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Georgia vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Georgia ranked 119th with $17.6B. By GDP 5-years average growth and GDP per capita, South Korea and Georgia ranked 93rd vs 54th and 33rd vs 111st, respectively.

Gross Domestic Product & Income

StatGeorgiaSouth Korea
GDP$17.6B$1.6T
GDP growth, 1 year4.7%2.7%
GDP growth, 5-years average4%3%
Population3.7M51.1M
GDP per capita$4.7k$31k
GDP per capita growth4.72%2.33%
Purchasing Power Parity conversion factor1860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.78
GDP per capita, PPP adjusted$11k$41k
GNI, Atlas method$16.6B$1.6T
GNI per capita$4.4k$31k
GNI, PPP adjusted$42.9B$2.1T
GNI per capita, PPP adjusted$12k$40k

Financial system and Human development

StatGeorgiaSouth Korea
Income Tax Rate20%42%
Corporate Tax Rate15%25%
Inflation, consumer prices2.6%1.5%
Inflation, GDP deflator4.4%0.3%
Unemployment14.1%3.8%
Economic Freedom Index77.174
Personal Freedom Index7.48.84
Human Freedom Index7.488.15
Property Rights Index68.682.5
Judical Effectiveness Index57.961
Business Freedom Index85.390.5
Fiscal Health Index94.496.7
Labor Freedom Index76.356.2
Investment Freedom Index8070
Financial Freedom Index7070
Trade Freedom Index88.680
Monetary Freedom Index78.382.1
Government Spending Index73.667.7
Tax Burden Index87.163.9
Government Integrity Index64.867.5
Corruption Perceptions Index5857
Life expectancy at birth, years73.482.6
Suicide mortality rate, per 100,000 people8.226.9
Mortality caused by road traffic injury, per 100,000 people15.39.8
Intentional homicides, per 100,000 people10.6
International tourism, number of arrivals4.8M15.3M

Government debt & reserves

StatGeorgiaSouth Korea
Central government debt, % of GDP44.5%40.7%
External debt stocks, % of GNI110.6%N/A
External debt stocks$17.1BN/A
Short-term debt, % of total reserves81.1%N/A
Total debt service, % of exports and primary income23.7%N/A
Adjusted net savings including particulate emission damage, % of GNI12.5%20.1%
Gross savings, % of GDP21%34.7%
Gross capital formation, % of GDP28.1%30.2%
Total reserves including gold$3.3B$403.1B
Foreign direct investment net inflows$1.2B$14.5B

Exports, imports and economic structure

StatGeorgiaSouth Korea
Exports of goods and services, % of GDP50.6%44%
Imports of goods and services, % of GDP61.2%39%
Current account balance (balance of payments)-$1.2B$76.4B
Revenue excluding grants, % of GDP23%27.8%
Grants excluding technical cooperation, BoP$314.1M$6.7M
Personal remittances received$2B$7.1B
Industry including construction value added, % of GDP19.9%35.1%
Agriculture, forestry and fishing value added, % of GDP6.8%2%
Charges for the use of intellectual property, payments BoP$27.1M$9.9B
Charges for the use of intellectual property, receipts BoP$270k$7.8B
Expense, % of GDP21.4%25.4%
Government Expenditure, % of GDP29.6%32.8%

Compare with countries close by GDP per capita

Georgia vs

CountryGDP
per capita
Population
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
Azerbaijan
$4.7k
10M
Guatemala
$4.5k
15.5M
Tonga
$4.4k
105k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
190k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.34M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
52.6k
Tuvalu
$3.7k
9.88k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M

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