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Cuba vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Cuba ranked 64th with $100B. By GDP 5-years average growth and GDP per capita, South Korea and Cuba ranked 93rd vs 130th and 33rd vs 82nd, respectively.

Gross Domestic Product & Income

StatCubaSouth Korea
GDP$100B$1.6T
GDP growth, 1 year2.3%2.7%
GDP growth, 5-years average2%3%
Population11.3M51.1M
GDP per capita$8.8k$31k
GDP per capita growth2.26%2.33%
Purchasing Power Parity conversion factor0.32860.51
Price level ratio of PPP conversion factor GDP to market exchange rateN/A0.78
GDP per capita, PPP adjusted$14k$41k
GNI, Atlas method$84.8B$1.6T
GNI per capita$7.5k$31k
GNI, PPP adjustedN/A$2.1T
GNI per capita, PPP adjustedN/A$40k

Financial system and Human development

StatCubaSouth Korea
Income Tax Rate50%42%
Corporate Tax Rate30%25%
Inflation, consumer prices6.9%1.5%
Inflation, GDP deflator1%0.3%
Unemployment2.3%3.8%
Economic Freedom Index26.974
Personal Freedom Index5.48.84
Human Freedom Index5.28.15
Property Rights Index20.182.5
Judical Effectiveness Index1061
Business Freedom Index2090.5
Fiscal Health Index14.896.7
Labor Freedom Index2056.2
Investment Freedom Index1070
Financial Freedom Index1070
Trade Freedom Index65.680
Monetary Freedom Index64.182.1
Government Spending Index067.7
Tax Burden Index49.563.9
Government Integrity Index38.767.5
Corruption Perceptions Index4757
Life expectancy at birth, years78.782.6
Suicide mortality rate, per 100,000 people13.926.9
Mortality caused by road traffic injury, per 100,000 people8.59.8
Intentional homicides, per 100,000 people50.6
International tourism, number of arrivals4.7M15.3M

Government debt & reserves

StatCubaSouth Korea
Central government debt, % of GDP51%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 GNIN/A20.1%
Gross savings, % of GDPN/A34.7%
Gross capital formation, % of GDP12%30.2%
Total reserves including gold$144M$403.1B
Foreign direct investment net inflowsN/A$14.5B

Exports, imports and economic structure

StatCubaSouth Korea
Exports of goods and services, % of GDP14.5%44%
Imports of goods and services, % of GDP12.6%39%
Current account balance (balance of payments)N/A$76.4B
Revenue excluding grants, % of GDPN/A27.8%
Grants excluding technical cooperation, BoP$510.6M$6.7M
Personal remittances receivedN/A$7.1B
Industry including construction value added, % of GDP25.1%35.1%
Agriculture, forestry and fishing value added, % of GDP3.8%2%
Charges for the use of intellectual property, payments BoPN/A$9.9B
Charges for the use of intellectual property, receipts BoPN/A$7.8B
Expense, % of GDPN/A25.4%
Government Expenditure, % of GDP64.8%32.8%

Compare with countries close by GDP per capita

Cuba vs

CountryGDP
per capita
Population
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
345k
Equatorial Guinea
$10k
1.22M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7.27M
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
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
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M

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