Maldives vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Maldives ranked 155th with $5.3B. By GDP 5-years average growth and GDP per capita, South Korea and Maldives ranked 93rd vs 22nd and 33rd vs 72nd, respectively.

Gross Domestic Product & Income

StatMaldivesSouth Korea
GDP$5.3B$1.6T
GDP growth, 1 year7%2.7%
GDP growth, 5-years average6.3%3%
Population436k51.5M
GDP per capita$10k$31k
GDP per capita growth2.89%2.33%
Purchasing Power Parity conversion factor10.39860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.670.78
GDP per capita, PPP adjusted$22k$41k
GNI, Atlas method$4.8B$1.6T
GNI per capita$9.3k$31k
GNI, PPP adjusted$7.3B$2.1T
GNI per capita, PPP adjusted$14k$40k

Financial system and Human development

StatMaldivesSouth Korea
Income Tax Rate0%42%
Corporate Tax Rate0%25%
Inflation, consumer prices1.5%1.5%
Inflation, GDP deflator5.3%0.3%
Unemployment6.1%3.8%
Economic Freedom Index56.574
Personal Freedom Index7.28.84
Human Freedom Index7.18.15
Property Rights Index48.582.5
Judical Effectiveness Index31.761
Business Freedom Index78.790.5
Fiscal Health Index42.996.7
Labor Freedom Index70.656.2
Investment Freedom Index3570
Financial Freedom Index3070
Trade Freedom Index6180
Monetary Freedom Index7782.1
Government Spending Index67.967.7
Tax Burden Index95.863.9
Government Integrity Index39.267.5
Corruption Perceptions Index3157
Life expectancy at birth, years78.382.6
Suicide mortality rate, per 100,000 people2.326.9
Mortality caused by road traffic injury, per 100,000 people0.99.8
Intentional homicides, per 100,000 people0.80.6
International tourism, number of arrivals1.5M15.3M

Government debt & reserves

StatMaldivesSouth Korea
Central government debt, % of GDP61.5%40.7%
External debt stocks, % of GNI48%N/A
External debt stocks$2.3BN/A
Short-term debt, % of total reserves36.4%N/A
Total debt service, % of exports and primary income9.2%N/A
Adjusted net savings including particulate emission damage, % of GNIN/A20.1%
Gross savings, % of GDPN/A34.7%
Gross capital formation, % of GDPN/A30.2%
Total reserves including gold$722.1M$403.1B
Foreign direct investment net inflows$538.5M$14.5B

Exports, imports and economic structure

StatMaldivesSouth Korea
Exports of goods and services, % of GDP69.1%44%
Imports of goods and services, % of GDP77.2%39%
Current account balance (balance of payments)-$1.4B$76.4B
Revenue excluding grants, % of GDP25.7%27.8%
Grants excluding technical cooperation, BoP$72.6M$6.7M
Personal remittances received$4.2M$7.1B
Industry including construction value added, % of GDP12.9%35.1%
Agriculture, forestry and fishing value added, % of GDP5.6%2%
Charges for the use of intellectual property, payments BoP$3.5M$9.9B
Charges for the use of intellectual property, receipts BoP$5.6M$7.8B
Expense, % of GDP25.1%25.4%
Government Expenditure, % of GDP32.7%32.8%

Compare with countries close by GDP per capita

Maldives vs

CountryGDP
per capita
Population
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k

South Korea vs

CountryGDP
per capita
Population
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k