22,610 $27,972
2005 $1,799 $4,279 $20,167 $26,179
2004 $1,306 $3,992 $17,122 $24,658
2003 $1,017 $3,887 $15,212 $22,920
2002 $906 $3,888 $13,643 $22,173
2001 $855 $3,748 $11,981 $20,442
2000 $1,024 $3,667 $12,710 $19,237
1999 $776 $3,464 $11,063 $17,421
1998 $660 $3,602 $8,583 $15,500
1997 $804 $3,510 $12,822 $16,241
1996 $899 $3,547 $13,865 $15,164
1995 $770 $3,434 $13,002 $13,921
1994 $662 $3,327 $10,734 $12,551
1993 $1,034 $3,550 $9,180 $11,349
1992 $1,164 $3,608 $8,387 $10,468
1991 $1,113 $3,536 $7,873 $9,724
1990 $1,176 $3,437 $6,813 $8,567
1989 $1,033 - $5,989 -
1988 $984 - $4,889 -
1987 $1,052 - $3,658 -
1986 $872 - $2,911 -
1985 $1,049 - $2,543 -
1984 $1,097 - $2,469 -
1983 $1,075 - $2,246 -
1982 $1,131 - $2,032 -
1981 $1,066 - $1,918 -
1980 $933 - $1,746 -
1979 $670 - $1,814 -
1978 $503 - $1,429 -
1977 $448 - $1,073 -
1976 $453 - $847 -
1975 $471 - $627 -
1974 $370 - $572 -
1973 $353 - $412 -
1972 $276.3 - $328 -
1971 $223.5 - $304 -
1970 $196.7 - $281.8 -
1969 $195.4 - $245.5 -
1968 $190.8 - $200 -
1967 $185.7 - $162.5 -
1966 $177.6 - $134.4 -
1965 $164.2 - $109.4 -
1964 $158.1 - $124.2 -
1963 $150.7 - $147 -
1962 $149.6 - $106.6 -
1961 $139.9 - $94.2 -
1960 $124.7 - $158.8 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/congo/south-korea | CC BY

The Congo's GDP per capita is $2,482, ranking 149/197, compared to $36,239 in South Korea, ranking 31/197. Adjusted for purchasing power (GDP per capita PPP), the Congo ranks 148th at $7,026, while South Korea ranks 33rd at $61,051.

Economic indicators

Congo South Korea
Gross domestic product
$15.7B
2024
$1.88T
2024
GDP rank
141/197
2024
12/197
2024
GDP growth
2.58%
2023-2024
2%
2023-2024
GDP per capita
$2,482
2024
$36,239
2024
GDP per capita rank
149/197
2024
31/197
2024
GDP per capita, PPP
$7,026
2024
$61,051
2024
GDP per capita PPP rank
148/197
2024
33/197
2024
Government debt
$15.4B
2024
$934B
2024
Debt-to-GDP ratio
98%
2024
49.8%
2024
Government debt per person
$2,433
2024
$18,052
2024
Government debt per person rank
112/185
2024
33/185
2024
Average annual personal income after taxes
$2,153
2026
$27,215
2026
Market capitalization of domestic companies n/a
$1.56T
2024
Number of millionaires n/a
1,301,000
2025
Number of billionaires n/a
30
2025
Income share by richest 10%
37.9%
2011
24.6%
2021
Income share by poorest 10%
1.6%
2011
2.9%
2021
Government expenditure, % of GDP
21.7%
2024
22.5%
2024
Consumer prices inflation
3.1%
2023-2024
2.32%
2023-2024
Central bank interest rate n/a
2.5%
2025
Unemployment rate
10%
2012
2.78%
2024
Population
6681829
51649918

