Malta vs South Korea: Economic Indicators Comparison
South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Malta ranked 126th with $14.6B. By GDP 5-years average growth and GDP per capita, South Korea and Malta ranked 93rd vs 5th and 33rd vs 35th, respectively.
Gross Domestic Product & Income
| Stat |  Malta |  South Korea |
|---|---|---|
| GDP | $14.6B | $1.6T |
| GDP growth, 1 year | 6.4% | 2.7% |
| GDP growth, 5-years average | 7.6% | 3% |
| Population | 465k | 51.5M |
| GDP per capita | $30k | $31k |
| GDP per capita growth | 3.34% | 2.33% |
| Purchasing Power Parity conversion factor | 0.6 | 860.51 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.71 | 0.78 |
| GDP per capita, PPP adjusted | $46k | $41k |
| GNI, Atlas method | $12.8B | $1.6T |
| GNI per capita | $26k | $31k |
| GNI, PPP adjusted | $19B | $2.1T |
| GNI per capita, PPP adjusted | $39k | $40k |
Financial system and Human development
| Stat | Malta | South Korea |
|---|---|---|
| Income Tax Rate | 35% | 42% |
| Corporate Tax Rate | 35% | 25% |
| Inflation, consumer prices | 1.7% | 1.5% |
| Inflation, GDP deflator | 2.1% | 0.3% |
| Unemployment | 4.6% | 3.8% |
| Economic Freedom Index | 69.5 | 74 |
| Personal Freedom Index | 9.08 | 8.84 |
| Human Freedom Index | 8.42 | 8.15 |
| Property Rights Index | 70.5 | 82.5 |
| Judical Effectiveness Index | 49.6 | 61 |
| Business Freedom Index | 68 | 90.5 |
| Fiscal Health Index | 95.9 | 96.7 |
| Labor Freedom Index | 61.1 | 56.2 |
| Investment Freedom Index | 85 | 70 |
| Financial Freedom Index | 60 | 70 |
| Trade Freedom Index | 86.4 | 80 |
| Monetary Freedom Index | 77.1 | 82.1 |
| Government Spending Index | 60 | 67.7 |
| Tax Burden Index | 64.8 | 63.9 |
| Government Integrity Index | 55.1 | 67.5 |
| Corruption Perceptions Index | 54 | 57 |
| Life expectancy at birth, years | 82.5 | 82.6 |
| Suicide mortality rate, per 100,000 people | 7.5 | 26.9 |
| Mortality caused by road traffic injury, per 100,000 people | 6.1 | 9.8 |
| Intentional homicides, per 100,000 people | 0.9 | 0.6 |
| International tourism, number of arrivals | 2.6M | 15.3M |
Government debt & reserves
| Stat | Malta | South Korea |
|---|---|---|
| Central government debt, % of GDP | 45.4% | 40.7% |
| External debt stocks, % of GNI | N/A | N/A |
| External debt stocks | N/A | N/A |
| Short-term debt, % of total reserves | N/A | N/A |
| Total debt service, % of exports and primary income | N/A | N/A |
| Adjusted net savings including particulate emission damage, % of GNI | N/A | 20.1% |
| Gross savings, % of GDP | 31.1% | 34.7% |
| Gross capital formation, % of GDP | 19.1% | 30.2% |
| Total reserves including gold | $1B | $403.1B |
| Foreign direct investment net inflows | $4.7B | $14.5B |
Exports, imports and economic structure
| Stat | Malta | South Korea |
|---|---|---|
| Exports of goods and services, % of GDP | 144.9% | 44% |
| Imports of goods and services, % of GDP | 124% | 39% |
| Current account balance (balance of payments) | $1.4B | $76.4B |
| Revenue excluding grants, % of GDP | 38.8% | 27.8% |
| Grants excluding technical cooperation, BoP | $6.8M | $6.7M |
| Personal remittances received | $276.5M | $7.1B |
| Industry including construction value added, % of GDP | 12.1% | 35.1% |
| Agriculture, forestry and fishing value added, % of GDP | 0.9% | 2% |
| Charges for the use of intellectual property, payments BoP | $814.5M | $9.9B |
| Charges for the use of intellectual property, receipts BoP | $618.8M | $7.8B |
| Expense, % of GDP | 34.9% | 25.4% |
| Government Expenditure, % of GDP | 36.5% | 32.8% |
