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Montenegro vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Montenegro ranked 153rd with $5.5B. By GDP 5-years average growth and GDP per capita, South Korea and Montenegro ranked 93rd vs 67th and 33rd vs 81st, respectively.

Gross Domestic Product & Income

StatMontenegroSouth Korea
GDP$5.5B$1.6T
GDP growth, 1 year4.5%2.7%
GDP growth, 5-years average3.5%3%
Population622k51.1M
GDP per capita$8.8k$31k
GDP per capita growth5.08%2.33%
Purchasing Power Parity conversion factor0.36860.51
Price level ratio of PPP conversion factor GDP to market exchange rate0.430.78
GDP per capita, PPP adjusted$19k$41k
GNI, Atlas method$5.2B$1.6T
GNI per capita$8.4k$31k
GNI, PPP adjusted$13B$2.1T
GNI per capita, PPP adjusted$21k$40k

Financial system and Human development

StatMontenegroSouth Korea
Income Tax Rate9%42%
Corporate Tax Rate9%25%
Inflation, consumer prices2.6%1.5%
Inflation, GDP deflator3.2%0.3%
Unemployment15.5%3.8%
Economic Freedom Index61.574
Personal Freedom Index8.128.84
Human Freedom Index7.678.15
Property Rights Index59.182.5
Judical Effectiveness Index55.361
Business Freedom Index70.890.5
Fiscal Health Index23.496.7
Labor Freedom Index74.856.2
Investment Freedom Index7570
Financial Freedom Index5070
Trade Freedom Index83.880
Monetary Freedom Index80.382.1
Government Spending Index32.167.7
Tax Burden Index85.463.9
Government Integrity Index47.567.5
Corruption Perceptions Index4557
Life expectancy at birth, years76.782.6
Suicide mortality rate, per 100,000 people10.326.9
Mortality caused by road traffic injury, per 100,000 people10.79.8
Intentional homicides, per 100,000 people2.40.6
International tourism, number of arrivals2.1M15.3M

Government debt & reserves

StatMontenegroSouth Korea
Central government debt, % of GDP72.1%40.7%
External debt stocks, % of GNI144.1%N/A
External debt stocks$8BN/A
Short-term debt, % of total reserves17.2%N/A
Total debt service, % of exports and primary income63.7%N/A
Adjusted net savings including particulate emission damage, % of GNIN/A20.1%
Gross savings, % of GDP14.9%34.7%
Gross capital formation, % of GDP31.9%30.2%
Total reserves including gold$1.2B$403.1B
Foreign direct investment net inflows$485.7M$14.5B

Exports, imports and economic structure

StatMontenegroSouth Korea
Exports of goods and services, % of GDP42.9%44%
Imports of goods and services, % of GDP66.7%39%
Current account balance (balance of payments)-$943M$76.4B
Revenue excluding grants, % of GDPN/A27.8%
Grants excluding technical cooperation, BoP$57.7M$6.7M
Personal remittances received$588.9M$7.1B
Industry including construction value added, % of GDP15.9%35.1%
Agriculture, forestry and fishing value added, % of GDP6.7%2%
Charges for the use of intellectual property, payments BoP$6M$9.9B
Charges for the use of intellectual property, receipts BoP$432k$7.8B
Expense, % of GDPN/A25.4%
Government Expenditure, % of GDP47.6%32.8%

Compare with countries close by GDP per capita

Montenegro vs

CountryGDP
per capita
Population
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
345k
Equatorial Guinea
$10k
1.22M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7.27M
Brazil
$8.9k
208M
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
15.7M

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