Spending and national debt comparison by year

Congo
Spending

Debt
South Korea
Spending

Debt
1x
Year % of GDP
Congo South Korea
Government spending Government debt Government spending Government debt
2024 21.7% 98% 22.5% 49.8%
2023 20.7% 102.9% 23.1% 50.5%
2022 22.8% 93.5% 26.7% 49.8%
2021 20.9% 97.8% 24.1% 48%
2020 21.1% 102.5% 23.7% 45.9%
2019 20.2% 77.6% 21.3% 39.7%
2018 17.8% 71.2% 19.3% 37.9%
2017 26.6% 88.5% 18.6% 38%
2016 38.8% 84.6% 18.5% 39.1%
2015 41.3% 74.2% 18.8% 38.8%
2014 48.6% 42.3% 18.8% 37.9%
2013 42.4% 33.9% 19% 36%
2012 30.7% 30.2% 18.8% 33.5%
2011 27.9% 34.4% 18.3% 31.7%
2010 23% 43.5% 17.9% 28.3%
2009 24.4% 83.8% 19.5% 28.8%
2008 24.2% 69.6% 19.1% 25.9%
2007 28.6% 93.8% 18.8% 26.3%
2006 26.6% 94.7% 18.7% 27%
2005 22.1% 99.8% 18.2% 24.9%
2004 24.4% 122.6% 18.5% 21.6%
2003 27% 185.3% 17.9% 19.1%
2002 32.1% 163.5% 15.9% 16.4%
2001 29.1% 180.1% 16.9% 16.6%
2000 22.6% 145% 16% 16.1%
1999 28.8% 0% 16.1% 15.8%
1998 25.1% 0% 16% 13.8%
1997 22.2% 0% 13.9% 9.69%
1996 15.7% 0% 14% 7.81%
1995 27.6% 0% 13.5% 8.48%
1994 30.7% 0% 15.4% 9.63%
1993 32.8% 0% 15.1% 10.9%
1992 32.8% 0% 15.5% 11.6%
1991 34.1% 0% 15.4% 11.9%
1990 30.4% 0% 15.2% 12.8%
1989 20.3% 151.7% 15% 12.4%
1988 - - 13.9% 12.7%
1987 - - 14.3% 15.3%
1986 - - 14.9% 14.5%
1985 - - 15.5% 16.2%
1984 - - 15.6% 16.9%
1983 - - 16% 19.3%
1982 - - 17.8% 20.5%
1981 - - 16.3% 18.8%
1980 - - 16.8% 18.6%
1979 - - 16.3% 15.7%
1978 - - 15.7% 18.4%
1977 - - 17.7% 20.1%
1976 - - 17% 20.4%
1975 - - 18.8% 21.5%
1974 - - 16.1% 18.6%
1973 - - 14.2% 17.9%
1972 - - 18.5% 18.3%
1971 - - 18.5% 14.5%
1970 - - 17.5% 6.95%
1969 - - 19.8% 2.63%
1968 - - 18.5% 2.76%
1967 - - 16.7% 3.74%
1966 - - 16% 4.44%
1965 - - 13.1% 6.14%
1964 - - 12.1% 6.57%
1963 - - 15.4% 9.21%
1962 - - 22.3% 13%
1961 - - 21.2% 13.4%
1960 - - 17.9% 13.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-02-20).

GeoRank.org/economy/congo/south-korea | CC BY

In 2024, the Congo's government spending was $3.4B, accounting for 21.7% of its GDP, while South Korea spent $423B, or 22.5% of GDP.

Debt-to-GDP ratio is 98% in the Congo and 49.8% in South Korea, ranking 25/185 and 110/185, respectively.

Government deficit by year

Deficit/surplus
Congo

South Korea
1x
Year Deficit/surplus, % of GDP
Congo South Korea
2024 3.62% -0.78%
2023 5.81% -0.67%
2022 8.94% -1.49%
2021 1.63% -0.02%
2020 -1.1% -2.11%
2019 4.3% 0.35%
2018 5.22% 2.42%
2017 -5.57% 2.08%
2016 -14.5% 1.56%
2015 -17.8% 0.5%
2014 -10.7% 0.57%
2013 -2.85% 0.79%
2012 7.24% 1.63%
2011 16.1% 1.72%
2010 15.5% 1.61%
2009 4.76% 0.24%
2008 23.9% 1.58%
2007 8.99% 2.49%
2006 16% 1.18%
2005 13.4% 0.95%
2004 3.33% 0.09%
2003 0.37% 1.51%
2002 -7.34% 3.23%
2001 -0.71% 2.42%
2000 1.05% 3.91%
1999 -4.75% 1.15%
1998 -5.16% 1.09%
1997 3.67% 2.31%
1996 9.2% 2.3%
1995 -6.38% 2.16%
1994 -10.6% 2.06%
1993 -11.3% 3.21%
1992 -12.7% 2.42%
1991 -11.2% 1.94%
1990 -4.1% 2.98%
1989 0.78% 2.27%
1988 - 2.85%
1987 - 1.7%
1986 - 0.8%
1985 - 0.47%
1984 - 0.78%
1983 - 1.05%
1982 - -0.41%
1981 - 0.99%
1980 - 0.46%
1979 - 0.47%
1978 - -0.27%
1977 - -1.81%
1976 - -0.87%
1975 - -3.68%
1974 - -2.78%
1973 - -1.72%
1972 - -4.33%
1971 - -1.3%
1970 - -0.52%
1969 - -2.85%
1968 - -2.36%
1967 - -2.87%
1966 - -4.27%
1965 - -3.43%
1964 - -4.1%
1963 - -4.32%
1962 - -7.82%
1961 - -9.48%
1960 - -5.18%
1959 - -6.52%
1958 - -10%
1957 - -10.1%
1956 - -10.8%
1955 - -10.6%
1954 - -10.3%
1953 - -4.14%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1953–1994, retrieved 2026-02-20).

GeoRank.org/economy/congo/south-korea | CC BY

In 2024, the Congo's government surplus, the difference between spending and revenue, was $568M, equivalent to 3.62% of GDP. This compares to South Korea's deficit of $14.7B, or 0.78% of GDP.

Over the past 36 years, the Congo recorded a fiscal deficit in 16 of those years, while South Korea ran a deficit in 5 years. On average, the Congo posted an annual surplus equal to 0.75% of GDP, compared to surplus of 1.38% of GDP for South Korea.

