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Lithuania vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Lithuania ranked 83rd with $53.4B. By GDP 5-years average growth and GDP per capita, South Korea and Lithuania ranked 93rd vs 83rd and 33rd vs 49th, respectively.

Gross Domestic Product & Income

StatLithuaniaSouth Korea
GDP$53.4B$1.6T
GDP growth, 1 year3.4%2.7%
GDP growth, 5-years average3.1%3%
Population2.8M51.1M
GDP per capita$19k$31k
GDP per capita growth5.09%2.33%
Purchasing Power Parity conversion factor0.46860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.540.78
GDP per capita, PPP adjusted$35k$41k
GNI, Atlas method$48.6B$1.6T
GNI per capita$17k$31k
GNI, PPP adjusted$95.7B$2.1T
GNI per capita, PPP adjusted$34k$40k

Financial system and Human development

StatLithuaniaSouth Korea
Income Tax Rate20%42%
Corporate Tax Rate15%25%
Inflation, consumer prices2.5%1.5%
Inflation, GDP deflator3.3%0.3%
Unemployment6%3.8%
Economic Freedom Index76.774
Personal Freedom Index8.578.84
Human Freedom Index7.948.15
Property Rights Index77.982.5
Judical Effectiveness Index62.161
Business Freedom Index71.990.5
Fiscal Health Index97.496.7
Labor Freedom Index76.556.2
Investment Freedom Index8070
Financial Freedom Index7070
Trade Freedom Index86.480
Monetary Freedom Index79.782.1
Government Spending Index6667.7
Tax Burden Index84.963.9
Government Integrity Index67.467.5
Corruption Perceptions Index5957
Life expectancy at birth, years74.782.6
Suicide mortality rate, per 100,000 people31.926.9
Mortality caused by road traffic injury, per 100,000 people89.8
Intentional homicides, per 100,000 people4.50.6
International tourism, number of arrivals2.8M15.3M

Government debt & reserves

StatLithuaniaSouth Korea
Central government debt, % of GDP35.9%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 GNI3.4%20.1%
Gross savings, % of GDP20.3%34.7%
Gross capital formation, % of GDP19.8%30.2%
Total reserves including gold$5.8B$403.1B
Foreign direct investment net inflows$867.7M$14.5B

Exports, imports and economic structure

StatLithuaniaSouth Korea
Exports of goods and services, % of GDP75.6%44%
Imports of goods and services, % of GDP73.7%39%
Current account balance (balance of payments)$817.6M$76.4B
Revenue excluding grants, % of GDP31.2%27.8%
Grants excluding technical cooperation, BoP$236.8M$6.7M
Personal remittances received$1.4B$7.1B
Industry including construction value added, % of GDP25.5%35.1%
Agriculture, forestry and fishing value added, % of GDP2.9%2%
Charges for the use of intellectual property, payments BoP$61.7M$9.9B
Charges for the use of intellectual property, receipts BoP$31.1M$7.8B
Expense, % of GDP31.1%25.4%
Government Expenditure, % of GDP33.7%32.8%

Compare with countries close by GDP per capita

Lithuania vs

CountryGDP
per capita
Population
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
Barbados
$18k
285k
Latvia
$18k
1.95M
Uruguay
$17k
3.41M
Trinidad and Tobago
$17k
1.34M
Antigua and Barbuda
$17k
101k
Seychelles
$16k
95.8k
Oman
$16k
3.63M
Hungary
$16k
9.97M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
20.9k
Panama
$16k
3.86M
Poland
$15k
38.5M
Croatia
$15k
4.11M
Romania
$12k
19.6M

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