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
| Stat |  Lebanon |  South Korea |
|---|---|---|
| GDP | $56.6B | $1.6T |
| GDP growth, 1 year | 0.3% | 2.7% |
| GDP growth, 5-years average | 0.9% | 3% |
| Population | 6.1M | 51.5M |
| GDP per capita | $8.3k | $31k |
| GDP per capita growth | -0.34% | 2.33% |
| Purchasing Power Parity conversion factor | 953.03 | 860.51 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.63 | 0.78 |
| 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
| Stat | Lebanon | South Korea |
|---|---|---|
| Income Tax Rate | 20% | 42% |
| Corporate Tax Rate | 17% | 25% |
| Inflation, consumer prices | 6.1% | 1.5% |
| Inflation, GDP deflator | 5.9% | 0.3% |
| Unemployment | 6.2% | 3.8% |
| Economic Freedom Index | 51.7 | 74 |
| Personal Freedom Index | 6.29 | 8.84 |
| Human Freedom Index | 6.72 | 8.15 |
| Property Rights Index | 44.6 | 82.5 |
| Judical Effectiveness Index | 30.8 | 61 |
| Business Freedom Index | 45.6 | 90.5 |
| Fiscal Health Index | 0 | 96.7 |
| Labor Freedom Index | 47.8 | 56.2 |
| Investment Freedom Index | 60 | 70 |
| Financial Freedom Index | 50 | 70 |
| Trade Freedom Index | 77.4 | 80 |
| Monetary Freedom Index | 75.6 | 82.1 |
| Government Spending Index | 72.5 | 67.7 |
| Tax Burden Index | 90.8 | 63.9 |
| Government Integrity Index | 25 | 67.5 |
| Corruption Perceptions Index | 28 | 57 |
| Life expectancy at birth, years | 78.8 | 82.6 |
| Suicide mortality rate, per 100,000 people | 3.3 | 26.9 |
| Mortality caused by road traffic injury, per 100,000 people | 18.1 | 9.8 |
| Intentional homicides, per 100,000 people | 4 | 0.6 |
| International tourism, number of arrivals | 2M | 15.3M |
Government debt & reserves
| Stat | Lebanon | South Korea |
|---|---|---|
| Central government debt, % of GDP | 150.9% | 40.7% |
| External debt stocks, % of GNI | 145.1% | N/A |
| External debt stocks | $79.3B | N/A |
| Short-term debt, % of total reserves | 10.6% | N/A |
| Total debt service, % of exports and primary income | 72.1% | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | -16.9% | 20.1% |
| Gross savings, % of GDP | 5.5% | 34.7% |
| Gross capital formation, % of GDP | 19.5% | 30.2% |
| Total reserves including gold | $52.4B | $403.1B |
| Foreign direct investment net inflows | $2.6B | $14.5B |
Exports, imports and economic structure
| Stat | Lebanon | South Korea |
|---|---|---|
| Exports of goods and services, % of GDP | 23.3% | 44% |
| Imports of goods and services, % of GDP | 39.6% | 39% |
| Current account balance (balance of payments) | -$12.4B | $76.4B |
| Revenue excluding grants, % of GDP | 19.8% | 27.8% |
| Grants excluding technical cooperation, BoP | $1.2B | $6.7M |
| Personal remittances received | $6.9B | $7.1B |
| Industry including construction value added, % of GDP | 14.1% | 35.1% |
| Agriculture, forestry and fishing value added, % of GDP | 2.9% | 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 GDP | 25.8% | 25.4% |
| Government Expenditure, % of GDP | 30.3% | 32.8% |
