Estonia vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Estonia ranked 102nd with $30.7B. By GDP 5-years average growth and GDP per capita, South Korea and Estonia ranked 93rd vs 71st and 33rd vs 42nd, respectively.

Gross Domestic Product & Income

StatEstoniaSouth Korea
GDP$30.7B$1.6T
GDP growth, 1 year3.9%2.7%
GDP growth, 5-years average3.4%3%
Population1.3M51.5M
GDP per capita$23k$31k
GDP per capita growth4.48%2.33%
Purchasing Power Parity conversion factor0.55860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.650.78
GDP per capita, PPP adjusted$34k$41k
GNI, Atlas method$27.9B$1.6T
GNI per capita$21k$31k
GNI, PPP adjusted$46.2B$2.1T
GNI per capita, PPP adjusted$35k$40k

Financial system and Human development

StatEstoniaSouth Korea
Income Tax Rate20%42%
Corporate Tax Rate20%25%
Inflation, consumer prices3.4%1.5%
Inflation, GDP deflator4.5%0.3%
Unemployment5.5%3.8%
Economic Freedom Index77.774
Personal Freedom Index9.048.84
Human Freedom Index8.448.15
Property Rights Index83.282.5
Judical Effectiveness Index73.761
Business Freedom Index73.590.5
Fiscal Health Index99.996.7
Labor Freedom Index57.356.2
Investment Freedom Index9070
Financial Freedom Index7070
Trade Freedom Index86.480
Monetary Freedom Index78.682.1
Government Spending Index53.367.7
Tax Burden Index81.163.9
Government Integrity Index85.967.5
Corruption Perceptions Index7357
Life expectancy at birth, years77.682.6
Suicide mortality rate, per 100,000 people17.826.9
Mortality caused by road traffic injury, per 100,000 people6.19.8
Intentional homicides, per 100,000 people2.20.6
International tourism, number of arrivals3.2M15.3M

Government debt & reserves

StatEstoniaSouth Korea
Central government debt, % of GDP8.1%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 GNI15.2%20.1%
Gross savings, % of GDP28.2%34.7%
Gross capital formation, % of GDP26.2%30.2%
Total reserves including gold$755M$403.1B
Foreign direct investment net inflows$1.2B$14.5B

Exports, imports and economic structure

StatEstoniaSouth Korea
Exports of goods and services, % of GDP74.3%44%
Imports of goods and services, % of GDP70.7%39%
Current account balance (balance of payments)$612.4M$76.4B
Revenue excluding grants, % of GDP34.8%27.8%
Grants excluding technical cooperation, BoP$120.3M$6.7M
Personal remittances received$566.5M$7.1B
Industry including construction value added, % of GDP24.1%35.1%
Agriculture, forestry and fishing value added, % of GDP2.7%2%
Charges for the use of intellectual property, payments BoP$64.7M$9.9B
Charges for the use of intellectual property, receipts BoP$15.9M$7.8B
Expense, % of GDP35%25.4%
Government Expenditure, % of GDP39.4%32.8%

Compare with countries close by GDP per capita

Estonia vs

CountryGDP
per capita
Population
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
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
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M

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
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
Lithuania
$19k
2.79M