Myanmar vs South Korea: Economic Indicators Comparison

South Korea with a GDP of $1.6T ranked the 12th largest economy in the world, while Myanmar ranked 71st with $71.2B. By GDP 5-years average growth and GDP per capita, South Korea and Myanmar ranked 93rd vs 13th and 33rd vs 164th, respectively.

Gross Domestic Product & Income

Stat	Myanmar	South Korea
GDP	$71.2B	$1.6T
GDP growth, 1 year	6.7%	2.7%
GDP growth, 5-years average	6.8%	3%
Population	53.4M	51.5M
GDP per capita	$1.3k	$31k
GDP per capita growth	5.56%	2.33%
Purchasing Power Parity conversion factor	290.17	860.51
Price level ratio of PPP conversion factor GDP to market exchange rate	0.29	0.78
GDP per capita, PPP adjusted	$6.2k	$41k
GNI, Atlas method	$70.2B	$1.6T
GNI per capita	$1.3k	$31k
GNI, PPP adjusted	$348.9B	$2.1T
GNI per capita, PPP adjusted	$6.5k	$40k

Financial system and Human development

Stat	Myanmar	South Korea
Income Tax Rate	20%	42%
Corporate Tax Rate	30%	25%
Inflation, consumer prices	5.9%	1.5%
Inflation, GDP deflator	8.3%	0.3%
Unemployment	1.6%	3.8%
Economic Freedom Index	54	74
Personal Freedom Index	5.96	8.84
Human Freedom Index	4.81	8.15
Property Rights Index	32.5	82.5
Judical Effectiveness Index	14.3	61
Business Freedom Index	53.1	90.5
Fiscal Health Index	84.6	96.7
Labor Freedom Index	59.9	56.2
Investment Freedom Index	30	70
Financial Freedom Index	20	70
Trade Freedom Index	70.8	80
Monetary Freedom Index	77.5	82.1
Government Spending Index	87.5	67.7
Tax Burden Index	86.6	63.9
Government Integrity Index	31.5	67.5
Corruption Perceptions Index	29	57
Life expectancy at birth, years	66.6	82.6
Suicide mortality rate, per 100,000 people	7.8	26.9
Mortality caused by road traffic injury, per 100,000 people	19.9	9.8
Intentional homicides, per 100,000 people	2.3	0.6
International tourism, number of arrivals	3.6M	15.3M

Government debt & reserves

Stat	Myanmar	South Korea
Central government debt, % of GDP	38.2%	40.7%
External debt stocks, % of GNI	21.5%	N/A
External debt stocks	$14.9B	N/A
Short-term debt, % of total reserves	15.6%	N/A
Total debt service, % of exports and primary income	4.9%	N/A
Adjusted net savings including particulate emission damage, % of GNI	23.1%	20.1%
Gross savings, % of GDP	29.2%	34.7%
Gross capital formation, % of GDP	32.8%	30.2%
Total reserves including gold	$5.6B	$403.1B
Foreign direct investment net inflows	$1.3B	$14.5B

Exports, imports and economic structure

Stat	Myanmar	South Korea
Exports of goods and services, % of GDP	20%	44%
Imports of goods and services, % of GDP	28%	39%
Current account balance (balance of payments)	-$2.1B	$76.4B
Revenue excluding grants, % of GDP	15.8%	27.8%
Grants excluding technical cooperation, BoP	$886.7M	$6.7M
Personal remittances received	$2.8B	$7.1B
Industry including construction value added, % of GDP	32.3%	35.1%
Agriculture, forestry and fishing value added, % of GDP	24.6%	2%
Charges for the use of intellectual property, payments BoP	$47.3M	$9.9B
Charges for the use of intellectual property, receipts BoP	$2.6M	$7.8B
Expense, % of GDP	16.8%	25.4%
Government Expenditure, % of GDP	20.4%	32.8%