Skip to content

Liberia vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Liberia ranked 164th with $3.3B. By GDP 5-years average growth and GDP per capita, South Korea and Liberia ranked 93rd vs 161st and 33rd vs 186th, respectively.

Gross Domestic Product & Income

StatLiberiaSouth Korea
GDP$3.3B$1.6T
GDP growth, 1 year1.2%2.7%
GDP growth, 5-years average0.6%3%
Population4.7M51.1M
GDP per capita$677$31k
GDP per capita growth-1.23%2.33%
Purchasing Power Parity conversion factor0.52860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.520.78
GDP per capita, PPP adjusted$1.4k$41k
GNI, Atlas method$2.9B$1.6T
GNI per capita$610$31k
GNI, PPP adjusted$5.5B$2.1T
GNI per capita, PPP adjusted$1.1k$40k

Financial system and Human development

StatLiberiaSouth Korea
Income Tax Rate25%42%
Corporate Tax Rate25%25%
Inflation, consumer prices23.4%1.5%
Inflation, GDP deflator-1.9%0.3%
Unemployment2%3.8%
Economic Freedom Index4974
Personal Freedom Index6.18.84
Human Freedom Index6.68.15
Property Rights Index31.182.5
Judical Effectiveness Index37.961
Business Freedom Index48.290.5
Fiscal Health Index59.796.7
Labor Freedom Index38.256.2
Investment Freedom Index5570
Financial Freedom Index2070
Trade Freedom Index60.680
Monetary Freedom Index62.182.1
Government Spending Index65.567.7
Tax Burden Index86.163.9
Government Integrity Index23.867.5
Corruption Perceptions Index3257
Life expectancy at birth, years63.382.6
Suicide mortality rate, per 100,000 people6.826.9
Mortality caused by road traffic injury, per 100,000 people35.99.8
Intentional homicides, per 100,000 people3.20.6
International tourism, number of arrivalsN/A15.3M

Government debt & reserves

StatLiberiaSouth Korea
Central government debt, % of GDP40.5%40.7%
External debt stocks, % of GNI44.7%N/A
External debt stocks$1.3BN/A
Short-term debt, % of total reserves0%N/A
Total debt service, % of exports and primary income2.8%N/A
Adjusted net savings including particulate emission damage, % of GNI-99%20.1%
Gross savings, % of GDP-64.1%34.7%
Gross capital formation, % of GDP12.9%30.2%
Total reserves including gold$560.3M$403.1B
Foreign direct investment net inflows$129.1M$14.5B

Exports, imports and economic structure

StatLiberiaSouth Korea
Exports of goods and services, % of GDP26%44%
Imports of goods and services, % of GDP94.3%39%
Current account balance (balance of payments)-$674.1M$76.4B
Revenue excluding grants, % of GDP15.7%27.8%
Grants excluding technical cooperation, BoP$436.2M$6.7M
Personal remittances received$459.9M$7.1B
Industry including construction value added, % of GDP12.5%35.1%
Agriculture, forestry and fishing value added, % of GDP37.3%2%
Charges for the use of intellectual property, payments BoPN/A$9.9B
Charges for the use of intellectual property, receipts BoPN/A$7.8B
Expense, % of GDP16.5%25.4%
Government Expenditure, % of GDP33.9%32.8%

Compare with countries close by GDP per capita

Liberia vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
3.54M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
26.2M
Benin
$902
10M
Mali
$900
18.5M
Guinea
$879
11.6M
Haiti
$868
10.3M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.52M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
11M
Gambia
$716
1.86M
Burkina Faso
$715
19.2M
Togo
$679
6.34M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
22.9M
Afghanistan
$521
34.9M
Mozambique
$499
25.8M
Central African Republic
$476
4.99M
Niger
$414
17.1M
Malawi
$389
18.6M
Somalia
$315
11M

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