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Lebanon vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Lebanon ranked 81st with $56.6B. By GDP 5-years average growth and GDP per capita, South Korea and Lebanon ranked 93rd vs 156th and 33rd vs 83rd, respectively.

Gross Domestic Product & Income

StatLebanonSouth Korea
GDP$56.6B$1.6T
GDP growth, 1 year0.3%2.7%
GDP growth, 5-years average0.9%3%
Population4.5M51.1M
GDP per capita$8.3k$31k
GDP per capita growth-0.34%2.33%
Purchasing Power Parity conversion factor953.03860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.630.78
GDP per capita, PPP adjusted$15k$41k
GNI, Atlas method$54.2B$1.6T
GNI per capita$7.9k$31k
GNI, PPP adjusted$89.1B$2.1T
GNI per capita, PPP adjusted$13k$40k

Financial system and Human development

StatLebanonSouth Korea
Income Tax Rate20%42%
Corporate Tax Rate17%25%
Inflation, consumer prices6.1%1.5%
Inflation, GDP deflator5.9%0.3%
Unemployment6.2%3.8%
Economic Freedom Index51.774
Personal Freedom Index6.298.84
Human Freedom Index6.728.15
Property Rights Index44.682.5
Judical Effectiveness Index30.861
Business Freedom Index45.690.5
Fiscal Health Index096.7
Labor Freedom Index47.856.2
Investment Freedom Index6070
Financial Freedom Index5070
Trade Freedom Index77.480
Monetary Freedom Index75.682.1
Government Spending Index72.567.7
Tax Burden Index90.863.9
Government Integrity Index2567.5
Corruption Perceptions Index2857
Life expectancy at birth, years78.882.6
Suicide mortality rate, per 100,000 people3.326.9
Mortality caused by road traffic injury, per 100,000 people18.19.8
Intentional homicides, per 100,000 people40.6
International tourism, number of arrivals2M15.3M

Government debt & reserves

StatLebanonSouth Korea
Central government debt, % of GDP150.9%40.7%
External debt stocks, % of GNI145.1%N/A
External debt stocks$79.3BN/A
Short-term debt, % of total reserves10.6%N/A
Total debt service, % of exports and primary income72.1%N/A
Adjusted net savings including particulate emission damage, % of GNI-16.9%20.1%
Gross savings, % of GDP5.5%34.7%
Gross capital formation, % of GDP19.5%30.2%
Total reserves including gold$52.4B$403.1B
Foreign direct investment net inflows$2.6B$14.5B

Exports, imports and economic structure

StatLebanonSouth Korea
Exports of goods and services, % of GDP23.3%44%
Imports of goods and services, % of GDP39.6%39%
Current account balance (balance of payments)-$12.4B$76.4B
Revenue excluding grants, % of GDP19.8%27.8%
Grants excluding technical cooperation, BoP$1.2B$6.7M
Personal remittances received$6.9B$7.1B
Industry including construction value added, % of GDP14.1%35.1%
Agriculture, forestry and fishing value added, % of GDP2.9%2%
Charges for the use of intellectual property, payments BoP$15.7M$9.9B
Charges for the use of intellectual property, receipts BoP$17.7M$7.8B
Expense, % of GDP25.8%25.4%
Government Expenditure, % of GDP30.3%32.8%

Compare with countries close by GDP per capita

Lebanon vs

CountryGDP
per capita
Population
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
Cuba
$8.8k
11.3M
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
Fiji
$6.3k
881k

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