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
| Stat |  Japan |  South Korea |
|---|---|---|
| GDP | $5T | $1.6T |
| GDP growth, 1 year | 0.8% | 2.7% |
| GDP growth, 5-years average | 1% | 3% |
| Population | 126.8M | 51.5M |
| GDP per capita | $39k | $31k |
| GDP per capita growth | 0.99% | 2.33% |
| Purchasing Power Parity conversion factor | 101.37 | 860.51 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.92 | 0.78 |
| 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
| Stat | Japan | South Korea |
|---|---|---|
| Income Tax Rate | 40.8% | 42% |
| Corporate Tax Rate | 23.9% | 25% |
| Inflation, consumer prices | 1% | 1.5% |
| Inflation, GDP deflator | -0.1% | 0.3% |
| Unemployment | 2.5% | 3.8% |
| Economic Freedom Index | 73.3 | 74 |
| Personal Freedom Index | 8.83 | 8.84 |
| Human Freedom Index | 8.31 | 8.15 |
| Property Rights Index | 86.6 | 82.5 |
| Judical Effectiveness Index | 71.4 | 61 |
| Business Freedom Index | 81.4 | 90.5 |
| Fiscal Health Index | 62 | 96.7 |
| Labor Freedom Index | 78.7 | 56.2 |
| Investment Freedom Index | 70 | 70 |
| Financial Freedom Index | 60 | 70 |
| Trade Freedom Index | 80 | 80 |
| Monetary Freedom Index | 84.4 | 82.1 |
| Government Spending Index | 55.8 | 67.7 |
| Tax Burden Index | 68.3 | 63.9 |
| Government Integrity Index | 80.5 | 67.5 |
| Corruption Perceptions Index | 73 | 57 |
| Life expectancy at birth, years | 84.1 | 82.6 |
| Suicide mortality rate, per 100,000 people | 18.5 | 26.9 |
| Mortality caused by road traffic injury, per 100,000 people | 4.1 | 9.8 |
| Intentional homicides, per 100,000 people | 0.2 | 0.6 |
| International tourism, number of arrivals | 31.2M | 15.3M |
Government debt & reserves
| Stat | Japan | South Korea |
|---|---|---|
| Central government debt, % of GDP | 237.1% | 40.7% |
| External debt stocks, % of GNI | N/A | N/A |
| External debt stocks | N/A | N/A |
| Short-term debt, % of total reserves | N/A | N/A |
| Total debt service, % of exports and primary income | N/A | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | 7.3% | 20.1% |
| Gross savings, % of GDP | 28% | 34.7% |
| Gross capital formation, % of GDP | 24.4% | 30.2% |
| Total reserves including gold | $1.3T | $403.1B |
| Foreign direct investment net inflows | $25.9B | $14.5B |
Exports, imports and economic structure
| Stat | Japan | South Korea |
|---|---|---|
| Exports of goods and services, % of GDP | 18.4% | 44% |
| Imports of goods and services, % of GDP | 18.2% | 39% |
| Current account balance (balance of payments) | $174.7B | $76.4B |
| Revenue excluding grants, % of GDP | 12.8% | 27.8% |
| Grants excluding technical cooperation, BoP | N/A | $6.7M |
| Personal remittances received | $4.4B | $7.1B |
| Industry including construction value added, % of GDP | 29.1% | 35.1% |
| Agriculture, forestry and fishing value added, % of GDP | 1.2% | 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 GDP | 16.4% | 25.4% |
| Government Expenditure, % of GDP | 38.4% | 32.8% |
