Japan vs South Korea: Economic Indicators Comparison

Japan with a GDP of $5T ranked the 3rd largest economy in the world, while South Korea ranked 12th with $1.6T. By GDP 5-years average growth and GDP per capita, Japan and South Korea ranked 152nd vs 93rd and 28th vs 33rd, respectively.

Gross Domestic Product & Income

StatJapanSouth Korea
GDP$5T$1.6T
GDP growth, 1 year0.8%2.7%
GDP growth, 5-years average1%3%
Population126.8M51.5M
GDP per capita$39k$31k
GDP per capita growth0.99%2.33%
Purchasing Power Parity conversion factor101.37860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.920.78
GDP per capita, PPP adjusted$44k$41k
GNI, Atlas method$5.2T$1.6T
GNI per capita$41k$31k
GNI, PPP adjusted$5.6T$2.1T
GNI per capita, PPP adjusted$44k$40k

Financial system and Human development

StatJapanSouth Korea
Income Tax Rate40.8%42%
Corporate Tax Rate23.9%25%
Inflation, consumer prices1%1.5%
Inflation, GDP deflator-0.1%0.3%
Unemployment2.5%3.8%
Economic Freedom Index73.374
Personal Freedom Index8.838.84
Human Freedom Index8.318.15
Property Rights Index86.682.5
Judical Effectiveness Index71.461
Business Freedom Index81.490.5
Fiscal Health Index6296.7
Labor Freedom Index78.756.2
Investment Freedom Index7070
Financial Freedom Index6070
Trade Freedom Index8080
Monetary Freedom Index84.482.1
Government Spending Index55.867.7
Tax Burden Index68.363.9
Government Integrity Index80.567.5
Corruption Perceptions Index7357
Life expectancy at birth, years84.182.6
Suicide mortality rate, per 100,000 people18.526.9
Mortality caused by road traffic injury, per 100,000 people4.19.8
Intentional homicides, per 100,000 people0.20.6
International tourism, number of arrivals31.2M15.3M

Government debt & reserves

StatJapanSouth Korea
Central government debt, % of GDP237.1%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 GNI7.3%20.1%
Gross savings, % of GDP28%34.7%
Gross capital formation, % of GDP24.4%30.2%
Total reserves including gold$1.3T$403.1B
Foreign direct investment net inflows$25.9B$14.5B

Exports, imports and economic structure

StatJapanSouth Korea
Exports of goods and services, % of GDP18.4%44%
Imports of goods and services, % of GDP18.2%39%
Current account balance (balance of payments)$174.7B$76.4B
Revenue excluding grants, % of GDP12.8%27.8%
Grants excluding technical cooperation, BoPN/A$6.7M
Personal remittances received$4.4B$7.1B
Industry including construction value added, % of GDP29.1%35.1%
Agriculture, forestry and fishing value added, % of GDP1.2%2%
Charges for the use of intellectual property, payments BoP$21.7B$9.9B
Charges for the use of intellectual property, receipts BoP$45.5B$7.8B
Expense, % of GDP16.4%25.4%
Government Expenditure, % of GDP38.4%32.8%

Compare with countries close by GDP per capita

Japan vs

CountryGDP
per capita
Population
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
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
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
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k

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
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
Estonia
$23k
1.32M
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