Inflation comparison by year

Inflation
Congo

South Korea
1x
Year Consumer prices inflation
Congo South Korea
2024 3.1% 2.32%
2023 4.3% 3.6%
2022 3% 5.09%
2021 2% 2.5%
2020 1.4% 0.54%
2019 0.4% 0.38%
2018 1.2% 1.48%
2017 0.4% 1.94%
2016 3.2% 0.97%
2015 3.2% 0.71%
2014 0.9% 1.27%
2013 4.6% 1.3%
2012 5% 2.19%
2011 1.8% 4.03%
2010 0.4% 2.94%
2009 4.3% 2.76%
2008 6% 4.67%
2007 2.6% 2.53%
2006 4.7% 2.24%
2005 2.5% 2.75%
2004 3.7% 3.59%
2003 1.7% 3.51%
2002 3% 2.76%
2001 0.8% 4.07%
2000 0.5% 2.26%
1999 3% 0.81%
1998 2.2% 7.51%
1997 12.7% 4.44%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/congo/south-korea | CC BY

Over the past 28 years, the Congo has recorded an average annual inflation rate of 2.95%, compared with 2.68% in South Korea. In 2024, inflation was 3.1% in the Congo and 2.32% in South Korea.

Top exports between countries

Congo
Export category Export value
Raw materials & minerals $37.4M
Wood & paper products $1.36M
Metals $481K
Machinery & equipment $432K
Raw agricultural goods $25K
Miscellaneous $5K
South Korea
Export category Export value
Machinery & equipment $9.59M
Chemicals & pharma $7.52M
Textiles & consumer goods $2.52M
Wood & paper products $487K
Processed food, beverages & tobacco $470K
Metals $121K
Raw materials & minerals $91K
Animal & marine products $50K
Miscellaneous $18K
Weapons & explosives $17K

Balance of trade

Congo South Korea
Current account balance
$1.72B
2021
$99B
2024
Current account balance ranking
48/190
2021
7/190
2024
Current account balance, % of GDP
+11.6%
2021
+5.28%
2024
Goods imports
$2.78B
2021
$596B
2024
Goods exports
$7.51B
2021
$696B
2024
Service imports
$1.71B
2021
$163B
2024
Service exports
$240M
2021
$139B
2024
Imports of goods and services, % of GDP
40.4%
2024
40.3%
2024
Exports of goods and services, % of GDP
52.8%
2024
44.4%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Congo South Korea
Economic freedom 48.6 73.7
Economic freedom ranking 169/197 24/197
Property rights 28.7 89.6
Government integrity 13.9 70.9
Judicial effectiveness 15.4 77.5
Tax burden 73.7 61.5
Government spending 85.8 82.6
Fiscal health 80.8 93.5
Business freedom 35.8 81.5
Labor freedom 52.4 55
Monetary freedom 78.4 79.3
Trade freedom 52.8 73
Investment freedom 35 60
Financial freedom 30 60

Economic freedom comparison by year

Congo
South Korea
1x
Year Economic freedom index
Congo South Korea
2026 48.6 73.7
2025 48.6 74
2024 47.8 73.1
2023 48.1 73.7
2022 48.5 74.6
2021 50.7 74
2020 41.8 74
2019 39.7 72.3
2018 38.9 73.8
2017 40 74.3
2016 42.8 71.7
2015 42.7 71.5
2014 43.7 71.2
2013 43.5 70.3
2012 43.8 69.9
2011 43.6 69.8
2010 43.2 69.9
2009 45.4 68.1
2008 45.3 68.6
2007 44.4 67.8
2006 43.8 67.5
2005 46.2 66.4
2004 45.9 67.8
2003 47.7 68.3
2002 45.3 69.5
2001 44.3 69.1
2000 40.6 69.7
1999 41.6 69.7
1998 33.8 73.3
1997 42.2 69.8
1996 40.3 73
1995 - 72

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/congo/south-korea | CC BY

The Economic Freedom Index for the Congo is 48.6, ranking 169/197, compared to 73.7 for South Korea, ranking 24/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Congo South Korea
Services, % of GDP
45%
2024
57.5%
2024
Industry, % of GDP
40.1%
2024
33.9%
2024
Agriculture, forestry, and fishing, % of GDP
9.44%
2024
1.46%
2024
GNI, Atlas method
$14.4B
2024
$1.9T
2024
GNI per capita, PPP
$6,340
2024
$61,930
2024
Total reserves including gold
$715M
2023
$418B
2024
Total reserves ranking
148/177
2023
8/177
2024
Net foreign direct investment
$330M
2021
$33.4B
2024
Net inflows of foreign direct investment
$604M
2024
$15.2B
2024
Net outflows of foreign direct investment
$25.4M
2024
$48.6B
2024
Servicing debt to the IMF, % of GNI
7.67%
2024
n/a
Poverty at national poverty lines
40.9%
2011
14.4%
2020
Gross capital formation, % of GDP
26.8%
2024
30%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/congo/south-korea | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1953–1994, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.